Abstract:

2008 Financial Crisis is one of the most greatest economic depressions that the world has encountered yet due to it's global effects. We believe that monetary policy played an imported role in alleviating the effects of the crisis in the 2008 Financial Crisis. Turkish economy had positive Economic indicators before the 2008 financial crisis. So Central Bank of Turkey applied the monetary policy easily. As a result, monetary policy targeted the other economic indicators with price stability. In this process, In this process, with the start of implementation of exit strategies from the financial crisis, The Central Bank of the Republic of Turkey has aimed a policy which includes price stability and financial stability. If we evaluate the situation according to price stability, we see that the global price incrises ended up to stable inflation declines after 2001. So there has been the problem of inflation occasionaly in the period of 2008-2012. Although the expansionary monetary policy, that is applied in economic recession process, Central Bank of Turkey gived successful results; the contractionary monetary policy in economic everheating process was not enough and reached success with the contribution of supportive policies of banking regulation and supervision agency. Some of the policies have been used succesfully. These policies are used to mitigate the current account deficit and short term foreign capital that finance current account deficit between 2009-2011.

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