Bu çalışmada, Türkiye’de bölgesel sınıflandırmada Kuzeydoğu Anadolu Bölgesi olarak adlandırılan ve Erzurum, Erzincan Bayburt illerini kapsayan TRA1 bölgesi için 2013-2020 yılları arası aylık reel konut fiyat endeksi kullanılarak piyasasında balonunun oluşup oluşmadığı incelenmiştir. SADF GSADF sağ kuyruklu birim kök testlerinin kullanıldığı analiz sonucuna göre çoklu balonları gözlemlenmiştir. ...

Amid surging market values and widespread regulatory discussion, NFT DeFi markets are widely perceived as being simply speculative in nature. This paper detects the existence dates of price bubbles by applying SADF GSADF tests. We document that both exhibit bubbles, with more recurrent having higher average explosive magnitudes than bubbles. The highly correlated hype general cryptocurrency unc...

This study explores the bubble behavior in prices of top five cryptocurrencies (i.e., Bitcoin, Ethereum, Ripple, Stellar, and Tether) using daily data closing level at COVID-19 pandemic, covering period from January 2, 2020 to 2021. The testing procedure selected is investigated by two methodologies. Those covers test statistics originated Supremum Augmented Dickey-Fuller (SADF) (Phillips et al...

For risk management and stable pricing in the cryptocurrency market, it is necessary to determine interdependence of speculative behaviour crypto assets. The correlation high volatility caused by financial assets market can lead spreading risks. study aims measure spillover effect prices market. used SADF test, generalized Dickey-Fuller test (GSADF), frequency domain causality Breitung Candelon...