Çankaya GCRIS Standart veritabanının içerik oluşturulması ve kurulumu Research Ecosystems (https://www.researchecosystems.com) tarafından devam etmektedir. Bu süreçte gördüğünüz verilerde eksikler olabilir.
 

Economic sentiment and foreign portfolio flows: Evidence from Türkiye

dc.contributor.authorGüneş, Didem
dc.contributor.authorÖzkan, İbrahim
dc.contributor.authorErden, Lütfi
dc.contributor.authorID169580tr_TR
dc.date.accessioned2024-05-30T13:06:17Z
dc.date.available2024-05-30T13:06:17Z
dc.date.issued2024
dc.departmentÇankaya Üniversitesi, İktisadi ve İdari Bilimler Fakültesi, Yönetim Bilişim Sistemleri Bölümüen_US
dc.description.abstractThe notable surge in capital flows in recent years has emerged as a key factor shaping the dynamics of international financial markets and influencing economic performance of emerging economies. Even though macroeconomic fundamentals of an economy can explain some of the patterns in international capital flows, behavioral factors also seem to be essential for positioning capital flows across countries. In this study, we aim to examine whether overall economic sentiment towards Turkish economy plays a significant role on net portfolio flows to Türkiye. To this end, we first construct a novel text-based sentiment index called "Turkish Economic Sentiment Index (TESI)", to capture the behavioral tendencies of international investors and media towards Türkiye. Our subsequent step integrates TESI into autoregressive distributed lag models (ARDL) alongside major pull-push determinants to assess whether market sentiment holds discernible influence on capital influx into Turkey. The results reveal that the TESI and VIX stand out as pivotal determinants influencing international portfolio flows. The TESI has a positive impact on portfolio flow dynamics, whereas the degree of global risk aversion inversely affects these flows. These findings align with the contention that a favorable sentiment can boost portfolio inflows to emerging markets. Conversely, heightened volatility expectations in © 2024 The Authorsen_US
dc.description.publishedMonth3
dc.identifier.citationGüneş, Didem; Özkan, İbrahim; Erden, Lütfi (2024). "Economic sentiment and foreign portfolio flows: Evidence from Türkiye", Central Bank Review, Vol. 24, No. 1.en_US
dc.identifier.doi10.1016/j.cbrev.2024.100147
dc.identifier.issn1303-0701
dc.identifier.issue1en_US
dc.identifier.urihttp://hdl.handle.net/20.500.12416/8450
dc.identifier.volume24en_US
dc.language.isoenen_US
dc.relation.ispartofCentral Bank Reviewen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectARDLen_US
dc.subjectEconomic Sentimenten_US
dc.subjectPortfolio Flowsen_US
dc.subjectSentiment Analysisen_US
dc.subjectText Analyticsen_US
dc.titleEconomic sentiment and foreign portfolio flows: Evidence from Türkiyetr_TR
dc.titleEconomic Sentiment and Foreign Portfolio Flows: Evidence From Türkiyeen_US
dc.typeArticleen_US
dspace.entity.typePublication

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