IMPACT OF COVID 19 ANNOUNCEMENTS AND GOVERNMENT RESTRICTIONS ON CDS PREMIUMS OF BRICS-T COUNTRIES

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dc.contributor.authorÖzer, Nevin
dc.contributor.authorÖzer, Ali
dc.contributor.authorKartal, Osman
dc.contributor.authorÇömlekçi, İstemi
dc.date.accessioned2025-03-24T19:48:18Z
dc.date.available2025-03-24T19:48:18Z
dc.date.issued2025
dc.departmentDüzce Üniversitesi
dc.description.abstractIn this study, the impact of changes in the number of Covid-19 cases and deaths, as well as government restrictions taken to reduce the spread of the pandemic, on the CDS premiums of BRICS-T countries, which are risk indicators, were examined. The data for the study include the number of deaths and cases as Covid-19 announcements, the stringency index calculated by the Oxford Covid-19 Government Response Tracker (OxCGRT) for government restrictions, and the CDS premium prices for Brazil, Russia, India, China, South Africa, and Turkey. For he study, Kao and Pedroni cointegration tests, Dumitrescu Hurlin and Granger causality analyses, and static panel data analysis were conducted. According to the analysis results, the cointegration tests indicate a long-term relationships between CDS premiums and case, death, strigency index of BRICS-T countries. According to the causality test results, a causal relationship from government restrictions to country CDS premiums, while no relationship could be determined from the number of cases and deaths. The static panel analysis results indicate that only government restrictions have a positive and significant effect on CDS premiums. In conclusion, the study shows that the increase in restrictions, along with the pressure of government restrictions on the economic system, increases the risk of emerging and developing countries.
dc.description.abstractIn this study, the impact of changes in the number of Covid-19 cases and deaths, as well as government restrictions taken to reduce the spread of the pandemic, on the CDS premiums of BRICS-T countries, which are risk indicators, were examined. The data for the study include the number of deaths and cases as Covid-19 announcements, the stringency index calculated by the Oxford Covid-19 Government Response Tracker (OxCGRT) for government restrictions, and the CDS premium prices for Brazil, Russia, India, China, South Africa, and Turkey. For he study, Kao and Pedroni cointegration tests, Dumitrescu Hurlin and Granger causality analyses, and static panel data analysis were conducted. According to the analysis results, the cointegration tests indicate a long-term relationships between CDS premiums and case, death, strigency index of BRICS-T countries. According to the causality test results, a causal relationship from government restrictions to country CDS premiums, while no relationship could be determined from the number of cases and deaths. The static panel analysis results indicate that only government restrictions have a positive and significant effect on CDS premiums. In conclusion, the study shows that the increase in restrictions, along with the pressure of government restrictions on the economic system, increases the risk of emerging and developing countries.
dc.identifier.doi10.31671/doujournal.1499782
dc.identifier.endpage313
dc.identifier.issn1308-6979
dc.identifier.issue1
dc.identifier.startpage303
dc.identifier.urihttps://doi.org/10.31671/doujournal.1499782
dc.identifier.urihttps://hdl.handle.net/20.500.12684/18872
dc.identifier.volume26
dc.language.isoen
dc.publisherDoğuş Üniversitesi
dc.relation.ispartofDoğuş Üniversitesi Dergisi
dc.relation.publicationcategoryMakale - Ulusal Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_DergiPark_20250324
dc.subjectBRICS-T|CDS Premiums|Covid-19|Government Restrictions|BRICS-T|CDS Primleri|Covid-19|Hükümet Duyuruları
dc.titleIMPACT OF COVID 19 ANNOUNCEMENTS AND GOVERNMENT RESTRICTIONS ON CDS PREMIUMS OF BRICS-T COUNTRIES
dc.title.alternativeCOVID-19 DUYURULARININ VE HÜKÜMET KISITLAMALARININ BRICS-T ÜLKELERİNİN CDS PRİMLERİ ÜZERİNDEKİ ETKİSİ
dc.typeArticle

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