Under the consultancy of Banking and Insurance Department Head Asst. Prof. Dr. Lokman Kantar, department students Buse Avşar, Gülçin Yılmaz and Ender Dik became a finalist in the TÜBİTAK-2242 University Students Research Project Competition with their project "Examination of the Volatility Spillover of Bitcoin and Alternative Investment Instruments".
A total of 511 projects were evaluated by the assigned jury members in the TÜBİTAK-2242 University Students Research Project Competitions. As a result of the preliminary evaluation, a total of 115 projects in nine fields were entitled to participate in the final competition. The projects of the students of the Banking and Insurance Department were among the 11 projects that were finalists in the main field of “Social Innovation and Entrepreneurship”.
Buse Avşar, Gülçin Yılmaz and Ender Dik, with their project "Examination of the Volatility Spillover of Bitcoin and Alternative Investment Instruments", which they prepared under the consultancy of Department Head Asst. Prof. Dr. Lokman Kantar, aimed to reveal the volatility spillover effect on the returns of Bitcoin and alternative investment instruments. (Bonds, Deposits, Ons, USD, EURO, BIST100). The deviation from the average in the returns of investment instruments is expressed as volatility.
The volatility spillover was analyzed with the DCC GARCH model, known as the multivariate GARCH model. According to the findings of the research, a positive and high volatility spread was observed between the Bond and Deposit rate, USD and EURO. A negative volatility spillover was observed between ONS and BIST100, between USD and EURO and BIST100.
Investors were given information about which products would have a linear or inverse relationship if the relationship between the project and the volatility of investment instruments was determined. It is particularly crucial to figure out which investment instruments are affected by the volatility of a financial investment instrument that is more risky than other investment instruments such as Bitcoin, or which investment instruments are affected by it in order to guide investors who will invest in this highly debated digital currency.
For Evaluation Results:
Translator’s Note: TÜBİTAK (Scientific and Technological Research Council of Turkey)
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