Financial crisis and financial fragility in emerging markets

In this study ,which is discussed under the main heading /title of financial vulnerability , the description of financial fragility will be explained first, following by the financial vulnerability hypotheses established in a historical context. In addition to this ,Minky's "Financial Instability Hypothesis" and his model will be the main topic while analyzing various macro and micro vulnerability models in the articles. Again, much discussed liquidity trap will be discussed when examining macroeconomic measures of financial vulnerability. Although each country's own banking system and exchange-reserve system are modeled, the priority here is to emphasize the common features of these countries. Finally, the financial vulnerability for developping countries will be analyzed within the study which will end by comparison to developed and OECD countries, within the relationship between fragility and financial crises.