Özet:

Since the 1980s, when globalization has accelerated, financial crises have become more frequent. Regional or industrial crises can spread to very broad areas as a result of the deepening and more interdependent markets. The crisis that began in 2008 in the U.S. housing market has soon hit the entire U.S. economy, and then a global dimension, into the world financial system. Although the crisis has occurred in the world’s largest economy, it has also been felt in significant dimensions in developing countries. As the financial system in Turkey is not as deep as in the United States and the reforms made after the 2001 crisis, the global crisis has been experienced in more different dimensions. Unlike the authorities that determined the economic policies of the period, the crisis has not affected and profoundly affected Turkey. While the presence of strong control mechanisms in the Turkish financial sector causes the crisis to feel less in this area, the decline in the worldwide volume of trade has produced negative effects especially in the production and export sector. In this context, the study examined the financial crises and the effects on Turkey.