The Effect of Interest Rate, Us Dollar, Euro And Bist 100 on Banking Index: An Application on Turkey

Abstract

In this study; the relation of the Bist Banking Index with the interest rates, US Dollar, Euro and
Borsa Istanbul (BIST 100) is examined. In the study, which uses the daily data for 2015 - 2018, the relationship among the variables used is tested by multiple linear regression analysis. According to findings, ıt was found that The Bist Banking Index had a negative relationship with U.S. Dollar and this relationship to be statistically significant, a positive relationship with the rate of interest and this relationship to be statistically 10% significant margin of error, a negative relationship with Euro but this relationship not to be statistically significant. Finally, it is found that the Bist Banking index has a positive relationship with Borsa Istanbul and this relationship is statistically
significant.