A total of 511 projects were evaluated by the jury members of the TUBITAK-2242 University Students Research Project Competitions this year. As a result of the preliminary evaluation, a total of 115 projects in nine fields were qualified to participate in the final competition. The projects of the students of the Department of Banking and Insurance were among the 11 finalist projects in the main field of Social Innovation and Entrepreneurship.
Buse AVŞAR, Gülçin YILMAZ and Ender DİK, Head of the Department Asst. Prof. Lokman KANTAR, Head of the Department, with their project "Investigation of Volatility Spread of Bitcoin and Alternative Investment Instruments", aimed to reveal the volatility spread in the returns of Bitcoin and alternative investment instruments (Bonds, Deposits, Ounce, USD, EURO, BIST100), that is, the effect of volatility in one investment instrument on the volatility of the other investment instrument. The deviation from the average in the returns of investment instruments is referred to as volatility.
Volatility spillover is analyzed with the DCC GARCH model, known as the multivariate GARCH model. According to the findings of the study, a positive and high volatility spread is observed between Bonds and Deposit interest rates, USD and EURO. A negative volatility spillover is observed between ONS and BIST100, USD and EURO, and BIST100.
If the relationship between the volatilities of investment instruments is determined with the project, investors are provided with the opportunity to have information about which products will have a linear or inverse relationship. In particular, determining which investment instruments affect the volatility of a financial investment instrument such as Bitcoin, which is riskier than other investment instruments, is important in terms of guiding investors who will invest in this digital currency, which is very controversial.
We congratulate our students and wish them success!
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