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dc.contributor.authorÇepni, Oğuzhan
dc.contributor.authorÇolak, Mehmet Selman
dc.contributor.authorHacıhasanoğlu, Yavuz Selim
dc.contributor.authorYılmaz, Muhammed Hasan
dc.date.accessioned2021-07-12T15:30:04Z
dc.date.available2021-07-12T15:30:04Z
dc.date.issued2021-06
dc.identifier.citationÇepni , O , Çolak , M S , Hacıhasanoğlu , Y S & Yılmaz , M H 2021 , ' Capital flows under global uncertainties : evidence from Turkey ' , Borsa Istanbul Review , vol. 21 , no. 2 , pp. 175-185 . https://doi.org/10.1016/j.bir.2020.09.009en
dc.identifier.issn2214-8450
dc.identifier.otherPURE: 271052712
dc.identifier.otherPURE UUID: d20bed31-3bc4-46ba-8d9b-e5f4fd20c1fc
dc.identifier.otherRIS: urn:3C7813FD3FE9472E9433669392E4FDDF
dc.identifier.otherScopus: 85092900004
dc.identifier.otherWOS: 000657478500007
dc.identifier.urihttp://hdl.handle.net/10023/23525
dc.description.abstractThis paper investigates the effects of global economic uncertainty and trade policy–related uncertainty in the US in predicting the bond and equity flows to Turkey during the period from January 2008 to November 2019. We use the time-varying Granger-causality test to assess the ability of economic policy uncertainty and capital flows to forecast Turkish equity and bond markets using fund-level data on bond and equity inflows compiled by the Emerging Portfolio Fund Research (EPFR) global database. Although we found no evidence of causality in the standard Granger-causality test, the time-varying robust causality test detects significant episodes that imply a causal relationship between capital flows and uncertainty indexes, especially during the global financial crisis and the election of the Trump administration.
dc.format.extent11
dc.language.isoeng
dc.relation.ispartofBorsa Istanbul Reviewen
dc.rightsCopyright © 2020, Borsa Istanbul Anonim Sirketi. Production and hosting by Elsevier B.V. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).en
dc.subjectCapital flowsen
dc.subjectGlobal economic policy uncertaintyen
dc.subjectTime-varying multivariate causalityen
dc.subjectTrade policy uncertainty in the United Statesen
dc.subjectHB Economic Theoryen
dc.subject3rd-DASen
dc.subject.lccHBen
dc.titleCapital flows under global uncertainties : evidence from Turkeyen
dc.typeJournal articleen
dc.description.versionPublisher PDFen
dc.contributor.institutionUniversity of St Andrews.School of Managementen
dc.identifier.doihttps://doi.org/10.1016/j.bir.2020.09.009
dc.description.statusPeer revieweden


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