TY  - JOUR
T1  - IMPACT OF COVID 19 ANNOUNCEMENTS AND GOVERNMENT RESTRICTIONS ON CDS PREMIUMS OF BRICS-T COUNTRIES
TT  - COVID-19 DUYURULARININ VE HÜKÜMET KISITLAMALARININ BRICS-T ÜLKELERİNİN CDS PRİMLERİ ÜZERİNDEKİ ETKİSİ
AU  - Özer, Nevin
AU  - Özer, Ali
AU  - Kartal, Osman
AU  - Çömlekçi, İstemi
PY  - 2025
DA  - January
Y2  - 2024
DO  - 10.31671/doujournal.1499782
JF  - Doğuş Üniversitesi Dergisi
JO  - DOUJ
PB  - Doğuş Üniversitesi
WT  - DergiPark
SN  - 1308-6979
SP  - 303
EP  - 313
VL  - 26
IS  - 1
LA  - en
AB  - In 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.
KW  - BRICS-T
KW  - CDS Premiums
KW  - Covid-19
KW  - Government Restrictions
N2  - In 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.
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UR  - https://doi.org/10.31671/doujournal.1499782
L1  - https://dergipark.org.tr/tr/download/article-file/3999492
ER  -