This article wishes to contribute to the political-economic debate over monetary policy in emerging countries in times of global crisis. The influence of the Turkish Government on the Central Bank of the Republic of Turkey (CBRT) and empirical consequences of this will be a major point of examination. The main research question will be in which way and under which circumstances monetary policy evolved and changed under the rule of the AKP (2002-2015). The main argument will be that the government asserted significant influence on the CBRT to end monetary tightening in order to cope with the repercussions of the global financial crises. In this regard, the political economic motive, as well as the scope and limits of the government’s influence on monetary policy, will be reconsidered.
