{"id":10561,"date":"2012-01-18T08:30:47","date_gmt":"2012-01-18T06:30:47","guid":{"rendered":"http:\/\/www.bilgeyatirimci.com\/?p=10561"},"modified":"2012-01-18T12:12:03","modified_gmt":"2012-01-18T10:12:03","slug":"finansal-istikrari-korumak","status":"publish","type":"post","link":"https:\/\/www.bilgeyatirimci.com\/i\/finansal-istikrari-korumak\/","title":{"rendered":"Finansal \u0130stikrar\u0131 Korumak"},"content":{"rendered":"<p>Finansal istikrar, kriz sonras\u0131 \u00f6ne \u00e7\u0131kan bir kavram. Her zaman mevcuttu ama son y\u0131llarda \u00f6nemi giderek artt\u0131.<br \/>\n&#8220;Finansal istikrar\u0131 sa\u011flamak kimin ya da kimlerin g\u00f6revidir?&#8221; sorusuna yan\u0131t h\u00e2l\u00e2 tart\u0131\u015f\u0131l\u0131yor. Avrupa&#8217;n\u0131n kar\u015f\u0131 kar\u015f\u0131ya bulundu\u011fu sorunlar nedeniyle konuya \u015fimdilik e\u011filecek hali yok. ABD ise i\u015fi ba\u015ftan \u00e7\u00f6z\u00fcp bununla ilgili sistemini kurdu. Asya \u00fclkeleri ise izleme safhas\u0131ndalar.<br \/>\nT\u00fcrkiye de geli\u015fmeleri de\u011ferlendiriyor, do\u011frusunu bulmaya \u00e7al\u0131\u015f\u0131yor.<br \/>\nSon olarak fikirlerine de\u011fer verdi\u011fim Prof. Dr. Fatih \u00d6zatay &#8220;Para Politikas\u0131nda Yeni Aray\u0131\u015flar ve TCMB&#8221; ba\u015fl\u0131kl\u0131 \u00e7al\u0131\u015fmas\u0131nda bu konuya de\u011finiyor.<br \/>\nFinansal istikrar\u0131 sa\u011flamak i\u00e7in iki se\u00e7enek sunuyor.<br \/>\nBirincisi, BDDK&#8217;n\u0131n baz\u0131 g\u00f6revlerini Merkez Bankas\u0131&#8217;na devretmek.<br \/>\n\u0130kincisi, bu iki kurum aras\u0131nda i\u015fbirli\u011fini art\u0131rmak ve ortak karar almalar\u0131n\u0131 sa\u011flamak.<\/p><div class=\"bilge-yaziust\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-1692604443\"><ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-7495567325667578\"\r\n     data-ad-slot=\"9580705384\"\r\n     data-ad-format=\"rectangle\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p><strong>F\u0130YAT \u0130ST\u0130KRARI TEMEL AMA\u00c7TIR<\/strong><br \/>\nMerkez Bankas\u0131&#8217;n\u0131n temel amac\u0131, fiyat istikrar\u0131n\u0131 sa\u011flamakt\u0131r. Ba\u015fka g\u00f6revi olamaz.<br \/>\n\u00d6zellikle T\u00fcrkiye gibi 30 y\u0131l\u0131 a\u015fk\u0131n enflasyon girdab\u0131nda ya\u015fayan bir \u00fclkede enflasyonla m\u00fccadeleyi zay\u0131flatacak ad\u0131mlardan ka\u00e7\u0131nmak gerekir.<br \/>\nKriz \u00f6ncesinde ya da sonras\u0131nda bu fikrimde bir de\u011fi\u015fiklik olmad\u0131. 90&#8217;l\u0131 y\u0131llar\u0131n sonlar\u0131nda finansal istikrar\u0131 sa\u011flamak i\u00e7in BDDK&#8217;n\u0131n kurulmas\u0131na katk\u0131 yaparken de b\u00f6yle d\u00fc\u015f\u00fcn\u00fcyordum.<br \/>\nO tarihlerde benim i\u00e7in iki konu \u00f6ne \u00e7\u0131k\u0131yordu.<br \/>\nBirincisi, \u00f6zellikle bankac\u0131l\u0131k sekt\u00f6r\u00fcn\u00fcn denetiminde ve d\u00fczenlenmesinde yap\u0131lacak hata ya da hatalar\u0131n Merkez Bankas\u0131&#8217;n\u0131n fiyat istikrar\u0131 \u00e7abalar\u0131n\u0131n temelini te\u015fkil edecek olan kredibilitesine olumsuz yans\u0131yaca\u011f\u0131na inan\u0131yordum.<br \/>\n\u0130kincisi ise bankac\u0131l\u0131\u011f\u0131n siyasi otoritenin m\u00fcdahalelerine a\u00e7\u0131k bir alan olmas\u0131 nedeniyle Merkez Bankas\u0131 n\u0131n ba\u011f\u0131ms\u0131zl\u0131\u011f\u0131n\u0131n en fazla tehdit edilece\u011fi konunun buras\u0131 oldu\u011funu d\u00fc\u015f\u00fcn\u00fcyordum.<br \/>\nNitekim finansal istikrar Merkez Bankas\u0131&#8217;n\u0131n g\u00f6revleri aras\u0131nda bulunsayd\u0131 1999 ila 2003 y\u0131llar\u0131 aras\u0131nda batan bankalar\u0131n t\u00fcm sorumlulu\u011fu \u00fczerinde kalacakt\u0131. Bu durumda kaybedilen kredibilitenin enflasyon hedeflemesinin ba\u015far\u0131s\u0131n\u0131 \u00f6nleyece\u011fi kesindi.<\/p>\n<p><strong>\u0130\u015eB\u0130RL\u0130\u011e\u0130 G\u00dc\u00c7LEND\u0130R\u0130LMEL\u0130<\/strong><br \/>\nT\u00fcrkiye \u015fartlar\u0131nda fiyat ve finansal istikrar\u0131n etkin bir bi\u00e7imde uygulanmas\u0131 i\u00e7in iki ko\u015ful gereklidir.<br \/>\nBunlardan birincisi, kurumlar aras\u0131nda i\u015fbirli\u011fi ve bilgi ak\u0131\u015f\u0131n\u0131n g\u00fc\u00e7l\u00fc bir altyap\u0131ya oturtulmas\u0131, ikincisi ise Merkez Bankas\u0131&#8217;na fiyat istikrar\u0131 d\u0131\u015f\u0131nda bir g\u00f6rev verilmemesidir.<br \/>\nKu\u015fkusuz varl\u0131k fiyatlar\u0131n\u0131n anormal art\u0131\u015flar\u0131n\u0131n g\u00f6zlendi\u011fi ya da risk y\u00f6netiminin zay\u0131flad\u0131\u011f\u0131 durumlarda Merkez Bankas\u0131 devreye girecektir. Ancak bu giri\u015fi g\u00f6reviyle de\u011fil t\u00fcm ekonominin sa\u011fl\u0131\u011f\u0131yla ilgili olacakt\u0131r.<br \/>\nB\u00f6yle bir i\u015fbirli\u011fi sa\u011flanamayaca\u011f\u0131 varsay\u0131m\u0131yla yetkilerin Merkez Bankas\u0131&#8217;na aktar\u0131m\u0131, onu temel amac\u0131ndan ay\u0131racakt\u0131r.<br \/>\nUnutmayal\u0131m, finansal istikrars\u0131zl\u0131\u011f\u0131n en \u00f6nemli kayna\u011f\u0131 enflasyondur.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Finansal istikrar, kriz sonras\u0131 \u00f6ne \u00e7\u0131kan bir kavram. Her zaman mevcuttu ama son y\u0131llarda \u00f6nemi giderek artt\u0131. &#8220;Finansal istikrar\u0131 sa\u011flamak kimin ya da kimlerin g\u00f6revidir?&#8221;&hellip;<\/p>\n","protected":false},"author":418,"featured_media":5395,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-10561","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tumyazilar"],"_links":{"self":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/10561","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/users\/418"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/comments?post=10561"}],"version-history":[{"count":0,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/10561\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media\/5395"}],"wp:attachment":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media?parent=10561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/categories?post=10561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/tags?post=10561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}