{"id":58320,"date":"2019-07-09T12:50:19","date_gmt":"2019-07-09T09:50:19","guid":{"rendered":"https:\/\/www.bilgeyatirimci.com\/?p=58320"},"modified":"2019-07-09T12:43:17","modified_gmt":"2019-07-09T09:43:17","slug":"merkez-bankasinda-gorev-degisikligi-ne-ifade-ediyor","status":"publish","type":"post","link":"https:\/\/www.bilgeyatirimci.com\/i\/merkez-bankasinda-gorev-degisikligi-ne-ifade-ediyor\/","title":{"rendered":"Merkez Bankas\u0131&#8217;nda g\u00f6rev de\u011fi\u015fikli\u011fi ne ifade ediyor?"},"content":{"rendered":"<p>&#8211; wp:paragraph &#8211;><\/p><div class=\"bilge-yaziust\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-2791635251\"><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>T\u00fcrkiye Cumhuriyet Merkez Bankas\u0131 Ba\u015fkan\u0131 Murat \u00c7etinkaya g\u00f6revinden al\u0131nd\u0131. Yerine Banka\u2019da Ba\u015fkan Yard\u0131mc\u0131s\u0131 olarak g\u00f6rev yapan Murat Uysal atand\u0131.<\/p>\n<p>&#8211; \/wp:paragraph &#8211;><\/p>\n<p>&#8211; wp:paragraph &#8211;><\/p>\n<p>T\u00fcrkiye gibi Orta Do\u011fu\u2019da demokrasiyi ya\u015famaya \u00e7al\u0131\u015fan, AB ile \u00fcyelik m\u00fczakereleri yapan ve G20\u2019de yer alan bir \u00fclkede Merkez Bankas\u0131 Ba\u015fkan\u0131 g\u00f6revinden al\u0131nm\u0131\u015fsa bu \u00f6nemli haberdir. \u00dcst\u00fcnde konu\u015fmak, sebeplerini ve olas\u0131 etkilerini tart\u0131\u015fmak gerekir.<\/p>\n<p>&#8211; \/wp:paragraph &#8211;><\/p>\n<p>&#8211; wp:paragraph &#8211;><\/p>\n<p>Ba\u015fkan\u2019\u0131 g\u00f6revden alan kararnamede 375 say\u0131l\u0131 KHK\u2019ye dayand\u0131r\u0131larak Banka\u2019n\u0131n \u2018kurumsal hedefleri\u2019 tutturamad\u0131\u011f\u0131 belirtilmi\u015ftir. Di\u011fer yandan, Banka\u2019y\u0131 d\u00fczenleyen Kanun\u2019da 27. Ve 28. Maddelerde Ba\u015fkan\u2019\u0131n g\u00f6revden affolunmas\u0131 \u015fartlar\u0131 belirtilmi\u015ftir. Kurumsal hedeflerin tutmamas\u0131 bu \u015fartlardan biri de\u011fildir. Bu sebeple Kanun ve KHK \u00e7eli\u015fkisi ya\u015fanmaktad\u0131r. Hukuk tekni\u011fi bak\u0131m\u0131ndan b\u00f6ylesi bir durum ister istemez tart\u0131\u015fma yaratacakt\u0131r.<\/p><div class=\"bilge-content-1\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-954135393\"><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>&#8211; \/wp:paragraph &#8211;><\/p>\n<p>&#8211; wp:paragraph &#8211;><\/p>\n<p>Karara esas olan \u2018kurumsal hedefler\u2019 konusunda konu\u015fmak da konuyu ayd\u0131nlatmakta yarar sa\u011flayacakt\u0131r.<\/p>\n<p>&#8211; \/wp:paragraph &#8211;><\/p><div class=\"bilge-content-2\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-1548884804\"><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>&#8211; wp:paragraph &#8211;><\/p>\n<p>Tahminen, at\u0131fta bulunulan hedef \u2018enflasyon hedefi\u2019 olmal\u0131d\u0131r. \u00c7\u00fcnk\u00fc TCMB\u2019nin yaz\u0131l\u0131 tek hedefi budur. Banka fiyat istikrar\u0131n\u0131 hedeflemektedir.<\/p>\n<p>&#8211; \/wp:paragraph &#8211;><\/p>\n<p>&#8211; wp:paragraph &#8211;><\/p>\n<p>B\u00fct\u00fcn geli\u015fmi\u015f merkez bankac\u0131l\u0131\u011f\u0131 \u00f6rneklerinde hedefler vard\u0131r. Amerika\u2019da Fed en \u00e7ok istihdam\u0131 ve %2\u2019lik enflasyonu hedeflerken, Avrupa\u2019da ECB sadece %2\u2019lik enflasyonu ama\u00e7lar.<\/p>\n<p>&#8211; \/wp:paragraph &#8211;><\/p>\n<p>&#8211; wp:paragraph &#8211;><\/p>\n<p>Hedefler basit g\u00f6r\u00fcnmekle beraber asl\u0131nda her biri ilgili \u00fclkenin ekonomik dokusunu ve tarihini yans\u0131t\u0131r. Bu hedeflerin tutmas\u0131 i\u00e7in merkez bankalar\u0131n\u0131n geni\u015f olanaklar\u0131 vard\u0131r. Bu olanaklar\u0131n kutbu kredibilitedir. Ba\u011f\u0131ms\u0131z ve s\u00f6z\u00fcne g\u00fcvenilen merkez bankalar\u0131 sadece s\u00f6z vererek etki yarat\u0131rlar.<\/p>\n<p>&#8211; \/wp:paragraph &#8211;><\/p>\n<p>&#8211; wp:paragraph &#8211;><\/p>\n<p>Buraya kadar\u0131yla toparlayal\u0131m. Merkez bankalar\u0131 ba\u011f\u0131ms\u0131z de\u011fildir. \u00c7\u00fcnk\u00fc h\u00fck\u00fcmetlerle ortak \u00e7al\u0131\u015f\u0131rlar. Ancak bu ortakl\u0131kta para politikas\u0131 ba\u011f\u0131ms\u0131zl\u0131\u011f\u0131 kendilerine aittir. G\u00fcveni yaratan budur. B\u00f6ylece ellerindeki imkanlar\u0131, k\u0131sa vadeli politik hedefleri olan h\u00fck\u00fcmetlere kulland\u0131rmayacaklar\u0131 herkes\u00e7e bilinir.<\/p>\n<p>&#8211; \/wp:paragraph &#8211;><\/p>\n<p>&#8211; wp:paragraph &#8211;><\/p>\n<p>Bankalar\u0131n ama\u00e7 ba\u011f\u0131ms\u0131zl\u0131\u011f\u0131 da yoktur. Bu ama\u00e7lar kanunlar ile belirlenmi\u015ftir. Fed\u2019in g\u00f6revlerini d\u00fczenleyen maddeler 77-78 y\u0131llar\u0131nda karara ba\u011flanm\u0131\u015ft\u0131r \u00f6rne\u011fin. Art\u0131k bu bankalar\u0131n \u00fcst\u00fcne d\u00fc\u015fen, belirlenmi\u015f g\u00f6revleri ifa ederken kullanacaklar\u0131 aletleri se\u00e7mektir. Merkez bankalar\u0131n\u0131n bu anlamda ara\u00e7 ba\u011f\u0131ms\u0131zl\u0131\u011f\u0131 vard\u0131r.<\/p>\n<p>&#8211; \/wp:paragraph &#8211;><\/p>\n<p>&#8211; wp:paragraph &#8211;><\/p>\n<p>Bu ba\u011f\u0131ms\u0131zl\u0131k \u00e7ok geriye gitmez. MB\u2019lerin ba\u011f\u0131ms\u0131z olmas\u0131 gerekti\u011fine ili\u015fkin literat\u00fcr 80\u2019lerin sonuna do\u011fru geni\u015flemi\u015f ve 90\u2019lar\u0131n ba\u015f\u0131nda ancak anla\u015f\u0131labilmi\u015ftir. O s\u0131ralar d\u00fcnya y\u00fcksek enflasyon ile bo\u011fu\u015fuyordu. Yap\u0131lan \u00e7al\u0131\u015fmalar enflasyon ve MB ba\u011f\u0131ms\u0131zl\u0131\u011f\u0131 aras\u0131nda negatif korelasyon g\u00f6sterirken, b\u00fcy\u00fcme ile ilgili b\u00f6yle bir bulguya rastlanmam\u0131\u015ft\u0131r*.<\/p>\n<p>&#8211; \/wp:paragraph &#8211;><\/p>\n<p>&#8211; wp:paragraph &#8211;><\/p>\n<p>T\u00fcrk\u00e7e meali, enflasyon hedeflerinin ba\u011f\u0131ms\u0131z MB\u2019ler taraf\u0131ndan tutturulmas\u0131 makro ekonomik b\u00fcy\u00fcme hedefleri ile \u00e7eli\u015fmez.<\/p>\n<p>&#8211; \/wp:paragraph &#8211;><\/p>\n<p>&#8211; wp:paragraph &#8211;><\/p>\n<p>G\u00fcn\u00fcm\u00fczde bir\u00e7ok merkez bankas\u0131n\u0131n politik bask\u0131 alt\u0131nda kalmas\u0131n\u0131 art\u0131k d\u00fcnyan\u0131n d\u00fc\u015f\u00fck faiz ortam\u0131nda olmas\u0131na ve korumac\u0131 &amp; pop\u00fclist dalgan\u0131n y\u00fckseli\u015fine ba\u011flayabiliriz.<\/p>\n<p>&#8211; \/wp:paragraph &#8211;><\/p>\n<p>&#8211; wp:paragraph &#8211;><\/p>\n<p><a href=\"http:\/\/bit.ly\/pb-borfin-tahvil-bono-1\" rel=\"external nofollow noopener\" data-wpel-link=\"external\" target=\"_blank\"><span style=\"color: #3366ff;font-weight:bold;\">TAHV\u0130L-BONO P\u0130YASASINDA NASIL YATIRIM YAPILIR? UZMANINDAN HEMEN \u00d6\u011eRENMEYE BA\u015eLA!<\/span><\/a><\/p>\n<p>&#8211; \/wp:paragraph &#8211;><\/p>\n<p>&#8211; wp:heading {&#8220;level&#8221;:6} &#8211;><\/p>\n<h6>Yaz\u0131n\u0131n devam\u0131 i\u00e7in <a href=\"https:\/\/www.haberturk.com\/yazarlar\/gokhan-sen\/2502477-merkez-bankasinda-gorev-degisikligi-ne-ifade-ediyor\" target=\"_blank\" rel=\"noreferrer noopener nofollow external\" aria-label=\"TIKLAYINIZ (yeni sekmede a\u00e7\u0131l\u0131r)\" data-wpel-link=\"external\">TIKLAYINIZ<\/a>.<\/h6>\n<p>&#8211; \/wp:heading &#8211;><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8211; wp:paragraph &#8211;> T\u00fcrkiye Cumhuriyet Merkez Bankas\u0131 Ba\u015fkan\u0131 Murat \u00c7etinkaya g\u00f6revinden al\u0131nd\u0131. Yerine Banka\u2019da Ba\u015fkan Yard\u0131mc\u0131s\u0131 olarak g\u00f6rev yapan Murat Uysal atand\u0131. &#8211; \/wp:paragraph &#8211;>&hellip;<\/p>\n","protected":false},"author":3966,"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":[808,801,2196],"class_list":["post-58320","post","type-post","status-publish","format-standard","hentry","category-tumyazilar","tag-ekonomi-makaleleri","tag-ekonomi-yazarlari-listesi","tag-gokhan-sen-yazilari"],"_links":{"self":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/58320","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\/3966"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/comments?post=58320"}],"version-history":[{"count":0,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/58320\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media?parent=58320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/categories?post=58320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/tags?post=58320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}