VIX or ınvestors scare?

Yıldırım, Hakan

doi:10.1007/s11135-021-01153-3

Cited by 4 publications

(1 citation statement)

References 21 publications

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“…Worldwide financial crises, epidemics, wars, etc., lead to an increase in the FI (Whaley, 2000). An increase in the FI indicates that the risk perceptions of market investors increase, while the opposite situation indicates that the risk perceptions of investors decrease (Yıldırım, 2022) and show a more optimistic attitude toward the future. For this reason, it would be appropriate for people or organizations that are thinking about investing to behave in accordance with the data from the FI.…”

Section: Asian Economic and Financial Reviewmentioning

confidence: 98%

The effect of the fear index, dollar index and bitcoin on volatility: An example from Borsa Istanbul

Dilmac,

Sumer,

Mola

2023

5002

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The effect of the Russia–Ukraine war has fluctuated in Europe and Asia's economic conjuncture by virtue of constant shifting balances. The portfolios of investors who made decisions in uncertain conditions have been affected by these fluctuations that have caused volatility in the stock market's indexes. The aim of this study is to examine the impact of the Fear Index (FI), the Dollar Index, and Bitcoin on the volatility of the Borsa Istanbul 100 Index (BIST). Autoregressive distributed lag (ARDL) time series analysis was used for the study, which revealed that the Dollar Index has no effect on volatility, while the FI was found to have an effect on volatility both in the short and long runs. In addition, Bitcoin was determined to have an effect on volatility only in the long run. When the period of the data used is examined, the outbreak of the Russia–Ukraine war in February 2022 is thought to be the reason for the increase in the FI. It can be assumed that the decisions of investors to invest in the BIST were adversely affected by the war as a natural consequence of this, and investors who ceased investing in the BIST index opted to invest elsewhere.

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Section: Asian Economic and Financial Reviewmentioning

confidence: 98%