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Öğe Leading Indicators of Financial Crises and Affecting Channels of Countries Economies: The Case of Turkey(Maliye Bakanligi, 2010) Yucel, Fatih; Kalyoncu, HueseyinIn a globalizing world, several crises with different causes and consequences have been experienced in the last century. It can be considered that financial crisis arising in a country spread to other countries as a result of financial and commercial globalization. Crisis is a situation where countries' economies floating in the sea of globalization are caught to financial storms at different severity levels.The question to be answered at this point is Does crises give a signal before it comes? In this paper, we will investigate the answer of this question. In the related literature, the existence of various leading indicators is discussed. In this context we will investigate the channels through which crisis spread to the Turkish economy in the light of leading indicators.