Journal of Economics and Research

Yazarlar: Ahmet UNLU, Seckin KABAK, Dilek TUGLU DUR

Konular:-

Anahtar Kelimeler:Covid,9,Financials Sector Index,Istanbul Stock Exchange

Özet: Coronavirus (Covid-19) disease, which first appeared in Wuhan, China in late 2019, was also detected in Turkey on March 11, 2020. With the World Health Organization (WHO) declaring the disease a pandemia, many countries, including Turkey, have imposed various restrictions to prevent the spread of the disease through social, commercial and financial constraints. These restrictions have had a narrowing effect on economies. The level of impact of each sector varies according to the field of activity. The aim of this study is to show the effect of the increases in the Covid-19 cases on Borsa İstanbul’s financials sector index. In accordance with this purpose, the reaction of sector index in Turkey before and after the detection of the disease is analyzed by econometric estimates with artificial variables using weekly data from August 25, 2019 to September 20, 2020. According to the estimation results we obtained, significant results were found on the volume of the financials sector index of the Covid-19 case numbers. Based on these results, the effect of the number of cases in the world on the volume of financial sector index were found to be quite weak, conversely the number of cases and deaths in Turkey were found to be more powerful impact on the financial sector index. Similarly, it can be stated that the Volatility Index (VIX) has a strong effect on the index volume compared to other variables in the opposite direction.

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