An essay on the models used in the analysis of economic crises: The case of Türkiye

Although there has been a significant increase in the economic crises that have occcured at the global level since the 1990s, various models have been developed to explain the underlying causes of economic crises. At this point, studies in the literature have focused on determining the explanatory level of macroeconomic indicators to assess the fragility of the financial sector as a result of economic crises or to determine the degree of impact on the economy due to macroeconomic shocks. Therefore, the relevant study in addition to examining the methodological infrastructures of the crisis models in the literature explanation of economic crises, was provided to explore the empirical studies in the literature for economic crises. Thus, it is thought that the study titled 'An Essay on the Models Used In The Analysis of Economic Crises: The Case of Türkiye' will be useful in terms of presenting the performance of various macroeconomic and financial indicators for financial crises that took place in the historical process from the perspective of the studies in the literature. Finally, it was preferred to examine the studies conducted with the 'Signal Approach Method' and 'Probit Model Method', which are standard approaches in the examination of economic crisis periods. Instead, unlike the relevant model, it is thought that comparative analysis of methods such as the 'Markov Switching Model' and 'Artificial Neural Network' with the 'Probit Model Method' will provide more important findings.