Gökberk Can

Rezart Demiraj ve Ahmed Yamen ile yazdığımız “AC Tech and Cold Auto” isimli iç kontrol vak’ası İstanbul Üniversitesi Muhasebe Enstitüsünün yıllık olarak yayınladığı Vak’alar kitap serisinin 2021 yılı baskısında yer aldı.

Bu vak’ayı yazmaktaki amacımız gelişmemiş sermaye piyasalarında iç kontrolün artan önemine vurgu yapmaktır. Vak’a üniversite son sınıf lisans son sınıf ve yüksek lisans öğrencileri hedeflenerek hazırlanmıştır. Eserimizin esas metnine kitap erişilebilir ancak çözüm notlarını için dileyen öğretim elemanın üniversite e-posta adresine gönderebilirim.

Umarım insanların faydalanacağı bir eser ortaya çıkartabilmişizdir. Vak’alar 2021 aşağıdaki bağlantıdan erişebilirsiniz.

Vak’alar 2021

Abstract

This study investigates the reaction of stock markets to the Covid-19 pandemic and the Global Financial Crisis of 2008 (GFC) and compares their influence in terms of risk exposures. The empirical investigation is conducted using the modified ICSS test, DCC-GARCH, and Diebold-Yilmaz connectedness analysis to examine financial contagion and volatility spillovers. To further reveal the impact of these two crises, the statistical features of tranquil and crisis periods under different time intervals are also compared. The test results show that although the outbreak’s origin was in China, the US stock market is the source of financial contagion and volatility spillovers during the pandemic, just as it was during the GFC. The propagation of shocks is considerably higher between developed economies compared to emerging markets. Additionally, the results show that the COVID-19 pandemic induced a more severe contagious effect and risk transmission than the GFC. The study provides an extensive examination of the COVID-19 pandemic and the GFC in terms of financial contagion and volatility spillovers. The results suggest the presence of strong co-movements of world stock markets with the US equity market, especially in periods of financial turmoil.

Gunay S, Can G (2022) The source of financial contagion and spillovers: An evaluation of the covid-19 pandemic and the global financial crisis. PLoS ONE 17(1): e0261835. https://doi.org/10.1371/journal.pone.0261835

https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0261835