{"id":54847,"date":"2018-06-06T18:38:42","date_gmt":"2018-06-06T15:38:42","guid":{"rendered":"https:\/\/www.bilgeyatirimci.com\/?p=54847"},"modified":"2018-06-07T03:39:38","modified_gmt":"2018-06-07T00:39:38","slug":"mahfi-egilmez-merkez-bankasinin-faiz-reaksiyonu","status":"publish","type":"post","link":"https:\/\/www.bilgeyatirimci.com\/i\/mahfi-egilmez-merkez-bankasinin-faiz-reaksiyonu\/","title":{"rendered":"Mahfi E\u011filmez – Merkez Bankas\u0131’n\u0131n Faiz Reaksiyonu"},"content":{"rendered":"
TL\u2019nin D\u0131\u015f De\u011feri ve Merkez Bankas\u0131\u2019n\u0131n \u0130\u015flevi<\/strong> D\u0131\u015f nedenler dolar ya da Euro gibi iki \u00f6nemli rezerv paran\u0131n \u00e7e\u015fitli nedenlerle de\u011fer kazanmas\u0131 sonucu g\u00f6r\u00fcl\u00fcyor. Bu konularda bizim yapabilece\u011fimiz fazla bir \u015fey yok. \u00c7\u00fcnk\u00fc elimizde s\u0131n\u0131rl\u0131 miktarda d\u00f6viz var ve o s\u0131n\u0131rl\u0131 d\u00f6vizle d\u0131\u015f\u0131m\u0131zdaki olaylar\u0131 dengelememiz m\u00fcmk\u00fcn de\u011fil. Bu durumda d\u0131\u015f olaylar\u0131 veri olarak kabul etmemiz gerekiyor.<\/p>\n \u0130\u00e7 nedenler siyasal, sosyal ve ekonomik nedenlere dayan\u0131yor. Ve bunlar\u0131n hepsi risk art\u0131\u015f\u0131 ya da risk d\u00fc\u015f\u00fc\u015f\u00fcne yol a\u00e7arak TL\u2019nin d\u0131\u015f de\u011ferini etkiliyor. \u00dclke riskindeki de\u011fi\u015fimi \u00f6l\u00e7menin en kestirme yolu CDS primlerine bakmak.[i] Kredi \u00f6l\u00e7\u00fcm kurulu\u015flar\u0131n\u0131n kredi notlar\u0131 da bir g\u00f6sterge olmakla birlikte CDS primi her g\u00fcn, her an yeniden belirlendi\u011fi i\u00e7in \u00e7ok daha g\u00fcncel ve hassas bir \u00f6l\u00e7\u00fc.<\/p>\n Merkez Bankas\u0131\u2019n\u0131n tek g\u00f6revi, kurulu\u015f yasas\u0131nda, fiyat istikrar\u0131n\u0131 sa\u011flamak olarak tan\u0131mlanm\u0131\u015f bulunuyor.[ii] Fiyat istikrar\u0131n\u0131 sa\u011flamak deyimiyle kastedilen \u015fey \u00fclkede enflasyonist ya da deflasyonist e\u011filimleri \u00f6nleyerek TL\u2019yi de\u011fer kaybetmeden ya da a\u015f\u0131r\u0131 de\u011ferlenmeden istikrarl\u0131 bi\u00e7imde tutabilmek. Bunun yolu para politikas\u0131 ara\u00e7lar\u0131n\u0131 bu amaca uygun bi\u00e7imde uygulayabilmekten ge\u00e7iyor. Merkez Bankas\u0131, yine kurulu\u015f yasas\u0131nda yer alan d\u00fczenlemeye g\u00f6re amaca ula\u015ft\u0131racak ara\u00e7lar\u0131 uygulamakta ba\u011f\u0131ms\u0131z. Para politikas\u0131n\u0131n birka\u00e7 arac\u0131 var. En etkin olan\u0131 faiz politikas\u0131 oldu\u011funa g\u00f6re Merkez Bankas\u0131n\u0131n, enflasyonist e\u011filimler oldu\u011funda faizleri art\u0131rmas\u0131, deflasyonist e\u011filimler oldu\u011funda faizleri d\u00fc\u015f\u00fcrmesi gerekiyor.<\/p>\n Mahfi E\u011filmez’in bug\u00fcnk\u00fc yaz\u0131s\u0131 TL\u2019nin D\u0131\u015f De\u011feri ve Merkez Bankas\u0131\u2019n\u0131n \u0130\u015flevi TL\u2019nin de\u011fer kayb\u0131 d\u0131\u015f ve i\u00e7 nedenlerle ortaya \u00e7\u0131k\u0131yor. D\u0131\u015f nedenler dolar ya da…<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"closed","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":[808,801,847],"class_list":["post-54847","post","type-post","status-publish","format-standard","hentry","category-tumyazilar","tag-ekonomi-makaleleri","tag-ekonomi-yazarlari-listesi","tag-mahfi-egilmez-yazilari"],"_links":{"self":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/54847","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\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/comments?post=54847"}],"version-history":[{"count":0,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/54847\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media?parent=54847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/categories?post=54847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/tags?post=54847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nTL\u2019nin de\u011fer kayb\u0131 d\u0131\u015f ve i\u00e7 nedenlerle ortaya \u00e7\u0131k\u0131yor.<\/p>\nYaz\u0131n\u0131n devam\u0131 i\u00e7in TIKLAYINIZ<\/a>.<\/h6>\n","protected":false},"excerpt":{"rendered":"