1) Yes, Turkey was required to adopt certain monetary policies as a condition for IMF aid. These include: - Promoting short term foreign capital flows - High interest rates - Appreciation of the local currency 2) Yes, the crisis in Turkey affects its entry in European union. Its economic situation will be a matter of concern for the other EU nations. The main reason for this is that most of Turkey\'s trade links are within Europe. However, Germany will be a strong support for Turkey. 3) When Turkish Lira did not devaluate as it was expected to, then the currency was pegged to US Dollar. 4) No, the Turkish crisis did not spread to other countries of that area. Instead it might affect the other weak economies of the world. Solution 1) Yes, Turkey was required to adopt certain monetary policies as a condition for IMF aid. These include: - Promoting short term foreign capital flows - High interest rates - Appreciation of the local currency 2) Yes, the crisis in Turkey affects its entry in European union. Its economic situation will be a matter of concern for the other EU nations. The main reason for this is that most of Turkey\'s trade links are within Europe. However, Germany will be a strong support for Turkey. 3) When Turkish Lira did not devaluate as it was expected to, then the currency was pegged to US Dollar. 4) No, the Turkish crisis did not spread to other countries of that area. Instead it might affect the other weak economies of the world..