The causal nexus between bank indices and geopolitical risk: bootstrap causality analysis under horizontal sector dependence

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dc.authoridalola, andrew/0000-0001-5355-3707
dc.authoridsahin, eyyup ensari/0000-0003-2110-7571
dc.authoridAKDAG, SAFFET/0000-0001-9576-6786
dc.authoridYILDIRIM, Hakan/0000-0002-3271-2841
dc.contributor.authorYildirim, Hakan
dc.contributor.authorSahin, Eyyup Ensari
dc.contributor.authorAkdag, Saffet
dc.contributor.authorAlola, Andrew Adewale
dc.date.accessioned2024-09-11T19:50:46Z
dc.date.available2024-09-11T19:50:46Z
dc.date.issued2023
dc.departmentİstanbul Gelişim Üniversitesien_US
dc.description.abstractAs the global economy thrives and pushes for sustainable growth, there are also a plethora of non-economic challenges arising from the respective dimensions of insecurity and geopolitical tensions such as inter- and intra-country conflicts. Geopolitical risk mostly arises from security tensions, war, and terrorist incidents, which hamper peaceful inter-country and regional cooperation, thus endangering state institutions such as financial institutions. Given this observation, the current study examines the relationship between the geopolitical risk index and bank indices by employing the bootstrap panel causality approach over a monthly period from September 2003 to December 2018. In this case, the causality analysis of the geopolitical risk index and bank indices for six (6) countries (China, Indonesia, Israel, Philippines, Saudi Arabia, and Turkey) was performed. Importantly, the investigation found causality only from the geopolitical risk index to bank indices in Turkey and Israel. Given the statistical evidence from the study, we offer related policy recommendations, especially for the examined countries.en_US
dc.identifier.doi10.1007/s40847-023-00257-w
dc.identifier.endpage538en_US
dc.identifier.issn0972-5792
dc.identifier.issn2199-6873
dc.identifier.issue2en_US
dc.identifier.scopus2-s2.0-85161466943en_US
dc.identifier.startpage531en_US
dc.identifier.urihttps://doi.org/10.1007/s40847-023-00257-w
dc.identifier.urihttps://hdl.handle.net/11363/7663
dc.identifier.volume25en_US
dc.identifier.wosWOS:001002964100001en_US
dc.identifier.wosqualityQ3en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.language.isoenen_US
dc.publisherSpringer Indiaen_US
dc.relation.ispartofJournal of Social And Economic Developmenten_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.snmz20240903_Gen_US
dc.subjectGeopolitical risksen_US
dc.subjectBank indicesen_US
dc.subjectBootstrap panel causalityen_US
dc.subjectDeveloping economiesen_US
dc.titleThe causal nexus between bank indices and geopolitical risk: bootstrap causality analysis under horizontal sector dependenceen_US
dc.typeArticleen_US

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