%0 Conference Paper
%A Medetoğlu, B.
%A Kavas, Y. B.
%A Saldanlı, A.
%T Brics-T Ülkeleri Borsaları Arasındaki Dinamik Bağlantılığının TVP-VAR Yöntemi ile Analizi
%Q Anaylsis of Dynamic Connectedness between Stock Exchanges of BRICS-T Countries by TVP-VAR Method
%D 2023
%B 26. Finans Sempozyumu
%G tr
%X The financial system is the name given to the mechanism that includes units that supply and demand funds, institutions, assets, intermediaries, and legal regulations. The transformation of funds received into savings and investments and the provision of financing with the most appropriate opportunity when income does not cover expenditure; refers to the financial management of individuals, institutions, and governments. Savings are transformed into investment opportunities in the financial markets, and returns are obtained. Markowitz's article "Portfolio Selection" (1952) brought a different perspective to previous financial theories and models. Modern Portfolio Theory is a forerunner of the models and theories developed after it. The theory, which introduced the concept of diversification, quantitative measurement of risk, and different financial perspectives to the literature, also provides information on the concept of expected return. This study was conducted to determine the dynamic linkages between the stock markets of the BRICS-T countries. The study uses data from the benchmark stock markets of Turkey, Brazil, Russia, India, China, and South Africa for 12.01.2005-09.06.2023. Various analyses were carried out using the TVP-VAR method. The study finds that the benchmark stock markets of Brazil, Russia, and South Africa are shock emitters, while Turkey, India, and China are shock receivers. The dynamic interconnectedness in the relevant periods is demonstrated, and the importance of portfolio diversification is assessed
%C Sivas
%K BRICS-T
%K Stock Markets
%K Connectedness
%K TVP-VAR
%K BRICS-T
%K Borsalar
%K Bağlantılılık
%K TVP-VAR