The regulation of international monetary system has been needed by the countries due to the financial problems and IMF was established by 44 countries in 1944 in Bretton Woods. While the institution was regulating the borrowing and lending actions between the countries proposes some programs to the borrowing countries. These programs aim to cover the borrowing countries’ imbalances and instabilities in their economies while consider about the lending countries. Some countries have faced with the economic crises after application of the IMF stabilization programs. In this study, Mexico, South East Asia, Russia, Argentina and Turkey crises have been analyzed. The common feature of these crises was occurred after applying the stabilization programs.