CRISIS MANAGEMENT: THEORY AND THE CASE OF TURKEY

Abstract

Crisis; It is the effect of unpredictable, unpredictable changes and developments in the national or international framework on the state at the macro level, and businesses and companies at the micro level. It gives signals at certain points before crises occur. The government and companies should take crisis management measures by taking these signals into account. Otherwise, the crisis will be inevitable. Strict measures should be taken to ensure macroeconomic stability before the crisis. During the crisis, the Central Bank should restore the lost confidence in the market. In November 2000 and February 2001 crises, the Central Bank could not meet its daily liquidity needs, so banks came to the brink of bankruptcy. The applied exchange rate policy caused the crisis to deepen even more. The aim of this study; It shows the crisis management policies implemented by the monetary authorities against the heavy losses caused by the crises in the Turkish economy.