{"id":53014,"date":"2018-01-16T10:31:56","date_gmt":"2018-01-16T07:31:56","guid":{"rendered":"https:\/\/www.bilgeyatirimci.com\/?p=53014"},"modified":"2018-01-16T10:31:56","modified_gmt":"2018-01-16T07:31:56","slug":"taner-berksoy-dis-odemelerde-risk-artti","status":"publish","type":"post","link":"https:\/\/www.bilgeyatirimci.com\/i\/taner-berksoy-dis-odemelerde-risk-artti\/","title":{"rendered":"Taner Berksoy – D\u0131\u015f \u00f6demelerde risk artt\u0131"},"content":{"rendered":"
T\u00fcrkiye ekonomisi kronik d\u0131\u015f a\u00e7\u0131k ekonomisidir. Mal ve hizmet ihracat\u0131ndan elde edilen d\u00f6viz geliri mal ve hizmet ithalat\u0131 i\u00e7in harcanan d\u00f6vizden azd\u0131r. Bu durumda d\u0131\u015f \u00f6demelerinde kronik bir a\u00e7\u0131k olu\u015fur. Bu a\u00e7\u0131\u011f\u0131 d\u0131\u015far\u0131dan gelen do\u011frudan yat\u0131r\u0131mlardan kaynaklanan d\u00f6viz ve\/veya d\u0131\u015far\u0131ya sat\u0131lan tahvil, hisse senedi vb. gibi portf\u00f6y yat\u0131r\u0131mlar\u0131n\u0131n sa\u011flad\u0131\u011f\u0131 d\u00f6viz giri\u015fi ile finanse etmek m\u00fcmk\u00fcnd\u00fcr. \u00d6deme a\u00e7\u0131\u011f\u0131 oldu\u011fu s\u00fcrece bunun finansman\u0131 da gerekece\u011fi i\u00e7in bu iki kaynaktan sa\u011flanan finansman en tercihe \u015fayan \u00e7\u00f6z\u00fcmd\u00fcr. Zira bunlar bor\u00e7luluk yaratmaz. Do\u011frudan yat\u0131r\u0131m ve portf\u00f6y yat\u0131r\u0131mlar\u0131n\u0131n boyu a\u00e7\u0131\u011f\u0131 finansa etmekte k\u0131sa kal\u0131rsa \u00e7aresiz olarak bor\u00e7lanma devreye girer.<\/p>