TY  - JOUR
TI  - Is Turkey's Stock Market More Affected by Covid-19
Indicators at National Scales or Global Scales 
AB  - In the context of wait-and-see policies due to uncertainties in the economy, both real and financial
economic decisions bring to the agenda a slowdown. Considering that uncertainty gets ever deeper in
accidental situations like wars and disasters, we observe that Covid-19 has not only surrounded the
world, but has also further deepened this uncertainty. On the other hand, countries continue to struggle
with health problems, while receding back to Keynesian economics to minimize the effects on their socioeconomic structure, as economies try to relieve both real and financial economies by implementing
expansionary monetary and financial policies. These expansionary policies and interventions by
governments against such negativities have created opposite effects. This study examines the oscillations
regarding the BIST-100 index, an important indicator of the Turkish economy, against national and
global Covid indicators. Using policies expansionary policies and stock exchange alternatives as control
variables, this study included MS-VAR analyses for the period of 2019/12/31-2020/06/30. It was
observed that BIST-100 was affected by Covid indicators at both national and global levels and that it
showed oscillations in the form of expansion and shrinking. These findings indicate that the monetary
and fiscal policies in Turkey should be designed based on a proactive approach to minimize the waitand-see effects of global and national uncertainties on the real and particularly the financial decisions of
economic actors.
AU  - YURTTANÇIKMAZ, ZİYA ÇAĞLAR
AU  - EMSEN, ÖMER SELÇUK
AU  - YALÇINKAYA, Ömer
AU  - özdemir, dilek
DO  - 10.26466/opus.870980
PY  - 2021
JO  - OPUS Uluslararası Toplum Araştırmaları Dergisi
VL  - 17
IS  - Pandemi Özel Sayısı
SN  - 2528-9527
SP  - 3869
EP  - 3891
DB  - TRDizin
UR  - http://search/yayin/detay/528878
ER  -