{"id":46650,"date":"2016-08-28T22:17:52","date_gmt":"2016-08-28T19:17:52","guid":{"rendered":"https:\/\/www.bilgeyatirimci.com\/?p=46650"},"modified":"2016-08-28T22:17:52","modified_gmt":"2016-08-28T19:17:52","slug":"cetin-unsalan-parasal-genisleme-ic-piyasanin-dermani-mi","status":"publish","type":"post","link":"https:\/\/www.bilgeyatirimci.com\/i\/cetin-unsalan-parasal-genisleme-ic-piyasanin-dermani-mi\/","title":{"rendered":"\u00c7etin \u00dcnsalan &#8211; Parasal geni\u015fleme i\u00e7 piyasan\u0131n derman\u0131 m\u0131?"},"content":{"rendered":"<p><em><strong>T\u00fcrkiye\u2019nin konu\u015fulmayan ve herkesin sessiz kald\u0131\u011f\u0131 konusu, i\u00e7 piyasadaki b\u00fcy\u00fck t\u0131kan\u0131kl\u0131k. Bunu ne yetkililer dile getiriyor ne de esnaftan fabrika sahibine reel sekt\u00f6r mensuplar\u0131. Ama bug\u00fcn b\u00fcy\u00fck bir finans s\u0131k\u0131nt\u0131s\u0131n\u0131n ya\u015fand\u0131\u011f\u0131n\u0131 herkes biliyor.<\/strong><\/em><\/p><div class=\"bilge-yaziust\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-3729760305\"><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>Halk ekonomisi cephesine d\u00f6nersek, orada da durum farkl\u0131 de\u011fil. G\u0131rtla\u011fa dayanm\u0131\u015f bir bor\u00e7 ve y\u0131llarca t\u00fcketim ekonomisi uygulanm\u0131\u015f bir iklimde kendisini d\u00f6nd\u00fcrmekte zorlanan insanlar ger\u00e7e\u011fi\u2026<\/p>\n<p>Asl\u0131nda bu yeni bir \u015fey de\u011fil. Y\u0131llarca durum hep b\u00f6yleydi de, kumar ekonomisinin besledi\u011fi ortam, t\u00fcketicinin de reel sekt\u00f6r\u00fcn de s\u0131k\u0131nt\u0131y\u0131 \u00f6telemesini, gelece\u011finden harcamas\u0131n\u0131 sa\u011fl\u0131yordu. Bu nedenle de sanal bir b\u00fcy\u00fcme ya\u015fan\u0131rken, kalk\u0131nmas\u0131z ekonomi borca bat\u0131yordu.<\/p>\n<p>\u015eimdi muslu\u011fun suyu kesilip para gelmeyince, boyalar d\u00f6k\u00fclmeye ba\u015flad\u0131. T\u0131kanmay\u0131 \u00f6nlemek i\u00e7in de farkl\u0131 metotlar geli\u015ftirdi. Net hata noksan ad\u0131 alt\u0131nda, piyasaya kayna\u011f\u0131 belirsiz para sokuldu. Son aylardaki performans g\u00f6steriyor ki, eksi bakiyeyle o bile \u00e7\u0131k\u0131\u015fa ge\u00e7ti.<\/p>\n<p>D\u00fcnya ekonomisini okuyamayan ve b\u00fcy\u00fcme \u0131srar\u0131n\u0131 s\u00fcrd\u00fcren T\u00fcrkiye ise, halen insanlar\u0131n t\u00fcketebilmesi ve yat\u0131r\u0131m yapmas\u0131 \u00fczerinden medet umuyorum. Fakat g\u00fcnl\u00fck ihtiyac\u0131n\u0131 kar\u015f\u0131layamayan vatanda\u015f da, kapasitesini dolduramayan reel sekt\u00f6r de bunun m\u00fcmk\u00fcn olmad\u0131\u011f\u0131n\u0131 g\u00f6r\u00fcyor; sadece konu\u015fam\u0131yor.<\/p>\n<p>\u015eimdi fon yarat\u0131p, bunun makyaj\u0131yla piyasaya kontrols\u00fcz para vermeye, bu yolla da hareketlenen piyasalar \u00fczerinden ekonomiyi b\u00fcy\u00fctmeye y\u00f6nelen bir anlay\u0131\u015f ortaya \u00e7\u0131kt\u0131. Bu her haliyle g\u00f6z\u00fck\u00fcyor.<\/p>\n<p>Peki, kritik soru \u015fu: Ger\u00e7ekten parasal geni\u015fleme ya da herkesin bildi\u011fi tan\u0131m\u0131yla para basma, kontrols\u00fcz bir bi\u00e7imde yap\u0131l\u0131rsa i\u00e7 piyasay\u0131, dolay\u0131s\u0131yla ekonomiyi hareketlendirir mi? Bankalar buna zorlan\u0131rsa olaca\u011f\u0131 s\u00f6yleyeyim.<\/p>\n<p>\u00d6ncelikle bankalar kredi veriyormu\u015f gibi davran\u0131r vermez. Bu projeyi Fitch\u2019in 15 T\u00fcrk bankas\u0131n\u0131n kredi notunu d\u00fc\u015f\u00fcrd\u00fc\u011f\u00fc foto\u011fraf i\u00e7inde hayata ge\u00e7irmeye \u00e7al\u0131\u015f\u0131yoruz.<\/p><div class=\"bilge-content-1\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-1044387294\"><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>Olur da verirse reel sekt\u00f6r TL krediyi al\u0131r, dolar borcunu kapatmaya kullan\u0131r ve dolar talebi yarat\u0131r. Bu da dolar\/TL kurunu olumsuz etkiler. \u00c7\u00fcnk\u00fc bu trendi g\u00f6ren yabanc\u0131lar da dolar talebiyle ortaya \u00e7\u0131kar ve kar\u015f\u0131lanamayan talep, dolar\u0131 istenmeyen seviyelere g\u00f6t\u00fcr\u00fcr.<\/p>\n<p>Vatanda\u015f kredi bulursa ne yapar? Al\u0131r borcunu harc\u0131n\u0131 \u00f6der. A\u011f\u0131rl\u0131kl\u0131 olarak nereye bor\u00e7lu? Bankalara\u2026 Yani bankalardan \u00e7\u0131kan para, \u00fczerine faiz al\u0131n\u0131p tekrar bankalara d\u00f6ner. O zaman da bu i\u00e7 piyasada hareketlenme yaratmad\u0131\u011f\u0131 gibi, dengelerin de tamamen bozulmas\u0131na neden olur.<\/p>\n<p>Bir g\u00f6r\u00fc\u015f de bu yolla \u00fcretimin kurtulaca\u011f\u0131 y\u00f6n\u00fcnde. \u00dcretim yap\u0131m\u0131z\u0131n i\u00e7indeki ithalat pay\u0131, \u00fcretici imalat yapmaya niyetlense bile, ithalat\u0131 k\u00f6r\u00fckler ve ara mal\u0131yla birlikte t\u00fcketim mallar\u0131nda da ithal \u00fcr\u00fcnler yine nefes al\u0131r.<\/p>\n<p>Yani sonu\u00e7ta para \u00fcreticiye yaramaz ve riskini artt\u0131rmas\u0131na neden olur. Bunu bilen sanayici ya da KOB\u0130\u2019de ilk alabildi\u011fi krediyle bor\u00e7 kapatmaya y\u00f6nelecektir. Eskiden, yani paran\u0131n bol oldu\u011fu d\u00f6nemde, yurtd\u0131\u015f\u0131ndan bor\u00e7lanmak yerine, kontroll\u00fc bir bi\u00e7imde, te\u015fviklerle bezenerek yap\u0131lsayd\u0131 sonu\u00e7 verebilirdi.<\/p><div class=\"bilge-content-2\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-2466262186\"><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<p>Ama bug\u00fcn sonu\u00e7ta bir k\u0131s\u0131r d\u00f6ng\u00fc ile kar\u015f\u0131 kar\u015f\u0131yay\u0131z. Yurtd\u0131\u015f\u0131 kayna\u011f\u0131m\u0131z olmad\u0131\u011f\u0131na g\u00f6re de i\u00e7teki paran\u0131n maliyetini dikkate almal\u0131y\u0131z. Yurtd\u0131\u015f\u0131 \u00f6demelerimiz oldu\u011funu da unutmadan.<\/p>\n<p>Bunu a\u015fabilmenin tek yolu, g\u00fcn\u00fc kurtarmak yerine, sorunla y\u00fczle\u015fip, ka\u00e7\u0131n\u0131lmaz faturay\u0131 ortaya koyup, bedelini \u00f6deyip, yar\u0131n\u0131 kurtarmakt\u0131r. 3-4 ayl\u0131k saadet i\u00e7in, bir kere daha gelece\u011fimizi yakmayal\u0131m.<\/p>\n<p><a href=\"mailto:cetinunsalan@yahoo.com\">cetinunsalan@yahoo.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>T\u00fcrkiye\u2019nin konu\u015fulmayan ve herkesin sessiz kald\u0131\u011f\u0131 konusu, i\u00e7 piyasadaki b\u00fcy\u00fck t\u0131kan\u0131kl\u0131k. Bunu ne yetkililer dile getiriyor ne de esnaftan fabrika sahibine reel sekt\u00f6r mensuplar\u0131. Ama&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-46650","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\/46650","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=46650"}],"version-history":[{"count":0,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/46650\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media?parent=46650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/categories?post=46650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/tags?post=46650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}