The causal nexus between bank indices and geopolitical risk: Bootstrap causality analysis under horizontal sector dependence
By: Yildirim, H., Sahin, E.E. and Alola, A.A
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Material type: 
BookPublisher: Journal of Social and Economic Development Description: 25(2), Dec, 2023: p.531-538.Subject(s): Geopolitical Risk Bank Indices Global Economy Sustainable Growth Insecurity Geopolitical Tensions Inter-country Conflicts Intra-country Conflicts Security Tensions War Terrorist Incidents Financial Institutions Bootstrap Panel Causality Approach Statistical Evidence Policy Recommendations Turkey Israel
In:
Journal of Social and Economic DevelopmentSummary: As the global economy thrives and pushes for sustainable growth, there are also a plethora of non-economic challenges arising from the respective dimensions of insecurity and geopolitical tensions such as inter- and intra-country conflicts. Geopolitical risk mostly arises from security tensions, war, and terrorist incidents, which hamper peaceful inter-country and regional cooperation, thus endangering state institutions such as financial institutions. Given this observation, the current study examines the relationship between the geopolitical risk index and bank indices by employing the bootstrap panel causality approach over a monthly period from September 2003 to December 2018. In this case, the causality analysis of the geopolitical risk index and bank indices for six (6) countries (China, Indonesia, Israel, Philippines, Saudi Arabia, and Turkey) was performed. Importantly, the investigation found causality only from the geopolitical risk index to bank indices in Turkey and Israel. Given the statistical evidence from the study, we offer related policy recommendations, especially for the examined countries. – Reproduced
https://link.springer.com/article/10.1007/s40847-023-00257-w
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
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Articles
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Indian Institute of Public Administration | 25(2), Dec, 2023: p.531-538 | Available | AR130908 |
As the global economy thrives and pushes for sustainable growth, there are also a plethora of non-economic challenges arising from the respective dimensions of insecurity and geopolitical tensions such as inter- and intra-country conflicts. Geopolitical risk mostly arises from security tensions, war, and terrorist incidents, which hamper peaceful inter-country and regional cooperation, thus endangering state institutions such as financial institutions. Given this observation, the current study examines the relationship between the geopolitical risk index and bank indices by employing the bootstrap panel causality approach over a monthly period from September 2003 to December 2018. In this case, the causality analysis of the geopolitical risk index and bank indices for six (6) countries (China, Indonesia, Israel, Philippines, Saudi Arabia, and Turkey) was performed. Importantly, the investigation found causality only from the geopolitical risk index to bank indices in Turkey and Israel. Given the statistical evidence from the study, we offer related policy recommendations, especially for the examined countries. – Reproduced
https://link.springer.com/article/10.1007/s40847-023-00257-w
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