Monetary Policy

Economic activities are a phenomenon that has always existed among people since the birth of humanity, but encountered in different ways. In the framework of the changing world order, the order of purchase and sale of services and goods has affected people’s daily lives by varying. In the economic process that started in the late 1970s and covered a long period until the end of the 1990s, all countries of the world, especially developed countries, implemented various economic reforms by following liberal policies in their financial systems. This process has been called the “financial liberalization system” in general, and governments have affected the economy with their decisions in different periods. The liberalization process, which is the most basic principle of the economic order, continued to show its maximum effect, especially in the late 1990s, although the applicability of a coordinated time planning in the world conjuncture was poorly achieved. With the re-developing world order within the framework of the globalization phenomenon, the rate of integration of the countries that continued their development process into the new economic system increased and the market volume expanded, and as a disadvantageous result of this situation, market vulnerabilities reached the highest level.