The Effect of 2008 Global Crisis on Volatility of Private Pension Funds: A Case of Turkey
Makaleler > Tam Makale · 2018
Yazarlar: ORKUN ÇELİK, ELİF ERER, DENİZ ERER
Sosyoekonomi, Uluslararası, 2018, ss 139-152
DOI: 10.17233/sosyoekonomi.310266
Özet
The aim of study is to analysis the effect of global crisis on private pension system in Turkey. This is covered 05.01.2014-18.11.2016 (Weekly) period and is employed by ARMA(9,8)- EGARCH(1,1) model. It is infered from the results that global financial crisis increased the volatility of private pension funds. This situation states that global financial crisis affected negatively private pension funds.