Abstract:

In this study, a financial uncertainty index was prepared in order to measure the financial uncertainties in developing countries. This uncertainty index prepared with the International Monetary Fund (IMF) was compared with the world uncertainty. BİST100 as a variable in the creation of the uncertainty index CDS Turkey (2nd Annual), EMBI Turkey, Government Debt Securities Interest rate government securities (2 years), VIX Fear Index, and the USD / TRY exchange rate was used. 12-year (2010-2021) Financial Uncertainty Index for Turkey using daily data for a period of variable (TRFBE), was created in the calculation of financial uncertainty. The correlation between the indexes of this index BIST and the index of the introductory page has been examined. It is seen that the fluctuations of uncertainty that are effective in the TRFBE index prepared in the study are caused by foreign policy, especially terrorism. The relationship between the TRFBE index and the XBANK and XU030 indices was determined to be negative, while the relationship between the XUSIN, XUTEK, and XGIDA indices was found to be positive.

Keywords: