Capital based cri̇ses and their in post 1980 Turkey's economy

Encountering financial crises particularly over the last few decades with onset of financial liberalization,the World had to combat with banking crises which appear to ocurred more frequently in the 90's. This led to controversial debates related to crises and new explanatory models have been created as the crises happen to emerge. In this study,how the economic crisis has emerged in an environment, causes and effects have been investigated. By 1980, financial globalization trend exposed in many parts of the world and that brought notion of the crises into focus. Therefore, stages, effects and causes of the crises became the primary interest of economists. Exchange Rate Mechanism crisis, experienced in Europe as an important financial crisis, the financial crisis of Latin America realized as a consequence of unsuitable economic programs, Southeastern Asia Crises began in Thailand and spread to the region, Russian crises influenced by the Southeastern Asia Crisis are some of the crises experienced in the globalized world. While some precautions against the crisis worked, some of them failed by making conditions worse. After 1990 developing economic policies and structural transformation applications are examined,the economic crisis has been analyzed for Turkey. After 1990,being the first serious crises that have the attributes 1994,1998,2000,2001 and 2008 crises in Turkey,economic and social costs were very high and big lossses caused by the application of the stabilization program in re-back to be un successfull as the consequences were observed. Financial crises are so important for global economy. The crises may cause serious problems for national economies. Besides, international financial markets become integrated with the power of globalization and because of that crises quickly expand into other countries. By comparing the 1929 crash, financial crisis of 2008 was more destructive and developing and developed countries were deeply affected by that. Keywords:economic crises,financial crises,causes of the crises, effects of financial crises, results of the crises cial crises in Turkey, The financial crash of 2008, Global Financial crises