FINANCIAL INSTABILITY AND SHADOW BANKING RELATIONSHIP: THE CASE OF THE UNITED STATES OF AMERICA

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dc.contributor.authorYalçın, Selçuk
dc.contributor.authorOkur, Fatih
dc.date.accessioned2024-10-04T19:05:22Z
dc.date.available2024-10-04T19:05:22Z
dc.date.issued2024
dc.departmentBayburt Üniversitesien_US
dc.description.abstractThe impact of shadow banking on financial stability remains a controversial issue today due to the size and complexity of these activities and the inadequate regulatory frameworks for systemic risks. In this context, shadow banking has become the focus of financial regulators due to its potential effects on financial stability. Therefore, this study was conducted to understand the impact of shadow banking on financial stability. In this study, the relationship between shadow banking and financial instability is examined using the VAR method for the example of the United States, covering the period 2000-2020. In order to create an accurate model, firstly unit root tests were performed, followed by autocorrelation and heteroscedasticity tests. The findings were found to be significant and Johansen cointegration test was applied. In the cointegration results, it was seen that the series were cointegrated, that is, they moved together in the long run. Finally, a Granger causality test was conducted between shadow banking and financial instability, and according to the empirical findings, it was concluded that there was a causality from shadow banking to financial instability for the period in question.en_US
dc.identifier.doi10.18092/ulikidince.1393808
dc.identifier.endpage214en_US
dc.identifier.issn1307-9832
dc.identifier.issn1307-9859
dc.identifier.issue42en_US
dc.identifier.startpage207en_US
dc.identifier.trdizinid1225858en_US
dc.identifier.urihttps://doi.org/10.18092/ulikidince.1393808
dc.identifier.urihttps://search.trdizin.gov.tr/tr/yayin/detay/1225858
dc.identifier.urihttp://hdl.handle.net/20.500.12403/4375
dc.indekslendigikaynakTR-Dizinen_US
dc.language.isoenen_US
dc.relation.ispartofUluslararası İktisadi ve İdari İncelemeler Dergisien_US
dc.relation.publicationcategoryMakale - Ulusal Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectFinancial Instabilityen_US
dc.subjectShadow Bankingen_US
dc.subjectVARen_US
dc.titleFINANCIAL INSTABILITY AND SHADOW BANKING RELATIONSHIP: THE CASE OF THE UNITED STATES OF AMERICAen_US
dc.typeArticleen_US

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