Evaluation of the yield and volatility propagation of the emerging and emerging economies in the equity markets in terms of changes in crude oil prices and the dollar exchange on BIST 100 and S&P 500 indices

The globalization process has shown its effects by penetrating almost all areas of life worldwide. However, the changes and developments experienced with the globalization process have manifested itself in the financial field, which is one of the most part of the global economic system. With the globalization of finance, the borders between international markets have disappeared, an international competitive environment has been created and international capital movements have accelerated. These changes and developments in the financial system have created a new economic order in which countries are more interconnected day by day. This situation reveals that the developments in the financial markets should be followed more closely. In this study, it is aimed to examine the effect of the spread and volatility spread on the exchange rate of the dollar exchange rate (USD / TL) and the change in crude oil prices as of 02.01.2008 - 31.12.2017 and the BIST 100 and S&P 500 indices that are selected to represent the developed and emerging share market. The effects on EGARCH type volatility model were investigated.