{"id":13579,"date":"2012-03-30T13:02:52","date_gmt":"2012-03-30T11:02:52","guid":{"rendered":"http:\/\/www.bilgeyatirimci.com\/?p=13579"},"modified":"2012-03-30T13:03:01","modified_gmt":"2012-03-30T11:03:01","slug":"rezerv-olarak-altin","status":"publish","type":"post","link":"https:\/\/www.bilgeyatirimci.com\/i\/rezerv-olarak-altin\/","title":{"rendered":"Rezerv Olarak Alt\u0131n"},"content":{"rendered":"<p>Merkez Bankas\u0131 ge\u00e7ti\u011fimiz aylarda rezervlerini alt\u0131n olarak art\u0131rma amac\u0131na y\u00f6nelik kararlar almaya ba\u015flad\u0131.<br \/>\nSon olarak TL cinsi zorunlu kar\u015f\u0131l\u0131klar\u0131n\u0131n alt\u0131n cinsinden tutulabilecek k\u0131sm\u0131n\u0131 % 10&#8217;dan % 20&#8217;ye y\u00fckseltti.<br \/>\nT\u00fcm bunlar\u0131n sonucu 16 Mart 2010 tarihi itibar\u0131yla 11.6 milyar dolarl\u0131k alt\u0131n rezervine sahip oldu. Elindeki 206 ton alt\u0131n\u0131n 87.2 tonu zorunlu kar\u015f\u0131l\u0131klar yoluyla rezervlere dahil edildi.<br \/>\nPeki, Merkez Bankas\u0131&#8217;n\u0131n bu ad\u0131mlar\u0131n\u0131n amac\u0131 ne?<\/p><div class=\"bilge-yaziust\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-674299476\"><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>1- D\u00d6V\u0130Z REZERVLER\u0130N\u0130 ARTIRMAK:<\/strong><br \/>\nUluslararas\u0131 kar\u015f\u0131la\u015ft\u0131rmalarda ve hesaplamalarda &#8220;alt\u0131n hari\u00e7&#8221; rezervler \u00f6nemlidir. Alt\u0131n resmi rezervlerin i\u00e7inde yer almaz. Hesaplamalar &#8220;alt\u0131n hari\u00e7&#8221;e g\u00f6re yap\u0131l\u0131r.<br \/>\nD\u00f6viz s\u0131k\u0131\u015f\u0131kl\u0131\u011f\u0131na d\u00fc\u015fm\u00fc\u015f ve elindeki d\u00f6vizleri kullanmak zorunda kalm\u0131\u015f bir merkez bankas\u0131n\u0131n en son ba\u015fvuraca\u011f\u0131 i\u015flem, elindeki alt\u0131nlar\u0131 satmakt\u0131r.<br \/>\nPiyasalar bunu g\u00f6zleyince o \u00fclke yolun sonuna gelmi\u015f say\u0131l\u0131r. Alt\u0131n rezervleri adeta &#8220;kefen paras\u0131&#8221; olarak nitelendirilir.<br \/>\nNitekim Avrupa&#8217;n\u0131n son ya\u015fad\u0131\u011f\u0131 krizde Euro B\u00f6lgesi&#8217;ndeki merkez bankalar\u0131n\u0131n elinde bulunan 350 milyar Euro&#8217;ya yak\u0131n alt\u0131n rezervi hi\u00e7bir i\u015fe yaramam\u0131\u015ft\u0131r.<br \/>\nHele bu alt\u0131nlar \u00f6d\u00fcn\u00e7 al\u0131nm\u0131\u015flarsa ileride geri verilece\u011fi d\u00fc\u015f\u00fcn\u00fcld\u00fc\u011f\u00fcnde rezerv olarak bir anlam ifade etmez.<\/p>\n<p><strong>2- PARA POL\u0130T\u0130KASI ARACI OLARAK KULLANMAK:<\/strong><br \/>\nPara politikas\u0131 arac\u0131 olarak zorunlu kar\u015f\u0131l\u0131klar\u0131 kullanmak sistemde kredi ya da likidite hacmini daraltarak (geni\u015fleterek) ekonomik aktivitenin yava\u015flamas\u0131n\u0131 (canlanmas\u0131n\u0131) sa\u011flamak anlam\u0131n\u0131 ta\u015f\u0131r.<br \/>\nAlt\u0131n ise bu amac\u0131 ger\u00e7ekle\u015ftirmek a\u00e7\u0131s\u0131ndan iyi bir ara\u00e7 de\u011fildir. Sistemde alt\u0131n kar\u015f\u0131l\u0131\u011f\u0131 kredi azd\u0131r. Bankalar zaten kullanmad\u0131klar\u0131 alt\u0131n\u0131 merkez bankas\u0131na vererek di\u011fer kaynaklar\u0131n\u0131 serbest hale getirip kredi verme potansiyellerini art\u0131r\u0131rlar.<br \/>\n\u00d6te yandan &#8220;swap&#8221; i\u015flemleri ile yurtd\u0131\u015f\u0131ndan getirilecek alt\u0131nlar\u0131n kredi hacmini etkileme niteli\u011fi de yoktur.<\/p>\n<p>Yaz\u0131n\u0131n devam\u0131 i\u00e7in <strong><a href=\"http:\/\/www.bloomberght.com\/ht-yazarlar\/gazi-ercel\/1112541-rezerv-olarak-altin\" target=\"_blank\" data-wpel-link=\"external\" rel=\"nofollow external noopener\">TIKLAYINIZ.<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Merkez Bankas\u0131 ge\u00e7ti\u011fimiz aylarda rezervlerini alt\u0131n olarak art\u0131rma amac\u0131na y\u00f6nelik kararlar almaya ba\u015flad\u0131. Son olarak TL cinsi zorunlu kar\u015f\u0131l\u0131klar\u0131n\u0131n alt\u0131n cinsinden tutulabilecek k\u0131sm\u0131n\u0131 % 10&#8217;dan&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-13579","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\/13579","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=13579"}],"version-history":[{"count":0,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/13579\/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=13579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/categories?post=13579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/tags?post=13579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}