{"id":6585,"date":"2011-10-17T13:16:08","date_gmt":"2011-10-17T10:16:08","guid":{"rendered":"http:\/\/www.bilgeyatirimci.com\/?p=6585"},"modified":"2011-10-17T13:16:17","modified_gmt":"2011-10-17T10:16:17","slug":"parasal-genisleme","status":"publish","type":"post","link":"https:\/\/www.bilgeyatirimci.com\/i\/parasal-genisleme\/","title":{"rendered":"Parasal Geni\u015fleme"},"content":{"rendered":"<p>Merkez Bankas\u0131 yapt\u0131\u011f\u0131 sunumlarda uygulanmakta olan para politikas\u0131n\u0131n ekonomiyi geni\u015fletici nitelikleri olmad\u0131\u011f\u0131n\u0131n alt\u0131n\u0131 \u00e7iziyor.<br \/>\nVerilere bakt\u0131m, bunlar\u0131 Merkez Bankas\u0131&#8217;n\u0131n grafikleri ve arg\u00fcmanlar\u0131yla kar\u015f\u0131la\u015ft\u0131rd\u0131m.<br \/>\nKar\u015f\u0131ma Merkez Bankas\u0131&#8217;n\u0131n paray\u0131 \u00e7ok bolla\u015ft\u0131rd\u0131\u011f\u0131 ve geni\u015fletici para politikas\u0131 uygulamalar\u0131n\u0131n giderek artt\u0131\u011f\u0131 \u015feklinde bir tablo \u00e7\u0131kt\u0131.<br \/>\nVerileri sizinle de payla\u015fay\u0131m.<br \/>\n\u25a0 Merkez Bankas\u0131&#8217;n\u0131n bast\u0131\u011f\u0131 paray\u0131 g\u00f6steren para taban\u0131 ve rezerv para rakamlar\u0131n\u0131n y\u0131ll\u0131k art\u0131\u015f oran\u0131n\u0131n y\u00fczde 100&#8217;lere yakla\u015ft\u0131\u011f\u0131na i\u015faret ediyor.<br \/>\n\u25a0 Para arz\u0131 ise y\u00fczde 23.1 ile y\u00fczde 36 aras\u0131nda y\u00fckseli\u015f g\u00f6stermi\u015f.<br \/>\n\u25a0 Banka kredilerinin art\u0131\u015f oran\u0131 son zamanlarda yava\u015flam\u0131\u015f olsa bile y\u00fczde 40&#8217;larda.<br \/>\n\u25a0 Merkez Bankas\u0131&#8217;n\u0131n politika faiz oran\u0131 ise enflasyon oran\u0131n\u0131n alt\u0131nda.<\/p><div class=\"bilge-yaziust\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-955937579\"><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><a href=\"http:\/\/im.haberturk.com\/2011\/10\/17\/680092_0545e2bb9953de69de874c5de95d078a.jpg\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/im.haberturk.com\/2011\/10\/17\/680092_0545e2bb9953de69de874c5de95d078a.jpg\" alt=\"\" width=\"470\" height=\"176\" \/><\/a><\/p>\n<p>Siz \u015fimdi bu verilere bakarak Merkez Bankas\u0131&#8217;n\u0131n s\u0131k\u0131 para politikas\u0131 uygulad\u0131\u011f\u0131n\u0131 s\u00f6yleyebilir misiniz?<\/p>\n<p><strong>MERKEZ&#8217;\u0130N ARG\u00dcMANLARI<\/strong><br \/>\nMerkez Bankas\u0131 ise tedav\u00fcldeki banknotlar ile bankalar\u0131n fazla rezervlerindeki art\u0131\u015flar\u0131 ABD ve Euro B\u00f6lgesi merkez bankalar\u0131yla kar\u015f\u0131la\u015ft\u0131r\u0131yor. Bir anlamda &#8220;Onlara k\u0131yasla daha az para bas\u0131yorum&#8221; vurgusu yap\u0131yor.<br \/>\n&#8220;Ben bast\u0131\u011f\u0131m paray\u0131 \u00e7ekiyorum ya da bankalara zorunlu kar\u015f\u0131l\u0131k uygulayarak paralar\u0131 geri al\u0131yorum&#8221; diyerek para politikas\u0131n\u0131n geni\u015fletici olmad\u0131\u011f\u0131n\u0131 savunuyor.<br \/>\nBir ba\u015fka sunumunda ise;<br \/>\n\u25a0 Faiz oranlar\u0131: Geni\u015fletici,<br \/>\n\u25a0 Likidite politikas\u0131: Geni\u015fletici olmayan,<br \/>\n\u25a0 Finans sekt\u00f6r\u00fc politikas\u0131: Geni\u015fletici olmayan,<br \/>\nde\u011ferlendirmelerini yaparak net bazda para politikas\u0131n\u0131n geni\u015fletici nitelikte olmad\u0131\u011f\u0131n\u0131n alt\u0131n\u0131 \u00e7iziyor.<br \/>\nBu sunumun do\u011fru taraflar\u0131 ku\u015fkusuz var.<br \/>\nAncak t\u00fcm bu i\u015flemleri para arz\u0131na olan etkisine bakarak de\u011ferlendirmek gerekir.<br \/>\nTablo bize para arz\u0131 art\u0131\u015flar\u0131n\u0131n &#8220;b\u00fcy\u00fcme art\u0131 enflasyon oran\u0131&#8221; toplam\u0131n\u0131n \u00e7ok \u00fczerinde oldu\u011funu g\u00f6steriyor. Reel olarak y\u00fcksek para arz\u0131 verilerine sahibiz.<br \/>\nEn basit anlat\u0131mla bas\u0131lan paran\u0131n \u00e7ekildikten sonra kalan ve para arz\u0131n\u0131 etkileyen tortusu, uygulanmakta olan para politikas\u0131n\u0131n gev\u015fek oldu\u011funa i\u015faret ediyor.<\/p>\n<p><strong>***<\/strong><\/p>\n<p><strong>G-20&#8217;ler: Git \u00f6devini yap da gel<\/strong><\/p>\n<p>Hafta sonu tamamlanan G-20 \u00fclkeleri maliye bakanlar\u0131 ve merkez bankas\u0131 ba\u015fkanlar\u0131 toplant\u0131s\u0131nda Almanya istedi\u011fini elde edemedi.<br \/>\nPamuk elleri ceplere sokmak yerine, ba\u015fta \u00c7in olmak \u00fczere geli\u015fen pazarlara sahip \u00fclkelerin IMF&#8217;ye para vererek Avrupa&#8217;y\u0131 kurtarma plan\u0131 toplant\u0131da kabul g\u00f6rmedi.<br \/>\n&#8220;\u00d6nce sen ne yapacaks\u0131n. Onu belirle ve bize s\u00f6yle&#8221; dediler.<br \/>\nAlmanya&#8217;y\u0131, somut \u00f6nerilerin tart\u0131\u015f\u0131lmas\u0131 beklenen, 24 Ekim&#8217;de yap\u0131lacak Avrupa Liderler Zirvesi&#8217;ne yollad\u0131lar.<br \/>\n\u0130nsan ger\u00e7ekten \u015fa\u015f\u0131r\u0131yor. Y\u00fczs\u00fczl\u00fc\u011f\u00fcn bu kadar\u0131 da olur mu diye hay\u0131flan\u0131yor. Hem Euro B\u00f6lgesi&#8217;ndeki \u00fclkeler batarken seyirci kalacaks\u0131n, hem batt\u0131ktan sonra para vermeyip, ama kurtarmak i\u00e7in oradan buradan dileneceksin.<br \/>\nAlmanya ve Fransa bizi Avrupa Birli\u011fi&#8217;ne \u00fcye yapmamak i\u00e7in sarf ettikleri \u00e7abay\u0131, o \u00fclkelerdeki mali disiplini sa\u011flamak i\u00e7in harcasalard\u0131 ba\u015flar\u0131na bunlar gelmeyebilirdi.<\/p>\n<p>Gazi ER\u00c7EL<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Merkez Bankas\u0131 yapt\u0131\u011f\u0131 sunumlarda uygulanmakta olan para politikas\u0131n\u0131n ekonomiyi geni\u015fletici nitelikleri olmad\u0131\u011f\u0131n\u0131n alt\u0131n\u0131 \u00e7iziyor. Verilere bakt\u0131m, bunlar\u0131 Merkez Bankas\u0131&#8217;n\u0131n grafikleri ve arg\u00fcmanlar\u0131yla kar\u015f\u0131la\u015ft\u0131rd\u0131m. Kar\u015f\u0131ma Merkez&hellip;<\/p>\n","protected":false},"author":418,"featured_media":5395,"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":[],"class_list":["post-6585","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tumyazilar"],"_links":{"self":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/6585","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\/418"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/comments?post=6585"}],"version-history":[{"count":0,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/6585\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media\/5395"}],"wp:attachment":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media?parent=6585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/categories?post=6585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/tags?post=6585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}