EFFECTS OF ECONOMIC CRISES AND APPLIED MONETARY POLICIES IN TURKEY

Abstract

Although economic crises occur due to unexpected effects in the country's economies, it is known that they also bring negative situations. Businesses operating in the economy of the relevant country may also be affected by these crises. In this context, crises that occur in countries can cause significant problems for businesses operating in these countries. As a result, important problems can be experienced in the socio-cultural perspective, the purchasing power of the people decreases, the unemployment of many people and the high rates of poverty come to the fore. Economic stability can be ensured by the effective and efficient implementation of monetary policies in countries. Especially when it is considered in terms of developing country economies, it is important that monetary policies are effective and financial structures are strong in regulations on short-term capital movements. In the study, annual percentage rates of GDP in Turkey between 1999 and 2020 were discussed by using the World Bank data, and between the years 2000-2020, there were explanations based on the percentage inflation rates in Turkey. The aforementioned data were compiled and comments were made by associating them with the literature on the Turkish economy.