The causal nexus between bank indices and geopolitical risk: bootstrap causality analysis under horizontal sector dependence

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dc.authoridalola, andrew/0000-0001-5355-3707
dc.authoridsahin, eyyup ensari/0000-0003-2110-7571
dc.authoridAKDAG, SAFFET/0000-0001-9576-6786
dc.authoridYILDIRIM, Hakan/0000-0002-3271-2841
dc.contributor.authorYildirim, Hakan
dc.contributor.authorSahin, Eyyup Ensari
dc.contributor.authorAkdag, Saffet
dc.contributor.authorAlola, Andrew Adewale
dc.date.accessioned2025-03-17T12:27:28Z
dc.date.available2025-03-17T12:27:28Z
dc.date.issued2023
dc.departmentTarsus Üniversitesi
dc.description.abstractAs the global economy thrives and pushes for sustainable growth, there are also a plethora of non-economic challenges arising from the respective dimensions of insecurity and geopolitical tensions such as inter- and intra-country conflicts. Geopolitical risk mostly arises from security tensions, war, and terrorist incidents, which hamper peaceful inter-country and regional cooperation, thus endangering state institutions such as financial institutions. Given this observation, the current study examines the relationship between the geopolitical risk index and bank indices by employing the bootstrap panel causality approach over a monthly period from September 2003 to December 2018. In this case, the causality analysis of the geopolitical risk index and bank indices for six (6) countries (China, Indonesia, Israel, Philippines, Saudi Arabia, and Turkey) was performed. Importantly, the investigation found causality only from the geopolitical risk index to bank indices in Turkey and Israel. Given the statistical evidence from the study, we offer related policy recommendations, especially for the examined countries.
dc.identifier.doi10.1007/s40847-023-00257-w
dc.identifier.endpage538
dc.identifier.issn0972-5792
dc.identifier.issn2199-6873
dc.identifier.issue2
dc.identifier.scopus2-s2.0-85161466943
dc.identifier.scopusqualityQ2
dc.identifier.startpage531
dc.identifier.urihttps://doi.org/10.1007/s40847-023-00257-w
dc.identifier.urihttps://hdl.handle.net/20.500.13099/2273
dc.identifier.volume25
dc.identifier.wosWOS:001002964100001
dc.identifier.wosqualityN/A
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherSpringer India
dc.relation.ispartofJournal of Social and Economic Development
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_WOS_20250316
dc.subjectGeopolitical risks
dc.subjectBank indices
dc.subjectBootstrap panel causality
dc.subjectDeveloping economies
dc.titleThe causal nexus between bank indices and geopolitical risk: bootstrap causality analysis under horizontal sector dependence
dc.typeArticle

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