Yazar "Dikmen, Okan" seçeneğine göre listele

Listeleniyor 1 - 1 / 1
  • Küçük Resim
    Öğe
    Gold market in Turkey and effect of pandemic on gold
    (İstanbul Bilgi Üniversitesi, 2021) Dikmen, Okan; Öztürk, Serda Selin
    ABSTRACT: The Covid-19 epidemic, which can be called the plague of our time today, affects financial markets as deeply as it affects the health sector. Analysis in a study to measure the impact of the Covid-19 pandemic on gold prices, 22.01.2020 -08.04.2020 was estimated using the ARDL model with daily data. In the study, which examined gold prices as dependent variables, Covid-19 Turkey case number, Covid-19 World Case Number, US dollar ratio, policy interest and fuel prices were included in the analysis as independent variables. Because the selected variables are stable at different levels, the results of short-term and long-term analysis were interpreted within the framework of the ARDL model. Based on the results of the error correction model, the long-term capture rate of the model was estimated at 51 percent. Gold is the most well-known and traditional financial instrument in which we can observe how investors develop financial instruments in situations that lead to global panic. According to the results, there are negative correlation between gold prices and short-term Unites States dollar exchange rate and political interest rate. Also, there are positive correlation between gold prices and fuel prices, Covid-19 World number of cases, Covid-19 Turkey number of cases. According to the results of a long-term relationship Covid-19 has been observed that a co-integrated relationship between gold prices with all variables except for the case of Turkey the number of variables.