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2001 ECONOMIC CRISIS OF TURKEY

CİHAN OĞUR

WHAT IS THE ECONOMIC CRISIS

A situation in which the economy of a country experiences a sudden downturn brought on by a financial crisis

ECONOMIC CRISIS EFECT PEOPLE

People affected by economic crisis

REASONS OF 2001 ECONOMIC CRISIS OF TURKEY

ECONOMICAL REASONS

BANK’S MANAGEMENT

MACRO ECONOMİC CONDİTİON

BANKS WERE MANAGED BADLY

Banks grant loan too much Liquity crisis occur

BANKS MADE LOSS

Some public banks made loss such as ziraat bank and halkbank

MACROECONOMIC SITUATIONS’ EFFECTS

Low in

tere

s

incr

ease

dem

and

İnflation force economy

POLITICAL REASONS

Bad Management

Discussion

ECONOMY MANAGED UNSUCCESSFUL

Government tried to conceal the making loss publics banks

DISPUTE WITH IN STATE

Coalition

Because of coalition, discussion was inevitable

DISPUTE WITH IN STATE

Crisis started that President of the Republic flung constitutional charter to prime minister

RESULTS OF 2011 ECONOMIC CRISIS OF TURKEY

SOME MACROECONOMIC SITUATION OCCURED

Inflation

Increased

MACROECONOMIC SITIUTION

Unemployment increased too much

TURKEY RATE WAS REDUCED

Credit rating agencies reduced TURKEY rate

GOVERNMENT POLITICS CHANGED

Kemal Derviş was named head of the economy

FLOATING POLITIC CHANGED

Floa

ting

exch

ange

rate

regi

me

inco

me

BANKİNG WAS ORGANİZED

BDDK was esta

blished

CONCLUSİON

Because of these conditions public had psychological problems.