Yazar "Hassan, M. Kabir" seçeneğine göre listele

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    Convergence in Islamic financial development: Evidence from Islamic countries using the Fourier panel KPSS stationarity test
    (Elsevier, 2023) Hassan, M. Kabir; Kazak, Hasan; Adiguzel, Ugur; Gunduz, Mehmet Akif; Akcan, Ahmet Tayfur
    This study investigates whether there is convergence among Islamic countries with respect to the relationship between growth in Islamic financial markets and economic growth in those countries as measured by Gross Domestic Product. We use data from 2013 to 2021 for the nine Islamic countries with the highest levels of activity in Islamic finance. We employ the Fourier Panel KPSS Stationarity Test to examine the convergence hypothesis for four indicators of Islamic financial markets activity: Islamic Financial Asset Volume (IFAV), Islamic Banking Asset Volume, Sukuk Outstanding Volume, and Takaful Contribution Volume. Our analysis reveals that only IFAV exhibits convergence, while the other indicators do not. We also evaluate country-specific convergences within each indicator and find different results. Our study provides essential guiding findings regarding the significance of Islamic finance growth for countries and their prospects.Copyright (c) 2023 Borsa Istanbul Anonim sirketi. Published by Elsevier B.V. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).
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    Does credit default swap spread affect the value of the Turkish LIRA against the U.S. dollar?
    (Elsevier, 2017) Hassan, M. Kabir; Kayhan, Selim; Bayat, Tayfur
    We examine possible links between CDS spreads and the value of the Turkish lira against the U.S. dollar by using the recently developed rolling window causality method as well as the Markov Switching Vector Autoregressive method. Results show that credit default swap premiums drive the value of the Turkish lira against the U.S. dollar in the post crisis period. We conclude that market risk as a part of financial risk has become an important factor in determining exchange rate fluctuations in the Turkish economy during the post-crisis period. Copyright (C) 2016, Borsa Istanbul Anonim Sirketi. Production and hosting by Elsevier B.V.