Financial crisis and determinant factors of financial crisis: The case of Turkey

Financial crisis taking place in more frequent intervals throughout the world has led to researchers? focusing on the point. The main point a great deal of researchers? stressing towards financial crisis is that they are mainly derived from triggering variety of factors each other. Hence,there is no agreement about what the fundamental parameters are.The purpose of the study is to in Turkish financial sector for crisis occuring between 1992 and 2009, find the most effective macroeconomic factors which determine financial crisis. In order to reach this goal, the possibility of the factors which might lead to crisis in current literature have been tried to find by implementing Logistics Regression Model.The results of the study are appropriate in terms of economic expectations and the literature. According to the Logistics Regression Model results, the macroeconomic factors that increase the possibility of crisis are short term deposit interest rates, exchange rates and loan volume. Therefore,crisis in the past were able to be correctly anticipated. As a conclusion, It is possible to anticipate whether there will be crisis before hand thanks to Logistics Regression Model