The current study revisits the Turkish crises in last two decades. Most crucial fact was found that the dynamic relationship between Turkish stock market and Turkish Foreign exchange markets exists. As an empirical part, the study analyzes this relationship and made use of one of most advanced applied econometric models in order determine this dynamic linkage. The study also brings focus to volatility contagion spillover effect around Turkish financial crisis in last two decades. In order to determine such dynamic relationship, the Multivariate GARCH model is used in the study. The Istanbul...