Küresel Piyasalarda Yaşanan Resesyon ve Gelişmiş Ülke Merkez Bankalarının Uyguladıkları Faiz Politikaları
Interest Policies Implemented by Central Banks of Developed Countries and the Recession in the Global Market

Author(s): Nermin Güney, Sertaç Hopoğlu
Subject(s): National Economy, Supranational / Global Economy, Economic policy, International relations/trade, Financial Markets, Russian Aggression against Ukraine
Published by: Özgür Yayın Dağıtım Ltd. Şti.
Keywords: Interest Policies; Central Banks; Global Market; national economies;
Summary/Abstract: The developments around the world in the last few years have brought the global economy face to face with recession-like conditions. The slowdown in production in the world as a result of the slowdown in the Chinese economy, the new wave of protectionism experienced by raising mutual tariffs, which is called "trade wars", the pause experienced with the Covid-19 crisis, the disruptions in the supply chain and the precautionary policies implemented by the United States, the energy bottleneck created by the war between Russia and Ukraine caused a global slowdown and created an environment with a high risk of crisis. The deterioration in the national economies for two consecutive quarters is defined as recession, and as a result, a worldwide increase in unemployment and decrease in national incomes are observed. While Central Banks are looking for ways to get out of the crisis with the least damage by using monetary policy tools in times of crisis, they can directly determine interest rates by changing the money supply in the market. The most important reason for this is to take practical measures to prevent the crisis from spreading to the real sector. Policies implemented in such an environment are important in terms of determining the possible consequences of crises and the best examples that can be taken. The aim of this study is to investigate the recession in global markets and the interest policies implemented by central banks.

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