Kredi Temerrüt Takası İle Ülke Alt Sektör Endeksleri Arasındaki İlişkilerin Belirlenmesi: BIST’te Yer Alan Sektörler Üzerinde Analitik Bir İnceleme

Abstract

The purpose of this study is to determine whether there is any interaction between the Country Credit Default Swap (CDS) score values and the primary and sub-sector indices in the country. In this study, it was sound hat there is there is a causality relationship between CDS score values and about all industry index values analyzed after examining CDS values representing the borrowing costs in Turkey and the relationship between primary sector index values, which are the basic indicators of the country's economy.This situation can be evaluated as the high country CDS premium negatively affects the resource cost for the activities of companies in all sectors that produce goods and services in the country, and similarly, changes in the production sector in the country affect the country rating and thus the CDS score value.