{"id":15483,"date":"2012-05-16T08:02:18","date_gmt":"2012-05-16T06:02:18","guid":{"rendered":"http:\/\/www.bilgeyatirimci.com\/?p=15483"},"modified":"2012-05-16T08:02:31","modified_gmt":"2012-05-16T06:02:31","slug":"hazine-faizi","status":"publish","type":"post","link":"https:\/\/www.bilgeyatirimci.com\/i\/hazine-faizi\/","title":{"rendered":"Hazine Faizi"},"content":{"rendered":"
Kendime Yaz\u0131lar \/ Mahfi E\u011filmez \/ Hazinenin Faizi \/<\/strong><\/div>\n
<\/div>\n
T\u00fcrkiye ekonomisinde son on y\u0131ldaki en \u00f6nemli g\u00f6sterge de\u011fi\u015fimi nedir diye soracak olursan\u0131z benim yan\u0131t\u0131m kamu kesimi bor\u00e7 stoku \/ GSYH oran\u0131 ve faizler olur.<\/div>\n
<\/div>\n
1980\u2019li y\u0131llar\u0131n ortalar\u0131na do\u011fru ba\u015flayan kamu bor\u00e7lanmas\u0131na dayal\u0131 b\u00fcy\u00fcme modeli ba\u015flang\u0131\u00e7ta y\u00fczde 5 \u2013 6\u2019lar d\u00fczeyine, 2001 krizine yakla\u015f\u0131l\u0131rken de y\u00fczde 10 d\u00fczeyine yakla\u015fan b\u00fct\u00e7e a\u00e7\u0131klar\u0131na neden olmu\u015ftu. Bu a\u00e7\u0131klar\u0131n finansman\u0131 daha fazla bor\u00e7lanmayla o da daha y\u00fcksek oranl\u0131 faiz \u00f6demeyle m\u00fcmk\u00fcn olabiliyordu.<\/div>\n
<\/div>\n
2001 krizinden sonra al\u0131nan bir dizi \u00f6nlem ve de\u011fi\u015ftirilen b\u00fcy\u00fcme modeli b\u00fct\u00e7e a\u00e7\u0131klar\u0131n\u0131n ve kamu bor\u00e7 y\u00fck\u00fcn\u00fcn d\u00fc\u015fmesini sa\u011flad\u0131. A\u015fa\u011f\u0131daki grafik kamu bor\u00e7 stoku \/ GSYH oran\u0131n\u0131n 2001\u2019den 2012\u2019ye kadar olan geli\u015fimini g\u00f6steriyor. 2009 y\u0131l\u0131ndaki s\u0131\u00e7rama k\u00fcresel krizin T\u00fcrkiye ekonomisinde yaratt\u0131\u011f\u0131 etki dolay\u0131s\u0131yla ortaya \u00e7\u0131km\u0131\u015f bulunuyor.<\/div>\n
<\/div>\n
\"\"<\/a><\/div>\n
<\/div>\n
Kamu kesimi bor\u00e7lanmas\u0131nda ve dolay\u0131s\u0131yla bor\u00e7 stokundaki d\u00fc\u015f\u00fc\u015f iki etki yaratt\u0131: (1) Bor\u00e7lanman\u0131n maliyeti yani faizler d\u00fc\u015ft\u00fc, (2) \u00d6zel kesim i\u00e7in bor\u00e7lanabilme alan\u0131 ortaya \u00e7\u0131kt\u0131. Yani \u00f6zel kesim daha \u00f6nce kamu kesimi taraf\u0131ndan d\u0131\u015fland\u0131\u011f\u0131 bor\u00e7lanma piyasas\u0131na girebilmeye ba\u015flad\u0131.<\/div>\n
<\/div>\n
Kamu kesimi a\u00e7\u0131klar\u0131ndaki azalman\u0131n yaratt\u0131\u011f\u0131 il\u015fk etki kamu kesimi bor\u00e7lanmas\u0131ndaki azalma olarak ortaya \u00e7\u0131karken hi\u00e7 ku\u015fkusuz \u00e7ok daha sa\u011fl\u0131kl\u0131 bir kamu maliyesini m\u00fcmk\u00fcn k\u0131lmaya ba\u015flad\u0131. Kamu maliyesindeki d\u00fczelme enflasyonda da h\u0131zl\u0131 bir d\u00fc\u015f\u00fc\u015fe yol a\u00e7t\u0131. Uzun y\u0131llar olduk\u00e7a y\u00fcksek d\u00fczeyli bir enflasyon ortam\u0131nda ya\u015fam\u0131\u015f olan T\u00fcrk toplumu i\u00e7i\u015fn bu yeni bir geli\u015fmeydi.<\/div>\n
<\/div>\n
A\u015fa\u011f\u0131daki grafik enflasyonda (T\u00dcFE) 2001 krizi sonras\u0131nda ya\u015fanan geli\u015fmeyi g\u00f6steriyor.<\/div>\n
<\/div>\n
\u00a0\"\"<\/a><\/div>\n
<\/div>\n
2009 y\u0131l\u0131nda k\u00fcresel krizin etkisiyle dip yapan enflasyon 2011 y\u0131l\u0131nda ekonomide ya\u015fanan talep y\u00f6nl\u00fc canlanmayla yeniden yukar\u0131 y\u00f6nl\u00fc hareketlenmi\u015f g\u00f6r\u00fcn\u00fcyor. Buna kar\u015f\u0131l\u0131k 2012 y\u0131l\u0131ndaki y\u00fckseli\u015fin nedeni TL\u2019nin de\u011fer kayb\u0131yla ilgilidir.<\/div>\n
<\/div>\n
Yaz\u0131n\u0131n devam\u0131 i\u00e7in TIKLAYINIZ.<\/a><\/strong><\/div>\n","protected":false},"excerpt":{"rendered":"

Kendime Yaz\u0131lar \/ Mahfi E\u011filmez \/ Hazinenin Faizi \/ T\u00fcrkiye ekonomisinde son on y\u0131ldaki en \u00f6nemli g\u00f6sterge de\u011fi\u015fimi nedir diye soracak olursan\u0131z benim yan\u0131t\u0131m kamu…<\/p>\n","protected":false},"author":12,"featured_media":13098,"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-15483","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\/15483","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\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/comments?post=15483"}],"version-history":[{"count":0,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/15483\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media\/13098"}],"wp:attachment":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media?parent=15483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/categories?post=15483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/tags?post=15483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}