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The relationship between stock and real estate prices in Turkey: Evidence around the global Şnancial crisis

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dc.contributor.authorYüksel, Aslı
dc.contributor.institutionBahçeşehir Üniversitesi
dc.date.accessioned2025-09-20T20:02:26Z
dc.date.issued2016
dc.date.submitted29.07.2022
dc.description.abstractResearch on the relationship between stock and real estate prices focuses on two transmission mechanisms, namely the wealth and credit-price effects. This paper uses the 2007 globalŞnancial crisis as anatural experiment and examines whether the relationship between real estate prices and stock priceshas changed after the outbreak of the crisis by using data from the Turkish market. The results based on athreshold cointegration framework indicate that while both effects exist during the pre-crisis period,only a credit-price effect is observed during the crisis period. Moreover, theŞndings are sensitive towhether or not one allows for asymmetric error correction
dc.identifier.endpage40
dc.identifier.issn1303-0701
dc.identifier.issn1305-8800
dc.identifier.issue1
dc.identifier.startpage33
dc.identifier.urihttps://hdl.handle.net/20.500.14719/5660
dc.identifier.volume16
dc.language.isoen
dc.relation.journalCentral Bank Review
dc.subjectİktisat
dc.titleThe relationship between stock and real estate prices in Turkey: Evidence around the global Şnancial crisis
dc.typeResearch Article
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