{"id":15998,"date":"2012-05-29T08:07:09","date_gmt":"2012-05-29T06:07:09","guid":{"rendered":"http:\/\/www.bilgeyatirimci.com\/?p=15998"},"modified":"2012-05-29T08:07:47","modified_gmt":"2012-05-29T06:07:47","slug":"maliye-politikasi-ve-borc-dinamigi","status":"publish","type":"post","link":"https:\/\/www.bilgeyatirimci.com\/i\/maliye-politikasi-ve-borc-dinamigi\/","title":{"rendered":"Maliye Politikas\u0131 ve Bor\u00e7 Dinami\u011fi"},"content":{"rendered":"<p>K\u00fcresel mali piyasalar Yunanistan \u015fokunu asgari zararla atlatmaya \u00e7al\u0131\u015f\u0131yor. Analistler bu haftan\u0131n daha sakin ge\u00e7ece\u011fini d\u00fc\u015f\u00fcn\u00fcyor. Gene de k\u0131r\u0131lganl\u0131\u011f\u0131n y\u00fcksek oldu\u011funu unutmayal\u0131m. Her an yeni bir k\u00f6t\u00fc s\u00fcrpriz gelebilir.<\/p><div class=\"bilge-yaziust\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-1885145945\"><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>Yunanistan\u2019\u0131 IMF de g\u00f6zden \u00e7\u0131kard\u0131 m\u0131? Ba\u015fkan Lagarde\u2019\u0131n sert ifadelerine bakarsan\u0131z evet. Ba\u015f iktisat\u00e7\u0131 Blanchard daha yumu\u015fakt\u0131. Ama i\u00e7erik de\u011fi\u015fmiyor. Kemer s\u0131kmaktan ba\u015fka \u00e7are yok; eurodan \u00e7\u0131kmak sadece \u00f6denecek faturay\u0131 artt\u0131r\u0131r deniyor.<\/p>\n<p>Para Politikas\u0131 Kurulu bug\u00fcn toplan\u0131yor. Faiz koridorunda bir de\u011fi\u015fiklik beklenmiyor. Ancak Ba\u015fkan Ba\u015f\u00e7\u0131 TL kar\u015f\u0131l\u0131klar\u0131nda d\u00f6viz pay\u0131n\u0131n artt\u0131r\u0131labilece\u011fi i\u015fareti vermi\u015fti. Bu arada d\u00f6viz kurunda istikrar s\u00fcr\u00fcyor. D\u00f6viz sepeti 2.07 TL geriledi.<\/p>\n<p>May\u0131s kapasite kullan\u0131m\u0131 a\u00e7\u0131kland\u0131. K\u00fc\u00e7\u00fck bir d\u00fc\u015f\u00fc\u015f var. Reel kesim, sekt\u00f6rel ve t\u00fcketici g\u00fcven endeksleri May\u0131s sonu\u00e7lar\u0131 da ayn\u0131 y\u00f6nde geldi. Ekonomide yava\u015flama ikinci \u00e7eyrekte de s\u00fcr\u00fcyor.<\/p>\n<p><strong>Mali istikrar\u0131n nedeni<\/strong><\/p>\n<p>Yunanistan krizi ile derinle\u015fen \u00e7alkant\u0131 T\u00fcrkiye\u2019de mali istikrara dokunmad\u0131. Devlet tahvili faizleri ve d\u00f6viz kuru yeterli g\u00f6stergedir. \u0130kisi de fazla oynamad\u0131. B\u00f6ylece reel ekonomiye olumsuz etkisi ihracat ve g\u00fcven kanallar\u0131 ile s\u0131n\u0131rland\u0131.<\/p>\n<p>Temel nedeni kamu maliyesinde son on y\u0131lda ger\u00e7ekle\u015fen b\u00fcy\u00fck d\u00f6n\u00fc\u015f\u00fcmd\u00fcr. D\u00f6nem boyunca s\u0131k\u0131 maliye politikalar\u0131 uyguland\u0131. B\u00f6ylece bor\u00e7 oran\u0131 b\u00fcy\u00fck AB \u00fclkeleri aras\u0131nda en d\u00fc\u015f\u00fck d\u00fczeye indirildi.<\/p>\n<p>Bu ko\u015fullarda kamuoyunun maliye politikas\u0131na odaklanmas\u0131 do\u011fald\u0131r. B\u00fct\u00e7e disiplininin gev\u015femesi olumlu tabloyu bozacak, mali \u00e7alkant\u0131 riskini artt\u0131racakt\u0131r. Bu y\u00f6nde uyar\u0131lar\u0131n \u00e7o\u011fu iyi niyetlidir. Ama bilin\u00e7li dezenformasyona da rastlan\u0131yor.<\/p><div class=\"bilge-content-1\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-3498611147\"><ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-7495567325667578\"\r\n     data-ad-slot=\"3167340272\"\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>2012\u2019de maliye politikas\u0131 hala s\u0131k\u0131 m\u0131? \u0130ktisad\u0131n bitmez t\u00fckenmez \u00f6l\u00e7me sorunlar\u0131 tekrar kar\u015f\u0131m\u0131za \u00e7\u0131k\u0131yor. Hangi g\u00f6stergeye bakaca\u011f\u0131z? S\u0131k\u0131 yada gev\u015fek olmas\u0131n\u0131 nas\u0131l saptayaca\u011f\u0131z? Nesnel bir \u00f6l\u00e7\u00fc \u00fczerinde anla\u015fmak kolay olmuyor.<\/p>\n<p>Neyse ki, imdada bor\u00e7 dinami\u011fi denklemleri yeti\u015fiyor. Olay basitle\u015fiyor. Bor\u00e7 oran\u0131 y\u00fckseliyorsa maliye politikas\u0131 gev\u015fektir. D\u00fc\u015f\u00fcyorsa s\u0131k\u0131d\u0131r. Sabit kal\u0131yorsa ne s\u0131k\u0131 ne gev\u015fek yani tarafs\u0131zd\u0131r. \u00dcstelik hesaplamas\u0131 da kolayd\u0131r.<\/p>\n<p>Yaz\u0131n\u0131n devam\u0131 i\u00e7in <strong><a href=\"http:\/\/haber.gazetevatan.com\/Haber\/453820\/1\/Gundem\" target=\"_blank\" data-wpel-link=\"external\" rel=\"nofollow external noopener\">TIKLAYINIZ.<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>K\u00fcresel mali piyasalar Yunanistan \u015fokunu asgari zararla atlatmaya \u00e7al\u0131\u015f\u0131yor. Analistler bu haftan\u0131n daha sakin ge\u00e7ece\u011fini d\u00fc\u015f\u00fcn\u00fcyor. Gene de k\u0131r\u0131lganl\u0131\u011f\u0131n y\u00fcksek oldu\u011funu unutmayal\u0131m. Her an yeni&hellip;<\/p>\n","protected":false},"author":13,"featured_media":919,"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-15998","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\/15998","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\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/comments?post=15998"}],"version-history":[{"count":0,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/15998\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media\/919"}],"wp:attachment":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media?parent=15998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/categories?post=15998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/tags?post=15998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}