Central Bank of the Republic of Turkey monetary policyafter the 2008 financial crisis practices

The 2008 global financial crisis has caused changes in central banks. In this study, the changes experienced in the CBRT were discussed after the 2008 financial crisis. In the aftermath of the crisis, the aims and instruments of the CBRT monetary policy changed. Discussions of the concept of financial stability emerged after the crisis of 2001 in terms of the CBRT became more evident after the 2008 crisis and the aim of the CBRT monetary policy was price stability and financial stability. It has begun a new era in the aftermath of the crisis by making changes in its instruments as well as its aims. In addition to traditional monetary policy tools, the central bank used non-traditional policy tools such as ROM, Interest Rate Corridor, and required reserve ratios. The aim of this study is to analyze within the monetary policy implemented by the CBRT after the crisis. The study is divided into three sections, the first chapter deals with the concept of crisis and attempts to explain it. In the second part, money, monetary policy, policy instruments and central banks were tried to be explained. In the third and last section, the applications of CBRT were taken after the crisis. Within the scope of the study, the monetary policy implemented from the beginning of the crisis until the year 2017 was discussed. In the last part of this study, it was seen that the Central Bank successfully intervened by integrating traditional and new monetary policy tools into one another and taking rapid action in economic development.