İbrahim Erol

(Celal Bayar University, Manisa, Turkey)

 

 

Abstract: The purpose of this study is to analyze the monetary and exchange rate policies adopted by industrial countries in the post-2008/9 global financial crisis and to question whether any steps to eliminate the effects of the crisis were taken as well as to discuss the possibility of a potential currency war to arise in-between the countries. By reason of these evaluations, the monetary and exchange rate policies exercised in a selected sample of industrial countries and the probable subsequent effects of them on Turkey will be briefly explained.

 

 

Key words: financial crisis; currency wars; monetary policy; exchange rate policy

 

JEL codes: E31, E42, F62, G01