{"id":19057,"date":"2012-08-29T18:15:11","date_gmt":"2012-08-29T16:15:11","guid":{"rendered":"http:\/\/www.bilgeyatirimci.com\/?p=19057"},"modified":"2012-08-29T18:15:21","modified_gmt":"2012-08-29T16:15:21","slug":"borc-krizinin-gorunmeyen-yuzu","status":"publish","type":"post","link":"https:\/\/www.bilgeyatirimci.com\/i\/borc-krizinin-gorunmeyen-yuzu\/","title":{"rendered":"Bor\u00e7 Krizinin G\u00f6r\u00fcnmeyen Y\u00fcz\u00fc"},"content":{"rendered":"<p>Krizler ekonomik birimlerin ufkunu k\u0131salt\u0131r. Vadeler d\u00fc\u015fer. Risk i\u015ftah\u0131na g\u00f6re, baz\u0131lar\u0131 i\u00e7in \u201cnakit\u201c en iyi yat\u0131r\u0131md\u0131r. Riski sevenler dahi paralar\u0131n\u0131 daha k\u0131sa vadeli de\u011ferlendirmek ister. K\u00fcresel krizin en \u00f6nemli sonu\u00e7lar\u0131ndan biri de bir\u00e7ok \u00fclkede devletin bor\u00e7 stokunun ortalama vadesinin d\u00fc\u015fmesi. Bor\u00e7 stokunun ortalama vadesinin d\u00fc\u015fmesi giderek her y\u0131l daha b\u00fcy\u00fck miktarda ana paran\u0131n geri \u00f6denmesi anlam\u0131na gelir. B\u00fct\u00e7eleri art\u0131k a\u00e7\u0131k vermese dahi, kriz nedeniyle zaten bor\u00e7lanmakta zorlanan \u00fclkelerin bor\u00e7lar\u0131n\u0131 \u00e7evirebilmeye y\u00f6nelik bor\u00e7lanma ihtiyac\u0131 artm\u0131\u015f olur. Kriz daha da derinle\u015fme s\u00fcrecine girer.<\/p><div class=\"bilge-yaziust\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-581403638\"><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>VADE KISALIYOR\u00a0<\/strong><br \/>\nEuro kullanmaya ba\u015flad\u0131ktan sonra \u00fclkelerin t\u00fcm\u00fc olduk\u00e7a uzun vadelerde bor\u00e7lanabilme olana\u011f\u0131na kavu\u015ftu. Bor\u00e7lar\u0131n ortalama vadesi t\u00fcm \u00fclkelerde 7 y\u0131l civar\u0131nda oldu. Kriz bu oran\u0131 bir\u00e7ok \u00fclkede alt\u00fcst etti. Yunanistan gibi \u00fclkeler piyasadan koptular. \u015eimdi \u00fc\u00e7 ay vade ile bile zor bor\u00e7lan\u0131yorlar. The Economist Dergisi\u2019nin derlemesine g\u00f6re, 2011 y\u0131l\u0131 ortas\u0131nda Avrupa i\u00e7inde bor\u00e7lar\u0131n ortalama vadesinin en uzun oldu\u011fu \u00fclke 14 y\u0131l ile \u0130ngiltere. Euro i\u00e7inde bor\u00e7lar\u0131n\u0131n ortalama vadesinin en uzun oldu\u011fu \u00fclkeler 7 y\u0131l ile Avusturya, \u0130talya, Slovenya ve Fransa. Bor\u00e7lar\u0131n\u0131 yeniden yap\u0131land\u0131rd\u0131\u011f\u0131 i\u00e7in Yunanistan\u2019\u0131n ba\u015fkalar\u0131 ile kar\u015f\u0131la\u015ft\u0131r\u0131lacak bir taraf\u0131 kalmad\u0131. Almanya\u2019n\u0131n borcu geleneksel olarak k\u0131sad\u0131r (5.7 y\u0131l civar\u0131nda). Portekiz, \u0130rlanda ve \u0130spanya\u2019n\u0131n ortalama bor\u00e7 vadesi 6 y\u0131l civar\u0131nda ve d\u00fc\u015f\u00fcyor. \u015eimdilik bor\u00e7 krizi i\u00e7inde olmayan \u00fclkeleri de g\u00f6zlemek gerekiyor. K\u00fcresel krizin en derin noktas\u0131nda Amerika\u2019n\u0131n ortalama bor\u00e7 vadesi 4.8 y\u0131la kadar d\u00fc\u015fm\u00fc\u015ft\u00fc. Daha sonra toparlad\u0131. \u015eimdi 8 y\u0131l civar\u0131nda. Japonya\u2019da devlet borcunun ortalama vadesi 5 y\u0131l kadar. 1990\u2019l\u0131 y\u0131llar\u0131n ba\u015f\u0131nda bu oran 10 y\u0131l\u0131n \u00fczerindeydi. Japonya\u2019n\u0131n kendine \u00f6zg\u00fc krizi hem devlet borcunu art\u0131rd\u0131 hem de borcun ortalama vadesini k\u0131saltt\u0131. 1990\u2019l\u0131 y\u0131llarda Japonya devlet borcu en d\u00fc\u015f\u00fck \u00fclkelerden biriydi. \u015eimdi, devlet borcunun milli gelire oran\u0131 y\u00fczde 200\u2019\u00fc ge\u00e7mi\u015f durumda.<\/p>\n<p>Yaz\u0131n\u0131n devam\u0131 i\u00e7in <strong><a href=\"http:\/\/www.bloomberght.com\/ht-yazarlar\/ercan-kumcu\/1203561-borc-krizinin-gorunmeyen-yuzu\" target=\"_blank\" data-wpel-link=\"external\" rel=\"nofollow external noopener\">TIKLAYINIZ.<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Krizler ekonomik birimlerin ufkunu k\u0131salt\u0131r. Vadeler d\u00fc\u015fer. Risk i\u015ftah\u0131na g\u00f6re, baz\u0131lar\u0131 i\u00e7in \u201cnakit\u201c en iyi yat\u0131r\u0131md\u0131r. Riski sevenler dahi paralar\u0131n\u0131 daha k\u0131sa vadeli de\u011ferlendirmek ister.&hellip;<\/p>\n","protected":false},"author":675,"featured_media":9441,"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-19057","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\/19057","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\/675"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/comments?post=19057"}],"version-history":[{"count":0,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/19057\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media\/9441"}],"wp:attachment":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media?parent=19057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/categories?post=19057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/tags?post=19057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}