000			02105nam a22001577a 4500
999			_c525076 _d525076
008			240209b ||||| |||| 00| 0 eng d
100			_aYildirim, H., Sahin, E.E. and Alola, A.A. _949778
245			_aThe causal nexus between bank indices and geopolitical risk: Bootstrap causality analysis under horizontal sector dependence
260			_aJournal of Social and Economic Development
300			_a25(2), Dec, 2023: p.531-538
520			_aAs 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
650			_aGeopolitical 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 _949779
773			_aJournal of Social and Economic Development
906			_aINTERNATIONAL TRADE
942			_cAR