New Research on Global Financial Markets by Our Department

The article titled "Herd investing and market inefficiency in forex markets over the COVID-19 outbreak: the multifractality analysis," authored by Assoc. Prof. Onur Özdemir and Ress. Asst. Selin Yalçıntaş from the Department of International Trade and Finance at Istanbul Gelisim University, has been published in the prestigious journal SN Business & Economics.

The study examines the impact of the COVID-19 pandemic on the world's top five exchange rates (USD/EUR, USD/GBP, CNY/USD, JPY/USD, and CHF/USD). Utilizing multifractality analysis, the research compares data from before and after the first lockdown to scrutinize herd investing behavior and market inefficiency. The findings reveal that following the initial lockdown, herd behavior intensified in pairs such as USD/EUR and CHF/USD, leading to increased market vulnerability.

We congratulate our faculty members on this significant academic contribution and wish them continued success.