Abstract
In this study, it’s aimed to determine the cointegration relationship between cryptocurrencies and BIST 100. For this purpose, the BIST 100 index closing score for a total of 1001 business days between 01.01.2018 and 31.12.2021 and the prices of the five cryptocurrencies (Bitcoin, Ethereum, Binance Coin, TETHER, Cardano) with the highest market value as of 31.12.2021. A data set was created and analyzed with the ARDL bounds test model. Before the ARDL bounds test, the extent to which the variables are stationary was tested with the Extended Dickey Fuller (ADF) unit root test. Accordingly, the variables used in the study showed stationarity at the first difference. Then, with the F bounds test, it was tested whether there was a cointegration relationship between the variables. As a result of the boundary test applied to 12 different models, it was seen that there was no cointegration relationship between cryptocurrencies and BIST 100.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: Cankiri Karatekin Universitesi Iktisadi ve Idari Bilimler Fakultesi Dergisi
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
