References

• Akella, S. R., & Chen, S. J. (1990). Interest rate sensitivity of bank stock returns: Specification effects and structural changes. Journal of Financial Research, 13(2), 147-154. google scholar
• Akerlof, G. (1970). Quarterly Journal of Economics. Quarterly Journal of Economics, 84, 488. google scholar
• Alam, M. D., & Uddin, G. (2009). Relationship between interest rate and stock price: empirical evidence from developed and developing countries. International Journal of Business and Management (ISSN 1833-3850), 4(3), 43-51. google scholar
• Barbic, T., & CondiC-Jurkic, I. (2011). Relationship between macroeconomic fundamentals and stock market indices in selected CEE countries. Ekonomski pregled, 62(3-4), 113-133. google scholar
• Bodie, Z., Kane, A., ve Marcus, A. J. (2018). Yatırım Temelleri (9 b.). (S. Demir, Çev.) Nobel Akademik Yayıncılık. google scholar
• Brigham, E.F., & Houston, J.F. (2016). Finansal Yönetimin Temelleri, (Çev. Nevzat Aypek), 7.Basımdan Çeviri Ankara: Nobel yayın. google scholar
• Çetin, A. C., & Bıtırak, İ. A. (2015). Türkiye’deki makro ekonomik verilerin hisse senedi getirilerini etkileme gücünün arbitraj fiyatlama modeli ile analiz. Süleyman Demirel Üniversitesi Vizyoner Dergisi, 6(12), 1-19. google scholar
• Dritsaki-Bargiota, M., & Dritsaki, C. (2004). Macroeconomic determinants of stock price movements: an empirical investigation of the Greek stock market. In XI International Conference. Multinational finance Society, Istambul, July (pp. 3-8). google scholar
• Durukan, M. B. (1999). İstanbul Menkul Kıymetler Borsasında Makroekonomik Değişkenlerin Hisse Senedi Fiyatlarına Etkisi. İMKB dergisi, 3(11), 19-47. google scholar
• Engle, R. F., & Granger, C. W. J. (1987). Co-Integration and Error Correction: Representation, Estimation, and Testing. Econometrica, 55(2), 251-276. google scholar
• Eyüboğlu, S., & Eyüboğlu, K. (2018). Amerikan 10 Yıllık Tahvil Faizleri ile Gelişmekte Olan Ülke Borsaları Arasındaki İlişkinin Test Edilmesi. Yönetim Bilimleri Dergisi, 16(31), 443-459. google scholar
• Fama, E. F. (1970). Efficient capital markets: A review of theory and empirical work. The journal of Finance, 25(2), 383-417. google scholar
• Fama, E. F. (1981). Stock returns, real activity, inflation, and money. The American economic review, 71(4), 545-565. google scholar
• Fama, E. F., & Schwert, G. W. (1977). Asset returns and inflation. Journal of financial economics, 5(2), 115-146. google scholar
• Granger, C. W., & Yoon, G. (2002). Hidden cointegration. University of California, Economics Working Paper, No. (2002-02). google scholar
• Hatemi-J, A. (2012). Asymmetric causality tests with an application. Empirical economics, 43(1), 447-456. google scholar
• Hatemi-J, A., & Irandoust, M. (2012). Asymmetric interaction between government spending and terms of trade volatility: New evidence from hidden cointegration technique. Journal of Economic Studies. 39(3), 368-378 google scholar
• Johansen, S. (1988) Statistical Analysis of Cointegrating Vectors. Journal of Economic Dynamics and Control,12, 231-254. google scholar
• Karaca, S. V., Çütçü, İ., & Özkök, Y. (2022). Seçili Makroekonomik Değişkenler ile Borsa İstanbul Endeksi Arasındaki İlişki: Türkiye Örneği. Alanya Akademik Bakış, 6 (3) , 2913-2927. google scholar
• Kartal, M. T. (2019). Türkiye’de Referans (Gösterge) Faiz Oluşturulması: Türk Lirası Gecelik Referans Faiz Oranı (TLREF) Üzerine Bir İnceleme. Bankacılar Dergisi, 30 (111), 14-27. google scholar
• Lee, B. S. (1992). Causal relations among stock returns, interest rates, real activity, and inflation. The Journal of Finance, 47(4), 1591-1603. google scholar
• Lee, U. (1997). Stock Market and Macroeconomic Policies: New Evidence from Pacific Basin Countries. Multinational Finance Journal, 1(4), 273-289. google scholar
• Leon, N.K. (2008). The effects of interest rates volatility on stock returns and volatility: Evidence from Korea. Euro Journal of Finance and Economics, 14, 285-290. google scholar
• Lin, X., Wang, C., Wang, N., & Yang, J. (2018). Investment, Tobin’s, and interest rates. Journal of Financial Economics, 130(3), 620-640. google scholar
• Mert, M., & Çağlar, A. E. (2019). Eviews ve Gauss uygulamalı zaman serileri analizi. Ankara: Detay Yayıncılık. google scholar
• Mishkin, F. S., Gordon, R. J., & Hymans, S. H. (1977). What depressed the consumer? The household balance sheet and the 1973-75 recession. Brookings papers on economic activity, 1977(1), 123-174. google scholar
• Modigliani, F. (1971). Monetary policy and consumption: Linkages via interest rate and wealth effects in the FMP Model. In F. Modigliani, J. google scholar
• Tobin, W. C. Dolde, P. J. Taubman, G. D. Green, D. I. Meiselman et al. (Eds.), Consumer Spending and Monetary Policy: The Linkages (pp. 9-84). Conferences Series, No. 5, Boston, MA: Federal Reserve Bank of Boston. google scholar
• Mukherjee, T. K., & Naka, A. (1995). Dynamic relations between macroeconomic variables and the Japanese stock market: an application of a vector error correction model. Journal of financial Research, 18(2), 223-237. google scholar
• Muktadir-Al-Mukit, D. (2013). An econometric analysis of the impact of monetary policy on stock market performance in Bangladesh. World Review of Business Research, 3(3), 16-29. google scholar
• Omağ, A. (2009). Türkiye’de 1991-2006 döneminde makro ekonomik değişkenlerin hisse senedi fiyatlarına etkisi. Öneri Dergisi, 8 (32), 283-288. google scholar
• Onasanya, O. K., & Ayoola, F. J. (2012). Does macro economic variables have effect on stock market movement in Nigeria. Journal of Economics and Sustainable Development, 3(10), 192-202. google scholar
• Phillips P. C. B., & Perron, P (1988). Testing for a Unit Root in Time Series Regression. Biometrika, 75(2), 335-346. google scholar
• Pilinkus, D., & Boguslauskas, V. (2009). The short-run relationship between stock market prices and macroeconomic variables in Lithuania: an application of the impulse response function. Inzinerine ekonomika, (5), 26-34. google scholar
• Prempeh, K. B. (2016). Macroeconomic variables and stock price volatility in Ghana. Munich Personal RePEc Archive, MPRA Paper No.70545, 1-11. google scholar
• Rogers, R. M. (1998). Handbook of key economic indicators. McGraw Hill Professional. google scholar
• Roll, R., & Ross, S. A. (1995). The Arbitrage Pricing Theory Approach To Strategic Portfolio Planning. Financial Analysis Journal, 51(1), 122-131. google scholar
• Ross, S. A. (1976). The arbitrage theory of capital asset pricing, Journal of Economic Theory, 13, 341-360. google scholar
• Said E. Said, & Dickey, D. A. (1984). Testing for Unit Roots in Autoregressive-Moving Average Models of Unknown Order. Biometrika, 71(3), 599-607. google scholar
• Sayılgan, G., & Süslü, C. (2011). Makroekonomik faktörlerin hisse senedi getirilerine etkisi: Türkiye ve gelişmekte olan piyasalar üzerine bir inceleme. BDDK Bankacılık ve Finansal Piyasalar Dergisi, 5(1), 73-96. google scholar
• Sevüktekin, M., & Nargeleçekenler, M. (2010). Ekonometrik zaman serileri analizi: EViews uygulamalı. Nobel Yayın Dağıtım. google scholar
• Spence, A. M. (1973). Time and communication in economic and social interaction. The Quarterly Journal of Economics, 87(4), 651-660. google scholar
• Stiglitz, J. E. (1974). Incentives and risk sharing in sharecropping. The Review of Economic Studies, 41(2), 219-255. google scholar
• Şener, S., Yılancı, V., & Tıraşoğlu, M. (2013). Petrol Fiyatları İle Borsa İstanbul’un Kapanış Fiyatları Arasındaki Saklı İlişkinin Analizi. Sosyal Ekonomik Araştırmalar Dergisi, 13(26), 231-248. google scholar
• Tarı, R. (2014). Ekonometri, 9. Baskı, İstanbul: Umuttepe Yayınları. google scholar
• Ulu, Ç., Sönmez, Y. & Hürriyet B. (2022). BİST-100 ile TLREF üzerine bir çalışma: granger nedensellik analizi. 25. Finans Sempozyumunda Sunulan Bildiri, Mehmet Akif Ersoy Üniversitesi, Burdur. google scholar
• Uyar, U., Kangallı Uyar, S. G., & Gökçe, A. (2016). Gösterge faiz oranı dalgalanmaları ve BIST endeksleri arasındaki ilişkinin eşanlı kantil regresyon ile analizi. Ege Akademik Bakış,16(4), 587-598. google scholar
• Yeşildağ, E. (2021). Altın, faiz, işsizlik, para arzı ile borsa arasındaki eşbütünleşme ilişkisinin araştırılması. Yönetim ve Ekonomi Araştırmaları Dergisi, 19(2), 130-148. google scholar
• Zivot, E., & Donald W. K. Andrews. (1992). Further Evidence on the Great Crash, the Oil-Price Shock, and the Unit-Root Hypothesis. Journal of Business; Economic Statistics, 10(3), 251-270. google scholar
• Zügül, M., & Şahin, C. (2009). İMKB 100 endeksi ile bazı makroekonomik değişkenler arasındaki ilişkiyi incelemeye yönelik bir uygulama. Akademik Bakış, 16(1), 1-16. google scholar
• https://borsaistanbul.com/tr/, Erişim Tarihi: 20.10.2022. google scholar

Citations