Abstract:This paper reinvestigates the stock-bond nexus using 605 weekly observations of stock index prices and the 2-year benchmark rate of Turkey over a sample period covering April 1, 2005, and December 30, 2016. By conducting a novel approach, wavelet analysis, we aimed to offer a deeper understanding of the relationship considering the investor's heterogeneities on investment periods. The results show weekly positive averages for all stock index returns but negative average for bond yields over time. Wavelets vari… Show more
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