Berk, Istemi; Aydogan, Berna - 2012
tested the relationship between oil prices and stock market returns under global liquidity conditions by incorporating a … liquidity proxy variable, Chicago Board of Exchange's (CBOE) S&P 500 market volatility index (VIX), into the model. Variance … Turkish stock market. Rather, it was global liquidity conditions that were found to account for the greatest amount of …