The coronavirus disease 2019 pandemic, which emerged in China’s Wuhan province in December 2019 and affected the whole world, has spread rapidly all over the world. The coronavirus disease 2019 pandemic has caused many deaths all over the world. States took extraordinary measures to reduce and control the spread of the pandemic. Although all these measures were taken to reduce the spread of the coronavirus disease 2019 pandemic and loss of life, it caused a global recession in the world and a deterioration in the macroeconomic factors of the country’s economy. Some predictions are that the extent of the economic damage caused by the coronavirus disease 2019 pandemic will be deeper and more devastating than the 2008 financial crisis. According to the June 2020 World Economic Outlook report, it is stated that the level of public debts and deficits due to the coronavirus disease 2019 pandemic in 2020 increased more than the level that occurred in the 2008–2010 period. In this context, countries have taken different measures to protect their economies from the negative effects of the pandemic. Turkey, on the other hand, has turned to an application that aims to control the increase in the exchange rate due to the foreign exchange pressure it has experienced in this process. In this study, first of all, we aimed to investigate the effects of the coronavirus disease 2019 pandemic on Turkey and the world. Then, it was aimed to investigate and reveal the effects of the currency-protected time deposit application, which was put into practice on December 21, 2021, in Turkey.
Cite this article as: Arslan, M. (2023). Exchange rate-protected deposit account application in the economic crisis after the COVID-19 pandemic: The case of Turkey. Journal of Business Administration and Social Studies, 7(2), 139-146.