Banking and Financial Crisis in Turkey from 1929 to 2007: "Impact Which Does Not Kill You Makes You Stronger"‪.‬

INTRODUCTION Since the Turkish Republic was established, it has faced banking and finance crisis due to both external developments in foreign countries and internal political and economical developments. Nation's weakly constituted finance and banking sectors whose shareholder's equity was inadequate were damaged in each crisis and suffered losses. The most recent crisis indicates that Turkey has been in a crossroads. Now it is impossible to solve the crisis with former political and economical policies. Moreover, we do not obtain the chance to suffer and overcome crisis on our own as it used to be. Considering the effect of the crisis on February 19 on foreign markets, we are obliged to solve the crisis we created and hinder the factors that form them as well. With globalization financial crisis may spread to other nations like a contagious sickness. In this study, it is aimed to examine the banking and finance crisis from 1929 to the very last crisis. Some of these crises were foreign-origin and affected banking and finance sectors considerably. After 90s, there has been a considerable rise in financial crisis due to progresses around the world and internal economical policies.