The monetary policy of CBRT and effect to growth after the great recession

The Great Recession process, which began in the United States in 2008, is defined as the most devastating financial crisis since the 1929's Great Depression. Following the explosion of a speculative bubble in the real estate market, the effects of the crisis spread throughout the world through international financial markets. It has started to be discussed in terms of traditional monetary policies, aims, tools and designs and has undergone a significant change. Change has evolved within the framework of non-traditional and macroprudential monetary policies and the role of central banks in economies has once again come to the forefront. The designs of non - traditional - macroprudential monetary policies have varied from country to country and are naturally reflected in the macroeconomic magnitudes of economies. In this study, firstly, the place of financial crisis concept in the literature and the major financial crises experienced in the world will be examined, then the qualifications of the 2008 Great Recession will be examined and the monetary policies in the intervention to the crisis will be investigated. In line with the CBRT's crisis and subsequent monetary policy, the impact of monetary policy in the 2011 (M1) - 2017 (M12) period on economic growth through financial transmission channels will be tested.