{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,2,13]],"date-time":"2026-02-13T20:09:42Z","timestamp":1771013382607,"version":"3.50.1"},"reference-count":126,"publisher":"Emerald","issue":"4","license":[{"start":{"date-parts":[[2019,1,16]],"date-time":"2019-01-16T00:00:00Z","timestamp":1547596800000},"content-version":"tdm","delay-in-days":0,"URL":"https:\/\/www.emerald.com\/insight\/site-policies"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["K"],"published-print":{"date-parts":[[2019,1,16]]},"abstract":"<jats:sec>\n<jats:title content-type=\"abstract-subheading\">Purpose<\/jats:title>\n<jats:p>This paper aims to examine the impact of the Greek economic crisis on the sustainability of the Turkish economy.<\/jats:p>\n<\/jats:sec>\n<jats:sec>\n<jats:title content-type=\"abstract-subheading\">Design\/methodology\/approach<\/jats:title>\n<jats:p>A generalized autoregressive conditional heteroskedasticity (GARCH) model is used over the Thomson Reuter\u2019s Turkey Index for the period of May 1999 to August 2018 using monthly data. The control variables introduced in the proposed model are the S&amp;P 500 of the US stock market and crude oil prices which are used to isolate more general systemic factors.<\/jats:p>\n<\/jats:sec>\n<jats:sec>\n<jats:title content-type=\"abstract-subheading\">Findings<\/jats:title>\n<jats:p>The structural analysis of volatility with the EGARCH model has shown that current volatility is more influenced by past volatility than by previous month shocks.<\/jats:p>\n<\/jats:sec>\n<jats:sec>\n<jats:title content-type=\"abstract-subheading\">Research limitations\/implications<\/jats:title>\n<jats:p>The results can be exploited by investors, portfolio managers and policy makers in their decision-making process.<\/jats:p>\n<\/jats:sec>\n<jats:sec>\n<jats:title content-type=\"abstract-subheading\">Originality\/value<\/jats:title>\n<jats:p>It is a first-time effort that examines the impact of the Greek economic crisis on the sustainability of the Turkish economy. The developed methodology can be used by investors, portfolio managers and policy makers in their decision-making process.<\/jats:p>\n<\/jats:sec>","DOI":"10.1108\/k-10-2018-0547","type":"journal-article","created":{"date-parts":[[2019,1,15]],"date-time":"2019-01-15T11:13:30Z","timestamp":1547550810000},"page":"1127-1142","source":"Crossref","is-referenced-by-count":1,"title":["The impact of the Greek economic crisis on the sustainability of the Turkish economy"],"prefix":"10.1108","volume":"49","author":[{"given":"Kyriaki Argyro","family":"Tsioptsia","sequence":"first","affiliation":[]},{"given":"Ioannis","family":"Mallidis","sequence":"additional","affiliation":[]},{"given":"Thomas","family":"Siskou","sequence":"additional","affiliation":[]},{"given":"Nikolaos","family":"Sariannidis","sequence":"additional","affiliation":[]}],"member":"140","reference":[{"issue":"2","key":"key2020040812203806800_ref01a","doi-asserted-by":"crossref","first-page":"163","DOI":"10.2307\/2330822","article-title":"Multivariate test of asset pricing: the comparative power of alternative statistics","volume":"25","year":"1990","journal-title":"Journal of Finance and Quantitative Analysis"},{"issue":"4","key":"key2020040812203806800_ref001","doi-asserted-by":"crossref","first-page":"839","DOI":"10.1111\/j.1540-6261.1972.tb01315.x","article-title":"The relations among equity markets: a study of share price co-movements in the United States, United Kingdom, Germany and Japan","volume":"27","year":"1972","journal-title":"The Journal of Finance"},{"issue":"4","key":"key2020040812203806800_ref002","doi-asserted-by":"crossref","first-page":"353","DOI":"10.1016\/j.ecosys.2004.08.003","article-title":"Volatility and contagion: evidence from the Istanbul stock exchange","volume":"28","year":"2004","journal-title":"Economic Systems"},{"key":"key2020040812203806800_ref003","article-title":"The political economy of Turkey","year":"2005"},{"issue":"1","key":"key2020040812203806800_ref004","doi-asserted-by":"crossref","first-page":"115","DOI":"10.1093\/rfs\/3.1.115","article-title":"The stock market and investment","volume":"3","year":"1990","journal-title":"Review of Financial Studies"},{"key":"key2020040812203806800_ref04a","first-page":"159","article-title":"Capital flows and behavior of emerging market equity return","volume-title":"Capital Flows and the Emerging Economies: Theory","year":"1998"},{"issue":"1","key":"key2020040812203806800_ref005","doi-asserted-by":"crossref","first-page":"59","DOI":"10.1080\/1744654052000314662","article-title":"Effect of S&P500\u2019S return on emerging markets: Turkish experience","volume":"1","year":"2005","journal-title":"Applied Financial Economics Letters"},{"issue":"3","key":"key2020040812203806800_ref006","doi-asserted-by":"crossref","first-page":"307","DOI":"10.1016\/0304-4076(86)90063-1","article-title":"Generalized autoregressive conditional heteroskedasticity","volume":"31","year":"1986","journal-title":"Journal of Econometrics"},{"key":"key2020040812203806800_ref007","first-page":"542","article-title":"A conditional heteroscedastic time series model for speculative prices and rate of return","volume":"9","year":"1987","journal-title":"Review of Economics and Statistics"},{"issue":"3","key":"key2020040812203806800_ref008","doi-asserted-by":"crossref","first-page":"183","DOI":"10.1080\/09603100110088085","article-title":"Does the introduction of stock index futures effectively reduce stock market volatility? 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