ABSTRACT

The Global Financial Crisis, which began in the United States in 2007, had become a major problem affecting many institutions and organizations in the U.S, which led into bankruptcy, or takeovers of many corporations. Global Financial Crisis not only affected U.S., but also it adversely affected in the world economy and the economies of developing countries.

Turkey's economy, being an open economy to world markets was also influenced by global financial crises. Although the strength of this effect was in the size that would destroy all the economic gains, -like all of economic crises- was less destructive thanks to the precautions and measures taken on short hand. In particular, the measures of financial nature are the main reason why Turkey's economy is less affected by the global financial crises.