Gelişen ve Sınır Piyasalarda Risk Aktarımı ve Volatilite Yayılımlarının Haritalanması: Bibliyometrik Bir Perspektif

Yıl 2026, Cilt: 10 Sayı: 1, 282 - 298, 26.03.2026

Gökhan Berk Özbek

https://doi.org/10.30586/pek.1847072

https://izlik.org/JA43RG98ZP

Öz

Bu çalışma, gelişmekte olan ve sınır piyasalarda risk aktarımı ve volatilite yayılımları üzerine akademik literatürün kapsamlı bir bibliyometrik analizini sunmakta olup, finansal serbestleşme ve sınır ötesi sermaye akımlarının piyasa bağımlılıklarını ve sistemik kırılganlıkları nasıl yoğunlaştırdığını incelemektedir. Web of Science Core Collection'dan elde edilen veriler kullanılarak, 2005-2025 yılları arasında yayımlanmış 687 makale VOSviewer yazılımı aracılığıyla uygulanan gelişmiş bibliyometrik tekniklerle analiz edilmiştir. Analiz, yayın eğilimlerini haritalandırarak, önde gelen katkı sağlayanları tanımlayarak ve anahtar kelime birlikte oluşumu, ortak atıf ve bibliyografik eşleştirme ağları aracılığıyla tematik yapıları ortaya çıkararak alanın entelektüel manzarasını sistematik bir şekilde haritalamaktadır. Bulgular, gelişmekte olan piyasalar üzerinde belirgin bir araştırma yoğunlaşması olduğunu, sınır piyasaların ise önemli ölçüde az keşfedilmiş kaldığını göstermektedir. Metodolojik olarak alan, zamana bağlı değişen ve doğrusal olmayan ekonometrik çerçeveler, özellikle DCC-GARCH, BEKK-GARCH ve bağlantılılık yaklaşımları tarafından domine edilmekte olup, bu durum literatürün dinamik ve asimetrik risk aktarım mekanizmalarını yakalamaya verdiği önemi yansıtmaktadır. Anahtar kelime analizi, kriz dönemlerinde finansal bulaşma, portföy çeşitlendirme stratejileri ve makroekonomik bağlantılar etrafında merkezi temaları ortaya koyarken, emtialar, kripto paralar ve yeşil finans gibi konular çevresel temalar olarak belirlenmektedir. Çalışma, finansal istikrar çerçeveleri tasarlayan politika yapıcılar, çeşitlendirme fırsatları arayan yatırımcılar ve giderek daha bağlantılı hale gelen küresel finansal sistemde gelecek araştırmalar için umut verici yollar belirleyen araştırmacılar için değerli içgörüler sağlamaktadır.

Anahtar Kelimeler

Volatilite Yayılımları , Risk Aktarımı , Gelişen Piyasalar , Sınır Piyasalar , Bibliyometrik Analiz

Mapping Risk Transmission and Volatility Spillovers in Emerging and Frontier Markets: A Bibliometric Perspective

https://izlik.org/JA43RG98ZP

Öz

This study presents a comprehensive bibliometric analysis of the academic literature on risk transmission and volatility spillovers in emerging and frontier markets, examining how financial liberalization and cross-border capital flows have intensified market interdependencies and systemic vulnerabilities. Using data from the Web of Science Core Collection, 687 articles published between 2005 and 2025 were analyzed using advanced bibliometric techniques implemented via the VOSviewer software. The analysis systematically maps the intellectual landscape of the field by examining publication trends, identifying leading contributors, and revealing thematic structures through keyword co-occurrence, co-citation, and bibliographic coupling networks. Findings indicate a pronounced research concentration on emerging markets, while frontier markets remain significantly underexplored. Methodologically, the field is dominated by time-varying and non-linear econometric frameworks, particularly DCC-GARCH, BEKK-GARCH, and connectedness approaches, reflecting the literature's emphasis on capturing dynamic and asymmetric risk transmission mechanisms. Keyword analysis reveals central themes around financial contagion during crisis periods, portfolio diversification strategies, and macroeconomic linkages, while peripheral topics include commodities, cryptocurrencies, and green finance. The study provides valuable insights for policymakers designing financial stability frameworks, investors seeking diversification opportunities, and researchers identifying promising avenues for future investigation in an increasingly interconnected global financial system.

Anahtar Kelimeler

Volatility Spillovers , Risk Transmission , Emerging Markets , Frontier Markets , Bibliometric Analysis

Kaynakça

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