{"id":43922,"date":"2016-02-01T22:07:15","date_gmt":"2016-02-01T20:07:15","guid":{"rendered":"http:\/\/www.bilgeyatirimci.com\/?p=43922"},"modified":"2016-02-02T08:57:15","modified_gmt":"2016-02-02T06:57:15","slug":"merkez-fazla-dovizi-dagitsin","status":"publish","type":"post","link":"https:\/\/www.bilgeyatirimci.com\/i\/merkez-fazla-dovizi-dagitsin\/","title":{"rendered":"\u00c7etin \u00dcnsalan &#8211; Merkez, fazla d\u00f6vizi da\u011f\u0131ts\u0131n"},"content":{"rendered":"<p><em><strong>T\u00fcrkiye\u2019de ger\u00e7ekleri gizlemek i\u00e7in takla atan ekonomi y\u00f6netimi, git gide kontrol\u00fc ka\u00e7\u0131rmaya ba\u015flad\u0131. Son olarak f\u0131r\u0131n say\u0131s\u0131n\u0131n artmas\u0131yla, yani arz\u0131n \u00e7o\u011falmas\u0131yla fiyatlar\u0131n y\u00fckselece\u011fini\u00a0iddia ederek, ekonomi tarihine tersten giri\u015f yapan Merkez Bankas\u0131, \u015fimdi de d\u00f6viz ihtiyac\u0131 ile ilgili inciler serpti ortaya\u2026<\/strong><\/em><\/p><div class=\"bilge-yaziust\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-2093820620\"><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>&nbsp;<\/p>\n<p>Merkez Bankas\u0131 Piyasalar Genel M\u00fcd\u00fcr\u00fc Erkan Kilimci, yapt\u0131\u011f\u0131 sunumda, \u00f6n\u00fcm\u00fczdeki d\u00f6nem T\u00fcrkiye\u2019nin d\u00f6viz ihtiyac\u0131n\u0131n d\u00fc\u015fece\u011fini s\u00f6yledi. Neden? Cari a\u00e7\u0131k azal\u0131yor ve enerji fiyatlar\u0131 d\u00fc\u015f\u00fcyor. \u015eimdi bu kadar\u0131na dalga ge\u00e7mek denir.<\/p>\n<p>&nbsp;<\/p>\n<p>Ocak ihracat\u0131n\u0131n a\u00e7\u0131kland\u0131\u011f\u0131 ve y\u00fczde 14,4 azald\u0131\u011f\u0131, periyodik olarak d\u0131\u015f sat\u0131m\u0131n geriledi\u011fi, turizm gelirlerinin \u00e7\u00f6kt\u00fc\u011f\u00fc, enerji maiyetlerinin de birim de\u011fer baz\u0131nda azald\u0131\u011f\u0131, dolar \/ TL hesab\u0131nda da artt\u0131\u011f\u0131 bir ortamda bu ne kadar ger\u00e7ek\u00e7i?<\/p>\n<p>&nbsp;<\/p>\n<p>T\u00fcm gelirleriniz d\u00fc\u015fm\u00fc\u015f; \u00f6demeniz gereken bankac\u0131l\u0131\u011f\u0131n a\u011f\u0131rl\u0131kta oldu\u011fu \u00f6zel sekt\u00f6r\u00fcn k\u0131sa vadeli bor\u00e7lar\u0131 var ve d\u00f6viz ihtiyac\u0131 azalacak \u00f6yle mi? Birisinin ekonomi kurmaylar\u0131na ticaret yap\u0131lamad\u0131\u011f\u0131 i\u00e7in cari a\u00e7\u0131kta azalma oldu\u011funu hat\u0131rlatmas\u0131 gerekiyor.<\/p>\n<p>&nbsp;<\/p>\n<p>Dolar fiyat\u0131n\u0131 a\u015fa\u011f\u0131ya \u00e7ekmek i\u00e7in, k\u00e2\u011f\u0131t \u00fczeri bankalar aras\u0131 al\u0131m sat\u0131mlar yap\u0131ld\u0131\u011f\u0131n\u0131, yetmedi\u011fi yerde rezervlerdeki paralar\u0131n kullan\u0131ld\u0131\u011f\u0131n\u0131, d\u00f6viz mevduat hesaplar\u0131ndaki rakamlar\u0131n bile ortalara sa\u00e7\u0131ld\u0131\u011f\u0131n\u0131 bilmiyor muyuz? O zaman bunlar\u0131 niye yap\u0131yorsunuz?<\/p>\n<p>&nbsp;<\/p>\n<p>\u015eimdi diyecekler ki \u2018bankalar\u0131m\u0131z\u0131n durumu gayet iyi ve yurtd\u0131\u015f\u0131 ba\u011f\u0131ml\u0131l\u0131\u011f\u0131 yok.\u2019 Peki o zaman bu haber ne? \u201cStandard&amp;Poor&#8217;s (S&amp;P), d\u0131\u015f risklerin T\u00fcrk bankalar\u0131n\u0131n fon ve varl\u0131k kalitesine etkisini inceleyen raporunu a\u00e7\u0131klad\u0131. Rapora g\u00f6re; T\u00fcrk bankalar\u0131n\u0131n a\u011f\u0131rl\u0131kl\u0131 olarak yurtd\u0131\u015f\u0131ndan finansmana ba\u011f\u0131ml\u0131l\u0131\u011f\u0131 nedeniyle k\u00fcresel likidite ve risk alg\u0131s\u0131ndaki de\u011fi\u015fikliklere kar\u015f\u0131 hassas oldu\u011funu s\u00f6yledi.<\/p>\n<p>Bankalar\u0131n fonlama ve aktif kalitesinin k\u0131r\u0131lgan oldu\u011funun alt\u0131n\u0131 \u00e7izen kurulu\u015f, bu iki unsurun \u015fu anda bir tehdit olu\u015fturmamas\u0131na ra\u011fmen, politikalardaki belirsizlik ve yurtd\u0131\u015f\u0131 ortamdan kaynaklanabilecek ekonomik bask\u0131 ve g\u00fcven erozyonu ger\u00e7ek sorunlar\u0131n olu\u015fmas\u0131na yol a\u00e7abilece\u011fi kaydedildi.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p>Demek ki finansman ile ilgili hem gider, hem de gelir kalemlerinde \u00f6nemli bir problemle kar\u015f\u0131 kar\u015f\u0131yay\u0131z. Petrol \/\u00a0 do\u011fal giderimizin rakam baz\u0131nda d\u00fc\u015fmesi, dolar \/ TL maliyeti a\u00e7\u0131s\u0131ndan y\u00fckselmesi sorunu bire bir ortada tutuyor.<\/p><div class=\"bilge-content-1\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-4173310557\"><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>&nbsp;<\/p>\n<p>D\u0131\u015f ticaretin azal\u0131yor olmas\u0131, giderler kadar gelirlerin de azald\u0131\u011f\u0131 anlam\u0131na geliyor. Peki, d\u00f6viz pozisyon a\u00e7\u0131\u011f\u0131 b\u00fcy\u00fcyen hem reel sekt\u00f6r, hem de T\u00fcrkiye bu ihtiyac\u0131n\u0131 nas\u0131l kar\u015f\u0131layacak?<\/p>\n<p>&nbsp;<\/p>\n<p>Yani rakamlar\u0131n d\u00fc\u015f\u00fcyor olmas\u0131, ihtiyac\u0131n\u0131z\u0131n \u015fiddetinin azald\u0131\u011f\u0131 anlam\u0131na gelmez. Aksine parasal k\u0131tla\u015fma, ihtiyac\u0131n \u015fiddetini daha da artt\u0131r\u0131r ve finansman problemi ortaya \u00e7\u0131kar\u0131r. 10 bin TL geliriniz varken, 3 bin TL\u2019lik gider sorun te\u015fkil etmeyebilir.<\/p>\n<p>&nbsp;<\/p>\n<p>Ama 3 bin TL\u2019lik gelirde, gideriniz azalsa da \u00f6rne\u011fin 2 bin TL\u2019nin finansman ihtiyac\u0131 \u015fiddeti daha y\u00fcksektir. \u0130htiyac\u0131n\u0131z dolar ise ve dolar basam\u0131yorsan\u0131z, d\u00f6viz ihtiyac\u0131n\u0131z azalmaz. Lakin bu durum ger\u00e7ek de\u011filse, Merkez Bankas\u0131\u2019na \u00e7a\u011fr\u0131md\u0131r; fazlas\u0131n\u0131 vatanda\u015fa da\u011f\u0131t\u0131n.<\/p>\n<p><a href=\"mailto:cetinunsalan@yahoo.com\">cetinunsalan@yahoo.com<\/a><\/p><div class=\"bilge-content-2\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-1721717673\"><ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-7495567325667578\"\r\n     data-ad-slot=\"1818807385\"\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","protected":false},"excerpt":{"rendered":"<p>T\u00fcrkiye\u2019de ger\u00e7ekleri gizlemek i\u00e7in takla atan ekonomi y\u00f6netimi, git gide kontrol\u00fc ka\u00e7\u0131rmaya ba\u015flad\u0131. Son olarak f\u0131r\u0131n say\u0131s\u0131n\u0131n artmas\u0131yla, yani arz\u0131n \u00e7o\u011falmas\u0131yla fiyatlar\u0131n y\u00fckselece\u011fini\u00a0iddia ederek, ekonomi&hellip;<\/p>\n","protected":false},"author":5,"featured_media":0,"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":[904,808,801],"class_list":["post-43922","post","type-post","status-publish","format-standard","hentry","category-tumyazilar","tag-cetin-unsalan-yazilari","tag-ekonomi-makaleleri","tag-ekonomi-yazarlari-listesi"],"_links":{"self":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/43922","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\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/comments?post=43922"}],"version-history":[{"count":0,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/43922\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media?parent=43922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/categories?post=43922"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/tags?post=43922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}