Özet:

This study evaluates empirical approaches to monetary and financial crises. The study first separates the types of crisis and then the second generation of crisis models are studied. In this framework, the crisis indicators used in empirical models aimed at predicting financial crises and reducing their costs are investigated and grouped. The second-generation models are divided into three separate groups as models that measure signal capture, the origins of the crisis and the probability of the crisis. This study aims to create resources for researchers who will conduct empirical research in the field of monetary and financial crisis.