Author/Authors :
EREN, Murat Atatürk Üniversitesi - İktisadi ve İdari Bilimler Fakültesi - İktisat Bölümü, Turkey , BAŞAR, Selim Atatürk Üniversitesi - İktisadi ve İdari Bilimler Fakültesi - İktisat Bölümü, Turkey
Title Of Article :
THE EFFECTS OF MACROECONOMIC FACTORS AND CREDIT DEFAULT SWAPS ON BIST-100 INDEX: ARDL APPROACH
Abstract :
The aim of this study is to determine whether there is an impact of some macroeconomic variables and credit default swaps on BIST-100 Index by using monthly data of 2005:12-2014:03. Short and long term relationships of variables were analyzed by using ARDL approach. According to the results, it was found that credit default swaps and foreign trade equilibrium affected positively on stock prices in the long term, however, they have negative effects on the stock prices in short term. While the effects of industrial production index on stock prices was negative in long term, it was positive in short term.
NaturalLanguageKeyword :
BIST , 100 , Credit Default Swaps , Money Supply , Trade Balance , Industrial Production Index , Bound Test
JournalTitle :
Journal Of Economics and Administrative Sciences, Ataturk University
