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TRANSCRIPT
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2001 ECONOMIC CRISIS OF TURKEY
CİHAN OĞUR
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WHAT IS THE ECONOMIC CRISIS
A situation in which the economy of a country experiences a sudden downturn brought on by a financial crisis
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ECONOMIC CRISIS EFECT PEOPLE
People affected by economic crisis
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REASONS OF 2001 ECONOMIC CRISIS OF TURKEY
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ECONOMICAL REASONS
BANK’S MANAGEMENT
MACRO ECONOMİC CONDİTİON
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BANKS WERE MANAGED BADLY
Banks grant loan too much Liquity crisis occur
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BANKS MADE LOSS
Some public banks made loss such as ziraat bank and halkbank
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MACROECONOMIC SITUATIONS’ EFFECTS
Low in
tere
s
incr
ease
dem
and
İnflation force economy
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POLITICAL REASONS
Bad Management
Discussion
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ECONOMY MANAGED UNSUCCESSFUL
Government tried to conceal the making loss publics banks
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DISPUTE WITH IN STATE
Coalition
Because of coalition, discussion was inevitable
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DISPUTE WITH IN STATE
Crisis started that President of the Republic flung constitutional charter to prime minister
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RESULTS OF 2011 ECONOMIC CRISIS OF TURKEY
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SOME MACROECONOMIC SITUATION OCCURED
Inflation
Increased
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MACROECONOMIC SITIUTION
Unemployment increased too much
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TURKEY RATE WAS REDUCED
Credit rating agencies reduced TURKEY rate
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GOVERNMENT POLITICS CHANGED
Kemal Derviş was named head of the economy
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FLOATING POLITIC CHANGED
Floa
ting
exch
ange
rate
regi
me
inco
me
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BANKİNG WAS ORGANİZED
BDDK was esta
blished
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CONCLUSİON
Because of these conditions public had psychological problems.