{"id":55418,"date":"2018-07-25T13:01:38","date_gmt":"2018-07-25T10:01:38","guid":{"rendered":"https:\/\/www.bilgeyatirimci.com\/?p=55418"},"modified":"2018-07-25T13:01:38","modified_gmt":"2018-07-25T10:01:38","slug":"mahfi-egilmez-kur-faiz-enflasyon-uclusu","status":"publish","type":"post","link":"https:\/\/www.bilgeyatirimci.com\/i\/mahfi-egilmez-kur-faiz-enflasyon-uclusu\/","title":{"rendered":"Mahfi E\u011filmez &#8211; Kur, Faiz, Enflasyon \u00dc\u00e7l\u00fcs\u00fc"},"content":{"rendered":"<h2>Mahfi E\u011filmez&#8217;in bug\u00fcnk\u00fc yaz\u0131s\u0131<\/h2>\n<p>Prof. Dr. Veysel Ulusoy twitter hesab\u0131ndan bir \u015fema payla\u015ft\u0131. \u00d6nce o \u015femay\u0131 g\u00f6sterelim<\/p><div class=\"bilge-yaziust\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-2164187958\"><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><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-55419\" src=\"https:\/\/www.bilgeyatirimci.com\/wp-content\/uploads\/2018\/07\/kur-faiz-enflasyon.png\" alt=\"\" width=\"392\" height=\"114\" srcset=\"https:\/\/www.bilgeyatirimci.com\/wp-content\/uploads\/2018\/07\/kur-faiz-enflasyon.png 392w, https:\/\/www.bilgeyatirimci.com\/wp-content\/uploads\/2018\/07\/kur-faiz-enflasyon-300x87.png 300w\" sizes=\"auto, (max-width: 392px) 100vw, 392px\" \/><\/p>\n<p>Bu \u015feman\u0131n alt\u0131na da \u015f\u00f6yle bir not eklenmi\u015fti: Bu \u00fc\u00e7\u00fcnden ancak birini sabit tutabilir, kontrol edebilirsiniz. Di\u011fer ikisi dalgalanmaya b\u0131rak\u0131l\u0131r (yani denetim d\u0131\u015f\u0131d\u0131r.)<\/p>\n<p>Bu \u015fema ve a\u00e7\u0131klama ekonomi biliminde \u00fc\u00e7l\u00fc a\u00e7maz (trilemma) diye bilinen hipotezi basit bir \u015fekilde a\u00e7\u0131kl\u0131yor. \u00dc\u00e7l\u00fc a\u00e7maz hipotezine g\u00f6re; sermaye hareketlerinin serbestli\u011fi, sabit d\u00f6viz kuru ve ba\u011f\u0131ms\u0131z para politikas\u0131 uygulamas\u0131 ayn\u0131 anda var olamaz.<\/p>\n<p>T\u00fcrkiye uygulamas\u0131na bu hipotez \u00e7er\u00e7evesinde y\u00fczeysel olarak bakarsak; sermaye hareketlerinin herhangi bir denetime tabi olmad\u0131\u011f\u0131n\u0131, d\u00f6viz kuru rejiminin dalgal\u0131 kur rejimi oldu\u011funu, faizlerin serbest piyasada arz ve talebe g\u00f6re belirlendi\u011fini, buna kar\u015f\u0131l\u0131k para politikas\u0131n\u0131n ba\u011f\u0131ms\u0131z oldu\u011funu ve dolay\u0131s\u0131yla Merkez Bankas\u0131\u2019n\u0131n enflasyon hedeflemesi uygulad\u0131\u011f\u0131n\u0131 g\u00f6r\u00fcr\u00fcz.<\/p>\n<p>Buna kar\u015f\u0131l\u0131k ayn\u0131 uygulamaya biraz derinden bakarsak farkl\u0131 \u015feyler g\u00f6r\u00fcr\u00fcz. Daha dikkatli bakt\u0131\u011f\u0131m\u0131zda sermaye hareketlerinin serbest oldu\u011funu, d\u00f6viz kuru rejiminin dalgal\u0131 kur rejimi oldu\u011funu, faizlerin serbest piyasada arz ve talebe g\u00f6re belirlendi\u011fini, buna kar\u015f\u0131l\u0131k baz\u0131 kamu bankalar\u0131 arac\u0131l\u0131\u011f\u0131yla faizler \u00fczerinde ge\u00e7ici olarak ve k\u0131smen bask\u0131 uyguland\u0131\u011f\u0131n\u0131 g\u00f6r\u00fcr\u00fcz. Faizler \u00fczerindeki bu ge\u00e7ici ve k\u0131smi bask\u0131laman\u0131n \u00fc\u00e7l\u00fc a\u00e7maz hipotezinin \u00f6ng\u00f6rd\u00fcklerinden \u00f6nemli bir sapma yaratmad\u0131\u011f\u0131n\u0131 s\u00f6yleyebilecek durumday\u0131z.<\/p>\n<h6>Yaz\u0131n\u0131n devam\u0131 i\u00e7in <a href=\"http:\/\/www.mahfiegilmez.com\/2018\/07\/kur-faiz-enflasyon-uclusu.html\" target=\"_blank\" rel=\"noopener nofollow external\" data-wpel-link=\"external\">TIKLAYINIZ<\/a>.<\/h6>\n","protected":false},"excerpt":{"rendered":"<p>Mahfi E\u011filmez&#8217;in bug\u00fcnk\u00fc yaz\u0131s\u0131 Prof. Dr. Veysel Ulusoy twitter hesab\u0131ndan bir \u015fema payla\u015ft\u0131. \u00d6nce o \u015femay\u0131 g\u00f6sterelim Bu \u015feman\u0131n alt\u0131na da \u015f\u00f6yle bir not eklenmi\u015fti:&hellip;<\/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-55418","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\/55418","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=55418"}],"version-history":[{"count":0,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/55418\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media?parent=55418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/categories?post=55418"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/tags?post=55418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}