A Theorical Study Based on Monetary Policy After the Financial Crisis of 2008

The financial crisis which started in USA in 2008 and spreaded all over the world has put not only the developing countries but also the developed countries into the difficult process and caused some innovations to economy literature in the terms of monetary policy. Appearing in derivate markets, this crisis is different from the other crisis as it effects not only the financial sector but also the real sector. Both the developed and developing countries have beend effected differently and gained different experiences because of this crisis.The crisis mentioned has caused the developed countries to have deflation problem while it has put the developing countries in inflationist process. Hence the developed countries implement non-traditional monetary policies such as quantity expansion in order to provide economic recovery and get rid of the deflation they have but it has caused global liquidity to be excessive. The excessive global liquidity that heads into the developing countries has caused them to involve in inflationist process, impairing the price stabilities. In this sense the aim of the study is to form a theorical frame based on non-traditional monetary policy that developing and developed countries implemented after the financial crisis of 2008