{"id":17504,"date":"2012-07-11T08:44:54","date_gmt":"2012-07-11T06:44:54","guid":{"rendered":"http:\/\/www.bilgeyatirimci.com\/?p=17504"},"modified":"2012-07-11T08:45:02","modified_gmt":"2012-07-11T06:45:02","slug":"sistemik-risk","status":"publish","type":"post","link":"https:\/\/www.bilgeyatirimci.com\/i\/sistemik-risk\/","title":{"rendered":"Sistemik Risk"},"content":{"rendered":"<p>Geli\u015fmi\u015f ekonomilerin ard\u0131ndan, geli\u015fmekte olanlar\u0131nda durgunlukla tan\u0131\u015fmaya ba\u015flamas\u0131 k\u00fcresel \u00f6l\u00e7etle sistemik riski artt\u0131r\u0131yor. Zira durgunluk \u00f6zellikle sistemde ak\u0131\u015fkanl\u0131\u011f\u0131 sa\u011flayan mali sekt\u00f6r\u00fc daha k\u0131r\u0131lgan hale getiriyor. \u00d6zkaynaklar eriyor, sorunlu krediler art\u0131yor, k\u0131sa vadeli bor\u00e7lanma gereksinimi kontrols\u00fcz bir \u015fekilde b\u00fcy\u00fcyor&#8230; \u00d6zetle s\u00f6ylemek gerekirse hem enflasyanosit hem de deflasyonist bask\u0131lara olan direnci azal\u0131yor. Sorunlar\u0131n a\u011f\u0131rla\u015fmas\u0131 pahas\u0131na g\u00fcn kurtar\u0131ld\u0131k\u00e7a diren\u00e7 azal\u0131yor, diren\u00e7 azald\u0131k\u00e7a g\u00fcvensizlik b\u00fcy\u00fcyor ve riskten ka\u00e7\u0131nma e\u011filimi g\u00fc\u00e7leniyor. Mali sistemdeki bu gidi\u015fat gerek \u00f6zel gerekse kamu kesimlerindeki sorunlar\u0131nda h\u0131zla a\u011f\u0131rla\u015fmas\u0131na sebep oluyor. Asya krizinden bu yana yakla\u015f\u0131k on be\u015f y\u0131l ge\u00e7mi\u015f ve mali sistemin gerek deflasyon gerekse enflasyon bask\u0131lar\u0131na olan direnci azalm\u0131\u015f, hareket yetenekleri \u00f6nemli \u00f6l\u00e7\u00fcde daralm\u0131\u015f.<\/p><div class=\"bilge-yaziust\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-2204216728\"><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>Bug\u00fcn i\u00e7in finansal piyasalar merkez bankalar\u0131n\u0131 daha fazla likidite vermeye zorlayarak bindi\u011fi dal\u0131 kesmekte oldu\u011funu g\u00f6rmek istemiyor. E\u011fer merkez bankalar\u0131 likidite verir ise mali sistem bunu krediye d\u00f6n\u00fc\u015ft\u00fcrse de olmuyor d\u00f6n\u00fc\u015ft\u00fcrmese de, ilkinde ge\u00e7ici olarak paran\u0131n devir h\u0131z\u0131 art\u0131yor varl\u0131k de\u011ferleri ile birlikte enflasyon bask\u0131s\u0131 da art\u0131yor, tsunami t\u00fcr\u00fc y\u0131k\u0131c\u0131 dalgalanmalara davetiye \u00e7\u0131kar\u0131lm\u0131\u015f oluyor, di\u011fer olas\u0131l\u0131kta ise deflasyon bask\u0131lar\u0131n\u0131n g\u00fc\u00e7lenmesi \u00f6nlenemiyor. Orta yol bulunam\u0131yor. Geli\u015fmi\u015f ekonomilerdeki bu a\u00e7maz geli\u015fmekte olanlara da ta\u015f\u0131nd\u0131, s\u00f6z konusu b\u00f6lgelerdeki hareket yeten\u011fi de h\u0131zla daralmaya ba\u015flad\u0131, geli\u015fmekte olan ekonomilerde de para politikalar\u0131 bir daha s\u0131k\u0131la\u015fmamak \u00fczere gev\u015fetilme s\u00fcrecine girdi. Sorunlar k\u00fcreselle\u015fip herkes benzer tepkiler vermeye ba\u015flad\u0131\u011f\u0131nda k\u0131r\u0131lganl\u0131k art\u0131yor, ya herkes ayn\u0131 anda risk al\u0131yor ve anormal fiyat dalgalanmalar\u0131 ya\u015fan\u0131yor ya da herkes kalmaya nedefisini tutup r\u00f6lantide gitmeye \u00e7al\u0131\u015f\u0131yor. Bu durum nedeniyle durgunlu\u011fun a\u015f\u0131lmas\u0131, sistemin tekrar sa\u011fl\u0131\u011f\u0131na kavu\u015fmas\u0131 umudu hem bir hayal olmaktan \u00f6teye gidemiyor. Zaman i\u00e7inde sorular a\u011f\u0131rla\u015f\u0131yor ve edilgenlik art\u0131yor, k\u0131sa vadeli spek\u00fclatif beklentilerle g\u00fcn\u00fc kurtarmaya \u00e7al\u0131\u015fmakta bile \u00e7ok tehlikeli hale geliyor.<\/p>\n<p>Yaz\u0131n\u0131n devam\u0131 i\u00e7in <strong><a href=\"http:\/\/www.dunya.com\/sistemik-risk-148946yy.htm\" target=\"_blank\" data-wpel-link=\"external\" rel=\"nofollow external noopener\">TIKLAYINIZ.<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Geli\u015fmi\u015f ekonomilerin ard\u0131ndan, geli\u015fmekte olanlar\u0131nda durgunlukla tan\u0131\u015fmaya ba\u015flamas\u0131 k\u00fcresel \u00f6l\u00e7etle sistemik riski artt\u0131r\u0131yor. Zira durgunluk \u00f6zellikle sistemde ak\u0131\u015fkanl\u0131\u011f\u0131 sa\u011flayan mali sekt\u00f6r\u00fc daha k\u0131r\u0131lgan hale getiriyor.&hellip;<\/p>\n","protected":false},"author":21,"featured_media":931,"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-17504","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\/17504","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\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/comments?post=17504"}],"version-history":[{"count":0,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/17504\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media\/931"}],"wp:attachment":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media?parent=17504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/categories?post=17504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/tags?post=17504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}