Financial fragility and the case of Turkey

Fragility means negative effect that is caused by unforeseen circumstances. It is studied in two subjects as economical and financial fragility. Economical fragility has two different subjects: macro economical and micro economical fragility. Although it appears as two different terms, they are both interwoven. Financial fragility, the main subject of this study, is defined and explained differently in main steam economics theory and Post Keynesian economics. Frequently used in recent years, the term financial fragility prevents financial crises. In this context, many indicators have been created by economists and it is aimed to explain and anticipate financial fragility using different approaches. The aim of this study is to study the financial fragility in its all aspects, starting from the concept of fragility. In the first two chapters, the concept of financial fragility is theoretically explained. In the last part, it is analyzed by logit model between the eras 1998 (Q2)-2017 (Q1) using nine indicators.