Gülin Vardar | Izmir University of Economics (original) (raw)

Talks (Selected Conference/Seminar Presentations) by Gülin Vardar

Research paper thumbnail of Vardar, Gulin and Coşkun, Yener. (2015). Does Financial Development Affect Economic Growth Volatility? (with Gulin Vardar). 15th EBES Conference, January 8-10, Lisbon/Portugal.

Papers by Gülin Vardar

Research paper thumbnail of Proceedings of the Conference on Emerging Economic Issues in a Globalizing World

In this paper, we empirically examine the short term overreaction effect in the Istanbul Stock Ex... more In this paper, we empirically examine the short term overreaction effect in the Istanbul Stock Exchange using daily stock data from January 1999 to December 2003. The study period covers the pre- and post- Turkish financial crisis period. Consistent with other prior studies on other markets, we find evidence of short term overreaction effect in the Istanbul Stock Exchange prior

Research paper thumbnail of The Competitive Conditions of the Banking Industry in the Post-Crises Period: An Analysis of Turkish Banks

İktisat İşletme ve Finans, 2014

Research paper thumbnail of International Portfolio Diversification Benefits among Developed and Emerging Markets within the Context of the Recent Global Financial Crisis

Concepts, Methodologies, Tools, and Applications, 2015

Research paper thumbnail of Finansal risk algılamalarında cinsiyet farklılığının etkisi

İktisat İşletme ve Finans, 2010

Bilimsel çalışmalar, kadınların erkeklerden daha fazla riskten kaçındıklarını göstermektedir. Fin... more Bilimsel çalışmalar, kadınların erkeklerden daha fazla riskten kaçındıklarını göstermektedir. Finansal risk alma davranışları konusunda yapılan araştırmalar ise, cinsiyet değişkenine ilişkin farklı sonuçlar ortaya koymaktadır. Türkiye’de yapılan ilk davranışsal finans araştırmalarından biri olan bu çalışmanın amacı, Türkiye’deki banka ve aracı kurumlarda çalışan kadın ve erkek yatırım danışmanları arasındaki risk algılama farklılıklarını ve bu farklılıkları kadın ve erkek müşterilere verdikleri hizmete yansıtma

Research paper thumbnail of Long-Run and Short-Run Dynamics among the Sectoral Stock Indices: Evidence from Turkey

This paper investigates the short-run and long-run dynamics among the major sectoral stock indice... more This paper investigates the short-run and long-run dynamics among the major sectoral stock indices of the Istanbul Stock Exchange over the period 1997-2011. Long-run relationship among these indices is analyzed by using both conventional Engle and Granger (1987) and Johansen-Juselius (1990) cointegration tests, causal relationship through Vector Error Correction Model (VECM). Likewise, variance decomposition analysis is employed to partition the

Research paper thumbnail of Consolidation and commercial bank net interest margins: Evidence from the old and new European Union members and candidate countries

Research paper thumbnail of The impact of interest rate and exchange rate volatility on banks' stock returns and volatility: Evidence from Turkey

Research paper thumbnail of Effects of Interest and Exchange Rate on Volatility and Return of Sector Price Indices at Istanbul Stock Exchange

European Journal of Economics, …, 2008

European Journal of Economics, Finance and Administrative Sciences ISSN 1450-2275 Issue 11 (2008)... more European Journal of Economics, Finance and Administrative Sciences ISSN 1450-2275 Issue 11 (2008) © EuroJournals, Inc. 2008 http://www.eurojournalsn.com ... Effects of Interest and Exchange Rate on Volatility and Return ... Gülin Vardar Izmir University of Economics, ...

Journal Articles by Gülin Vardar

Research paper thumbnail of Vardar, G., Coşkun, Y. and Yelkenci, T. (2018). Shock transmission and volatility spillover in stock and commodity markets: evidence from advanced and emerging markets. Eurasian Economic Review. pp. 1-58. https://doi.org/10.1007/s40822-018-0095-3

This paper employs a VAR-BEKK GARCH model to examine the shock transmission and volatility spillo... more This paper employs a VAR-BEKK GARCH model to examine the shock
transmission and volatility spillover (STVS) effects among daily stock market indices of the US, UK, France, Germany, Japan, Turkey, China, South Korea, South Africa and India, together with the five major commodity spot price—crude oil, natural gas, platinum, silver and gold—over the period 05 July, 2005 and 14 October, 2016, i.e., covering the pre-crisis, crisis and post global financial crisis periods. In the full period, the primary trend in advanced and emerging countries is
the bidirectional STVS effects between stock and the commodity returns. However, the results also illustrate relatively less unilateral STVS effects from the commodity to stock returns, but significant unilateral STVS effects from the stock returns to the commodity returns in advanced and emerging countries. We also find more cases of
significant STVS effects between commodity and stock markets in all countries during the crisis and post-crisis periods compared to the pre-crisis period. Therefore, it indicates that STVS effects are the new normal for stock and commodity markets, despite the efforts of central banks during post-global crisis period. In practical terms, our findings suggest that resource allocation decision between stocks and
commodities should involve the analysis of the direction of the STVS effects in particular stock/commodity markets and cycles of the global economy.

Research paper thumbnail of Vardar, Gulin and Coşkun, Yener. (2015). Does Financial Development Affect Economic Growth Volatility? (with Gulin Vardar). 15th EBES Conference, January 8-10, Lisbon/Portugal.

Research paper thumbnail of Proceedings of the Conference on Emerging Economic Issues in a Globalizing World

In this paper, we empirically examine the short term overreaction effect in the Istanbul Stock Ex... more In this paper, we empirically examine the short term overreaction effect in the Istanbul Stock Exchange using daily stock data from January 1999 to December 2003. The study period covers the pre- and post- Turkish financial crisis period. Consistent with other prior studies on other markets, we find evidence of short term overreaction effect in the Istanbul Stock Exchange prior

Research paper thumbnail of The Competitive Conditions of the Banking Industry in the Post-Crises Period: An Analysis of Turkish Banks

İktisat İşletme ve Finans, 2014

Research paper thumbnail of International Portfolio Diversification Benefits among Developed and Emerging Markets within the Context of the Recent Global Financial Crisis

Concepts, Methodologies, Tools, and Applications, 2015

Research paper thumbnail of Finansal risk algılamalarında cinsiyet farklılığının etkisi

İktisat İşletme ve Finans, 2010

Bilimsel çalışmalar, kadınların erkeklerden daha fazla riskten kaçındıklarını göstermektedir. Fin... more Bilimsel çalışmalar, kadınların erkeklerden daha fazla riskten kaçındıklarını göstermektedir. Finansal risk alma davranışları konusunda yapılan araştırmalar ise, cinsiyet değişkenine ilişkin farklı sonuçlar ortaya koymaktadır. Türkiye’de yapılan ilk davranışsal finans araştırmalarından biri olan bu çalışmanın amacı, Türkiye’deki banka ve aracı kurumlarda çalışan kadın ve erkek yatırım danışmanları arasındaki risk algılama farklılıklarını ve bu farklılıkları kadın ve erkek müşterilere verdikleri hizmete yansıtma

Research paper thumbnail of Long-Run and Short-Run Dynamics among the Sectoral Stock Indices: Evidence from Turkey

This paper investigates the short-run and long-run dynamics among the major sectoral stock indice... more This paper investigates the short-run and long-run dynamics among the major sectoral stock indices of the Istanbul Stock Exchange over the period 1997-2011. Long-run relationship among these indices is analyzed by using both conventional Engle and Granger (1987) and Johansen-Juselius (1990) cointegration tests, causal relationship through Vector Error Correction Model (VECM). Likewise, variance decomposition analysis is employed to partition the

Research paper thumbnail of Consolidation and commercial bank net interest margins: Evidence from the old and new European Union members and candidate countries

Research paper thumbnail of The impact of interest rate and exchange rate volatility on banks' stock returns and volatility: Evidence from Turkey

Research paper thumbnail of Effects of Interest and Exchange Rate on Volatility and Return of Sector Price Indices at Istanbul Stock Exchange

European Journal of Economics, …, 2008

European Journal of Economics, Finance and Administrative Sciences ISSN 1450-2275 Issue 11 (2008)... more European Journal of Economics, Finance and Administrative Sciences ISSN 1450-2275 Issue 11 (2008) © EuroJournals, Inc. 2008 http://www.eurojournalsn.com ... Effects of Interest and Exchange Rate on Volatility and Return ... Gülin Vardar Izmir University of Economics, ...

Research paper thumbnail of Vardar, G., Coşkun, Y. and Yelkenci, T. (2018). Shock transmission and volatility spillover in stock and commodity markets: evidence from advanced and emerging markets. Eurasian Economic Review. pp. 1-58. https://doi.org/10.1007/s40822-018-0095-3

This paper employs a VAR-BEKK GARCH model to examine the shock transmission and volatility spillo... more This paper employs a VAR-BEKK GARCH model to examine the shock
transmission and volatility spillover (STVS) effects among daily stock market indices of the US, UK, France, Germany, Japan, Turkey, China, South Korea, South Africa and India, together with the five major commodity spot price—crude oil, natural gas, platinum, silver and gold—over the period 05 July, 2005 and 14 October, 2016, i.e., covering the pre-crisis, crisis and post global financial crisis periods. In the full period, the primary trend in advanced and emerging countries is
the bidirectional STVS effects between stock and the commodity returns. However, the results also illustrate relatively less unilateral STVS effects from the commodity to stock returns, but significant unilateral STVS effects from the stock returns to the commodity returns in advanced and emerging countries. We also find more cases of
significant STVS effects between commodity and stock markets in all countries during the crisis and post-crisis periods compared to the pre-crisis period. Therefore, it indicates that STVS effects are the new normal for stock and commodity markets, despite the efforts of central banks during post-global crisis period. In practical terms, our findings suggest that resource allocation decision between stocks and
commodities should involve the analysis of the direction of the STVS effects in particular stock/commodity markets and cycles of the global economy.