期刊名称：Erciyes Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi
印刷版ISSN：1301-3688
电子版ISSN：2630-6409
出版年度：2019
期号：53
页码：226-245
语种：English
出版社：Erciyes University
摘要：This study aims to examine the effects of alternative investment instruments to equity index as gold prices,exchange rates and interest rates on stock prices traded on ISE100.VAR model based on error terms was created since the long-term relationship between the variables was determined by Johansen cointegration test and Granger Causality Analysis was applied to determine the causality between the variables.As a result of the analysis;bi-directional causality between Gold-ISE100,Interest Rate-ISE100;one-way causality between Exchange Rate-ISE100 and Gold-Interest Rate has been detected.As a result of the impact response analysis and variance decomposition,it was determined that the order of alternative investment preferences to ISE100 index as interest rate,exchange rate and gold prices.
其他摘要：Bu çalışmada borsa endeksine alternatif olabilecek yatırım araçlarından altın fiyatları,döviz kuru ve faiz oranlarının BIST100’de işlem görmekte olan hisse senedi fiyatlarına etkisinin incelenmesi amaçlanmıştır.Johansen eşbütünleşme testi ile değişkenler
