Asset Price Bubbles and Its Effect On BIST 100 Volatılıty

Özet

Nowadays, capital markets are necessary for the successful and sustainable growth of economies and enterprises. As alternative investment instruments, asset prices interact with stock markets. For this reason, bubbles in asset prices are expected to be correlated with stock markets.For this study, the existence of a bubble in the dollar, euro, bitcoin, CDS, and deposit interest rate variables is analyzed using monthly data between 08:2010 and 10:2022. In the presence of bubble formation in the variables considered, it is aimed to examine the effects of these bubbles on the volatility of the…

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