{"id":14092,"date":"2012-04-12T08:23:32","date_gmt":"2012-04-12T06:23:32","guid":{"rendered":"http:\/\/www.bilgeyatirimci.com\/?p=14092"},"modified":"2012-04-12T08:23:47","modified_gmt":"2012-04-12T06:23:47","slug":"doviz-finansman-sikintisi-azaliyor-mu","status":"publish","type":"post","link":"https:\/\/www.bilgeyatirimci.com\/i\/doviz-finansman-sikintisi-azaliyor-mu\/","title":{"rendered":"D\u00f6viz Finansman S\u0131k\u0131nt\u0131s\u0131 Azal\u0131yor mu?"},"content":{"rendered":"<p>Avrupa tekrar kar\u0131\u015f\u0131rsa ilk ba\u015flarda -cari a\u00e7\u0131ktaki d\u00fc\u015f\u00fc\u015fe kar\u015f\u0131n- d\u00f6viz ihtiyac\u0131m\u0131z\u0131 gidermekte zorlan\u0131r\u0131z.<\/p><div class=\"bilge-yaziust\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-3499075547\"><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>Pe\u015fi s\u0131ra \u00f6nemli veriler a\u00e7\u0131klan\u0131yor. D\u00fcn s\u0131ra \u015fubat ay\u0131 \u00f6demeler dengesi verilerindeydi. Birka\u00e7 dikkat \u00e7ekici nokta \u015f\u00f6yle: Birincisi, cari i\u015flemler a\u00e7\u0131\u011f\u0131nda bir azalma var ancak arzu edilen d\u00fczeyde de\u011fil. Son on iki ayl\u0131k toplam verilere bak\u0131ld\u0131\u011f\u0131nda, cari a\u00e7\u0131k Ekim 2011\u2019de 78.6 milyar dolar ile rekor k\u0131rm\u0131\u015ft\u0131. \u015eubat 2012\u2019deki son on iki ayl\u0131k toplam cari a\u00e7\u0131k ise 75.3 milyar dolar oldu. Sadece ocak-\u015fubat toplamlar\u0131 ele al\u0131nd\u0131\u011f\u0131nda ise ge\u00e7en y\u0131l\u0131n ayn\u0131 d\u00f6nemine k\u0131yasla yakla\u015f\u0131k 2 milyar dolar azalma var cari a\u00e7\u0131kta.<br \/>\nCari i\u015flemler a\u00e7\u0131\u011f\u0131ndan do\u011fan d\u00f6viz ihtiyac\u0131 \u00fc\u00e7 yolla kar\u015f\u0131lan\u0131yor: Net sermaye giri\u015fleri, resmi rezervlerde azalma ve kayna\u011f\u0131 belli olmayan d\u00f6viz giri\u015fleri (net hata ve noksan). Bu sonuncu kalemde, y\u0131l\u0131n ilk iki ay\u0131nda, 2011\u2019in ay\u0131n\u0131 d\u00f6nemine k\u0131yasla \u00f6nemli bir farkl\u0131l\u0131k yok. Buna kar\u015f\u0131l\u0131k, ge\u00e7en y\u0131l\u0131n ilk iki ay\u0131nda rezerv art\u0131\u015f\u0131 varken bu y\u0131l\u0131n ilk iki ay\u0131nda rezerv azalmas\u0131 ya\u015fand\u0131. Farkl\u0131 bir ifadeyle, net sermaye giri\u015fleri ve kayna\u011f\u0131 belli olmayan yollarla yurda gelen d\u00f6viz miktar\u0131, cari a\u00e7\u0131ktan do\u011fan d\u00f6viz ihtiyac\u0131n\u0131 kar\u015f\u0131lamad\u0131.<\/p>\n<p><strong>Net sermaye giri\u015fi\u00a0<\/strong><br \/>\nKayna\u011f\u0131 belli olmayan d\u00f6viz giri\u015flerini bir tarafa b\u0131rak\u0131p salt net sermaye giri\u015flerine bakmak ve bu giri\u015flerin cari a\u00e7\u0131\u011f\u0131n yaratt\u0131\u011f\u0131 d\u00f6viz finansman gereksinimini giderip gidermedi\u011fini incelemek daha \u00f6nemli. Ocak ay\u0131 verileri a\u00e7\u0131kland\u0131\u011f\u0131nda yapt\u0131\u011f\u0131m de\u011ferlendirmede \u015fu noktaya dikkat \u00e7ekmi\u015ftim: Net sermaye giri\u015fleri, cari i\u015flemler a\u00e7\u0131\u011f\u0131n\u0131n yaratt\u0131\u011f\u0131 finansman ihtiyac\u0131n\u0131n alt\u0131nda seyrediyordu. Ayl\u0131k dalgalanmalardan ar\u0131nd\u0131rmak amac\u0131yla her ay i\u00e7in son \u00fc\u00e7 ay\u0131n toplam de\u011ferlerine bak\u0131nca, bu olgunun Temmuz 2011\u2019den beri s\u00fcrd\u00fc\u011f\u00fc g\u00f6r\u00fcl\u00fcyordu. \u015eubat ay\u0131n\u0131 i\u00e7ine alan son \u00fc\u00e7 ay i\u00e7in de ayn\u0131 olgu ge\u00e7erli.<\/p>\n<p>Yaz\u0131n\u0131n devam\u0131 i\u00e7in <strong><a href=\"http:\/\/www.radikal.com.tr\/Radikal.aspx?aType=RadikalYazar&amp;ArticleID=1084649&amp;Yazar=FATIH-OZATAY&amp;CategoryID=101\" target=\"_blank\" data-wpel-link=\"external\" rel=\"nofollow external noopener\">TIKLAYINIZ.<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Avrupa tekrar kar\u0131\u015f\u0131rsa ilk ba\u015flarda -cari a\u00e7\u0131ktaki d\u00fc\u015f\u00fc\u015fe kar\u015f\u0131n- d\u00f6viz ihtiyac\u0131m\u0131z\u0131 gidermekte zorlan\u0131r\u0131z. Pe\u015fi s\u0131ra \u00f6nemli veriler a\u00e7\u0131klan\u0131yor. D\u00fcn s\u0131ra \u015fubat ay\u0131 \u00f6demeler dengesi verilerindeydi.&hellip;<\/p>\n","protected":false},"author":16,"featured_media":894,"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-14092","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\/14092","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\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/comments?post=14092"}],"version-history":[{"count":0,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/14092\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media\/894"}],"wp:attachment":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media?parent=14092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/categories?post=14092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/tags?post=14092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}