Early warning systems for economic crises

In this study, it was analyzed whether significant signs could be received concerning the crises by observing movements of the chosen indicators with early warning systems. Logit model was used in this study. Concerning 2001 and 2008 crises Turkey has experienced, the monthly data between years 2001 and 2010 were used.According to the test result, among the indicators; loan / reserves (loan), percentage change in real exchange rate (exchange rate) and percentage change in Istanbul Stock Exchange (ISE) -100 index were significant at 5%, while the ratio of exports to imports (dt) was significant at 10%. It can be concluded that in Turkey a decrease in loan,exchange rate, ISE or an increase in dt increases the probability of a crisis.During the study mostly internet research was used for data collection and several internet addresses were referred to as a source. In addition library research method was used and literature research was performed. At this scope, several sorts of book and articles concerning the subject were investigated.Keywords: Economic crises, Early warning systems, Exchange rate pressure index,Logit model.