{"status":true,"post":{"id":12874,"user_id":11,"status":1,"type":1,"orde":null,"notification_type":3,"static_post":0,"published_at":"2022-10-21 09:20:10","created_at":"2016-01-03T21:00:00.000000Z","updated_at":"2022-10-21T06:20:10.000000Z","edited_at":"2024-12-17 22:35:21","source_id":null,"post_id":12874,"is_featured":0,"title":"Kurlardaki hareketin dinamiklerini takip edelim","slider_title":null,"slider_title_2":null,"slider_spot_title":null,"slider_spot_title_2":null,"home_title":null,"sub_title":null,"category_id":73,"description":null,"content":" \t\t\t\t\t \t\t\t\t\t

D\u00f6viz kurlar\u0131ndaki dalgalanman\u0131n en \u00f6nemli gerek\u00e7esini, T\u00fcrkiye ve geli\u015fmekte olan ekonomilerle ilgili belirsizlikler olu\u015fturmakta. Belirsizlikler her \u00fclke i\u00e7in farkl\u0131 dinamiklerde kendisini g\u00f6steriyor. Baz\u0131 \u00fclkelerde, G\u00fcney Afrika \u00f6rne\u011finde oldu\u011fu gibi, g\u00fcvenilen bir maliye bakan\u0131n\u0131n g\u00f6revden al\u0131nmas\u0131 \u00fclkenin para birimine de\u011fer kaybettirirken, Brezilya ve Arjantin\u2019de siyasi ba\u015far\u0131s\u0131zl\u0131k, k\u00f6t\u00fc y\u00f6netim ve yolsuzluk s\u00f6ylentileri s\u00f6z konusu \u00fclkelerin para birimini olumsuz etkilemekte. Rusya, bu girdab\u0131 kendi ba\u015f\u0131na sarm\u0131\u015f en \u00e7arp\u0131c\u0131 \u00fclke. Ukrayna operasyonu ve Suriye konu\u015fland\u0131rmas\u0131ndan kaynaklanan gerginlikler, Bat\u0131 ambargosu ve k\u00fcresel petrol fiyatlar\u0131 \u00e7\u00f6k\u00fc\u015f\u00fc ile birle\u015fince, dolar-ruble kurunun 90 Ruble\u2019yi bile bulabilece\u011fi konu\u015fuluyor.<\/span><\/p>

Yani, 5-6 y\u0131l \u00f6ncesine kadar, k\u00fcresel yat\u0131r\u0131mc\u0131lar a\u00e7\u0131s\u0131ndan, yeni cazip yat\u0131r\u0131m alanlar\u0131, b\u00fcy\u00fcme potansiyeli, y\u00fckselen ekonomiler olmalar\u0131 nedeniyle, \u00e7ekim g\u00fcc\u00fc sahibi pek \u00e7ok \u00f6nde gelen geli\u015fmekte olan ekonomi, k\u0131r\u0131lganl\u0131klar\u0131n\u0131n artmas\u0131n\u0131 \u00f6nleyemedikleri bir periyodun i\u00e7inden kurtulamadan, \u00fcst\u00fcne gelen FED \u015fokuyla tam anlam\u0131yla da\u011f\u0131ld\u0131lar.<\/span><\/p>

ALGIMIZI G\u00dc\u00c7LEND\u0130RECEK B\u0130R STRATEJ\u0130 OLU\u015eTURMALIYIZ<\/strong><\/span><\/p>

Bug\u00fcn itibariyle, i\u00e7ine sokuldu\u011fumuz \u00e7ana\u011f\u0131n bir \u2018kara delik\u2019 gibi bizi i\u00e7ine \u00e7ekmesini engellemek ad\u0131na, bu \u00fclkelerle hi\u00e7 bir benzer dinami\u011fimiz olmad\u0131\u011f\u0131n\u0131 net bir \u015fekilde ortaya koyaca\u011f\u0131m\u0131z bir \u2018kar\u015f\u0131 atak\u2019 stratejimiz olmal\u0131. Son 5-6 y\u0131ll\u0131k d\u00f6nemde, Latin Amerika\u2019n\u0131n ba\u015fat \u00fclkeleri, G\u00fcney Afrika, Rusya, ekonomi-politik d\u00fczlemde bir\u00e7ok kay\u0131p ya\u015fad\u0131lar. Kamu mali disiplinleri zarar g\u00f6rd\u00fc, b\u00fct\u00e7e a\u00e7\u0131klar\u0131 b\u00fcy\u00fcd\u00fc, bor\u00e7lanmalar\u0131 a\u015f\u0131r\u0131 artt\u0131, b\u00fcy\u00fcme momentumunu kaybettiler, hi\u00e7biri \u2018mega\u2019 yat\u0131r\u0131m projesi yapamayacak hale geldi ve yolsuzluklarla ilgili iddialar t\u0131rmand\u0131.<\/span><\/p>

T\u00fcrkiye ise ayn\u0131 d\u00f6nemi, b\u00fcy\u00fcmesini s\u00f6z konusu \u00fclkelerin ortalama b\u00fcy\u00fcmesinden iki kat daha y\u00fcksek d\u00fczeyde tutarak, kamu mali disiplininden taviz vermeden ve d\u00fcnyan\u0131n g\u0131ptayla bakt\u0131\u011f\u0131 pek \u00e7ok \u2018mega\u2019 yat\u0131r\u0131m projesine ard\u0131 ard\u0131na start vererek ge\u00e7irdi. \u0130lgin\u00e7tir T\u00fcrkiye, d\u00f6viz ak\u0131m\u0131, uluslararas\u0131 sermaye ak\u0131m\u0131 ve makro ekonomik nakit y\u00f6netimi a\u00e7\u0131s\u0131ndan, belki de Cumhuriyet tarihinin en iyi d\u00f6nemlerinden birisinin i\u00e7indeyken, siyasi kadrolara ve y\u00f6neti\u015fim alg\u0131s\u0131na y\u00f6nelik \u2018vah\u015fi\u2019 ve hayli organize bir sald\u0131r\u0131 ile yukar\u0131da s\u0131ralad\u0131\u011f\u0131m\u0131z \u00fclkelerden pozitif ayr\u0131\u015fmas\u0131 gereken bir \u00fclke iken s\u00f6z konusu \u00fclkelere yat\u0131r\u0131mdan so\u011fuyan uluslararas\u0131 sermayeye, \u2018T\u00fcrkiye\u2019den de so\u011fuman gerekiyor\u2019 \u00e7al\u0131\u015fmas\u0131n\u0131n ortas\u0131nda buldu kendini. Nas\u0131l ki, son iki haftad\u0131r, T\u00fcrkiye bu kirli siyasi oyunun bir par\u00e7as\u0131 olan bir \u2018siber sald\u0131r\u0131\u2019 ile kar\u015f\u0131 kar\u015f\u0131ya ve nas\u0131l ki, bu siber sald\u0131r\u0131lara kar\u015f\u0131 kendi \u2018kar\u015f\u0131 atak\u2019 stratejimizi olu\u015fturuyoruz; k\u00fcresel alg\u0131m\u0131za y\u00f6nelik sald\u0131r\u0131 i\u00e7in de yine \u2018kar\u015f\u0131 atak\u2019 stratejimizi olu\u015fturmam\u0131z gerekmekte.<\/span><\/p>

YURT\u0130\u00c7\u0130 AKT\u00d6RLER\u0130N BAKI\u015eINI G\u00dc\u00c7LEND\u0130REL\u0130M<\/strong><\/span><\/p>

T\u00fcrk halk\u0131n\u0131n bankalardaki d\u00f6viz mevduat\u0131 toplam\u0131 2012\u2019de 122 milyar dolar iken, yabanc\u0131 yat\u0131r\u0131mc\u0131lar da ayn\u0131 y\u0131l T\u00fcrkiye\u2019ye 25 milyar dolar portf\u00f6y yat\u0131r\u0131m\u0131 getirmi\u015f ve T\u00fcrk sermaye ara\u00e7lar\u0131nda pozisyon alm\u0131\u015ft\u0131. 2010\u2019da 14, 2011\u2019de 15 milyar dolarl\u0131k net giri\u015f, 2012\u2019deki 25 milyar dolarla bir y\u00fckselme trendine ve \u2018uluslararas\u0131 g\u00fcven\u2019e i\u015faret ediyordu. <\/span><\/p>

2015\u2019de ise y\u0131lba\u015f\u0131ndan 18 Aral\u0131k\u2019a kadar \u00e7\u0131kan net sermaye 15 milyar dolara ula\u015fm\u0131\u015f durumda. Dolay\u0131s\u0131 ile d\u00f6viz kurlar\u0131ndaki art\u0131\u015f\u0131n bir \u00f6nemli nedeni de bu.<\/span><\/p>

2010 ve 2011 y\u0131llar\u0131nda, s\u0131ras\u0131yla 100 ve 101 milyar dolar d\u00fczeyinde, sabit seyreden T\u00fcrklerin d\u00f6viz mevduat\u0131 toplam\u0131, 2012\u2019de 121.7 milyar dolara, 2013\u2019de 134 ve 2014\u2019te de 143 milyar dolara y\u00fckseldi. Yani T\u00fcrkiye\u2019nin k\u00fcresel alg\u0131s\u0131n\u0131 bozmaya y\u00f6nelik operasyonun bir etkisi de T\u00fcrk halk\u0131n\u0131n d\u00f6vize ge\u00e7mesi oldu. Bu rakam, 2015\u2019de 160 milyar dolar ile yeni bir Cumhuriyet tarihi rekoruna i\u015faret ediyor. Yani ayn\u0131 2015\u2019te yabanc\u0131lar\u0131n 15 milyar dolar, T\u00fcrkiye\u2019den \u00e7\u0131k\u0131\u015f ama\u00e7l\u0131, yerlilerin de 15 milyar tasarruflar\u0131n\u0131 kayd\u0131rmalar\u0131 nedeniyle, fazladan bir 30 milyar dolarl\u0131k d\u00f6viz talebi olu\u015fmu\u015f durumda. Bu tablonun dolar kurunu 3.07 TL\u2019ye kadar getirmesine \u015fa\u015fmamak gerek. O halde 2016\u2019da d\u00f6viz talebini azaltacak bir \u2018kar\u015f\u0131 ata\u011fa\u2019, d\u00f6viz kurlar\u0131ndaki y\u00fckseli\u015fin devam edebilece\u011fine dair endi\u015feleri bertaraf edecek ad\u0131mlara ihtiya\u00e7 var. Umar\u0131m, yeni y\u0131l ile birlikte, yeni ekonomi y\u00f6netimi, bu ad\u0131mlar\u0131 h\u0131zla hayata ge\u00e7irir.<\/span><\/p>

IMF 2016 \u0130\u00c7\u0130N KARAMSAR<\/strong><\/span><\/p>

Handelsblatt\u2019a bir deme\u00e7 veren Uluslararas\u0131 Para Fonu (IMF) Ba\u015fkan\u0131 Christine Lagarde, k\u00fcresel ekonomik b\u00fcy\u00fcmenin 2016\u2019da hayal k\u0131r\u0131kl\u0131\u011f\u0131 yarataca\u011f\u0131n\u0131 savundu. Bir\u00e7ok \u00fclkede finans sekt\u00f6r\u00fcn\u00fcn h\u00e2l\u00e2 zay\u0131fl\u0131klarla kar\u015f\u0131 kar\u015f\u0131ya oldu\u011funu ve geli\u015fmekte olan piyasalarda finansal riskler artmakta oldu\u011funu hat\u0131rlatan Lagarde, bu t\u00fcr ba\u015fl\u0131klar\u0131n k\u00fcresel b\u00fcy\u00fcmenin 2016\u2019da hayal k\u0131r\u0131kl\u0131\u011f\u0131 yarataca\u011f\u0131na i\u015faret etti\u011fini vurguluyor. K\u00fcresel ekonominin orta vadeli g\u00f6r\u00fcn\u00fcm\u00fcn\u00fc zay\u0131flatan fakt\u00f6rleri d\u00fc\u015f\u00fck verimlilik, ya\u015flanan n\u00fcfus ve k\u00fcresel finansal krizin b\u00fcy\u00fcmeyi frenletmesi olarak s\u0131ralayan Lagarde, FED\u2019in faiz art\u0131r\u0131mlar\u0131na ba\u015flamas\u0131 ve \u00c7in\u2019de ekonomik b\u00fcy\u00fcmenin yava\u015flamas\u0131n\u0131n da k\u00fcresel ekonomik belirsizli\u011fe katk\u0131 yapt\u0131\u011f\u0131na i\u015faret etti.<\/span><\/p>

EURO B\u00d6LGES\u0130 SORUNLU KRED\u0130LER\u0130 HALLETMEL\u0130<\/strong><\/span><\/p>

Christine Lagarde, ABD para politikas\u0131n\u0131n normalle\u015fmeye ba\u015flamas\u0131n\u0131 ve \u00c7in\u2019in yeni bir b\u00fcy\u00fcme modeline ge\u00e7mesini gerekli ve sa\u011fl\u0131kl\u0131 ad\u0131mlar olarak tan\u0131ml\u0131yor. Ancak bunlar\u0131n etkin ve m\u00fcmk\u00fcn oldu\u011fu kadar d\u00fczg\u00fcn yap\u0131lmalar\u0131n\u0131n gerekli oldu\u011funu da belirtiyor. ABD ve muhtemelen \u0130ngiltere hari\u00e7 geli\u015fmi\u015f ekonomilerin b\u00fcy\u00fck b\u00f6l\u00fcm\u00fcn\u00fcn gev\u015fek para politikalar\u0131n\u0131 devam ettirmelerinin gerekece\u011fine i\u015faret eden Lagarde, Euro B\u00f6lgesi\u2019nin ise \u00f6ncelikle sorunlu kredilerin \u00fcstesinden gelmesi gerekti\u011fini savunuyor. IMF Ba\u015fkan\u0131, sorunlu kredilerin \u00fcstesinden gelinmesi halinde bankalar\u0131n reel ekonomiye kredileri art\u0131rabileceklerini ve para politikas\u0131n\u0131n etkinli\u011finin y\u00fckselece\u011fini vurgulad\u0131. Bu konuda ilk ad\u0131mlar\u0131n da Avrupa bankac\u0131l\u0131\u011f\u0131nda at\u0131lmas\u0131 gerekiyor.<\/span><\/p> \t\t\t\t","slug":"kurlardaki-hareketin-dinamiklerini-takip-edelim","tags":"K\u00f6\u015fe Yaz\u0131s\u0131","meta_title":"Kurlardaki hareketin dinamiklerini takip edelim","meta_description":"Prof. Dr. Kerem Alkin","meta_keywords":"K\u00f6\u015fe Yaz\u0131s\u0131","news_cover_min":null,"news_cover":null,"news_video_min":null,"news_video":null,"view_count":123,"cropped_1200x675":null,"user":{"id":11,"name":"KEREM","surname":"ALK\u0130N","email":"irem05@daglaroglu.com","slug":"prof-dr-kerem-alkin","avatar":"\/front\/uploads\/avatar\/17336916000GNrERW0ucj2Ja7.webp","status":1,"role":1,"email_verified_at":null,"orde":null,"created_at":"2022-09-15T09:39:41.000000Z","updated_at":"2024-12-18T09:50:43.000000Z","seo_title":null,"seo_description":null},"translations":[{"id":12973,"is_featured":0,"is_amp":0,"is_ads":0,"ads_link":null,"post_id":12874,"locale":"tr","category_id":73,"title":"Kurlardaki hareketin dinamiklerini takip edelim","home_title":null,"sub_title":null,"slider_title":null,"slider_title_2":null,"slider_spot_title":null,"slider_spot_title_2":null,"subtitleuse":0,"description":null,"content":" \t\t\t\t\t \t\t\t\t\t

D\u00f6viz kurlar\u0131ndaki dalgalanman\u0131n en \u00f6nemli gerek\u00e7esini, T\u00fcrkiye ve geli\u015fmekte olan ekonomilerle ilgili belirsizlikler olu\u015fturmakta. Belirsizlikler her \u00fclke i\u00e7in farkl\u0131 dinamiklerde kendisini g\u00f6steriyor. Baz\u0131 \u00fclkelerde, G\u00fcney Afrika \u00f6rne\u011finde oldu\u011fu gibi, g\u00fcvenilen bir maliye bakan\u0131n\u0131n g\u00f6revden al\u0131nmas\u0131 \u00fclkenin para birimine de\u011fer kaybettirirken, Brezilya ve Arjantin\u2019de siyasi ba\u015far\u0131s\u0131zl\u0131k, k\u00f6t\u00fc y\u00f6netim ve yolsuzluk s\u00f6ylentileri s\u00f6z konusu \u00fclkelerin para birimini olumsuz etkilemekte. Rusya, bu girdab\u0131 kendi ba\u015f\u0131na sarm\u0131\u015f en \u00e7arp\u0131c\u0131 \u00fclke. Ukrayna operasyonu ve Suriye konu\u015fland\u0131rmas\u0131ndan kaynaklanan gerginlikler, Bat\u0131 ambargosu ve k\u00fcresel petrol fiyatlar\u0131 \u00e7\u00f6k\u00fc\u015f\u00fc ile birle\u015fince, dolar-ruble kurunun 90 Ruble\u2019yi bile bulabilece\u011fi konu\u015fuluyor.<\/span><\/p>

Yani, 5-6 y\u0131l \u00f6ncesine kadar, k\u00fcresel yat\u0131r\u0131mc\u0131lar a\u00e7\u0131s\u0131ndan, yeni cazip yat\u0131r\u0131m alanlar\u0131, b\u00fcy\u00fcme potansiyeli, y\u00fckselen ekonomiler olmalar\u0131 nedeniyle, \u00e7ekim g\u00fcc\u00fc sahibi pek \u00e7ok \u00f6nde gelen geli\u015fmekte olan ekonomi, k\u0131r\u0131lganl\u0131klar\u0131n\u0131n artmas\u0131n\u0131 \u00f6nleyemedikleri bir periyodun i\u00e7inden kurtulamadan, \u00fcst\u00fcne gelen FED \u015fokuyla tam anlam\u0131yla da\u011f\u0131ld\u0131lar.<\/span><\/p>

ALGIMIZI G\u00dc\u00c7LEND\u0130RECEK B\u0130R STRATEJ\u0130 OLU\u015eTURMALIYIZ<\/strong><\/span><\/p>

Bug\u00fcn itibariyle, i\u00e7ine sokuldu\u011fumuz \u00e7ana\u011f\u0131n bir \u2018kara delik\u2019 gibi bizi i\u00e7ine \u00e7ekmesini engellemek ad\u0131na, bu \u00fclkelerle hi\u00e7 bir benzer dinami\u011fimiz olmad\u0131\u011f\u0131n\u0131 net bir \u015fekilde ortaya koyaca\u011f\u0131m\u0131z bir \u2018kar\u015f\u0131 atak\u2019 stratejimiz olmal\u0131. Son 5-6 y\u0131ll\u0131k d\u00f6nemde, Latin Amerika\u2019n\u0131n ba\u015fat \u00fclkeleri, G\u00fcney Afrika, Rusya, ekonomi-politik d\u00fczlemde bir\u00e7ok kay\u0131p ya\u015fad\u0131lar. Kamu mali disiplinleri zarar g\u00f6rd\u00fc, b\u00fct\u00e7e a\u00e7\u0131klar\u0131 b\u00fcy\u00fcd\u00fc, bor\u00e7lanmalar\u0131 a\u015f\u0131r\u0131 artt\u0131, b\u00fcy\u00fcme momentumunu kaybettiler, hi\u00e7biri \u2018mega\u2019 yat\u0131r\u0131m projesi yapamayacak hale geldi ve yolsuzluklarla ilgili iddialar t\u0131rmand\u0131.<\/span><\/p>

T\u00fcrkiye ise ayn\u0131 d\u00f6nemi, b\u00fcy\u00fcmesini s\u00f6z konusu \u00fclkelerin ortalama b\u00fcy\u00fcmesinden iki kat daha y\u00fcksek d\u00fczeyde tutarak, kamu mali disiplininden taviz vermeden ve d\u00fcnyan\u0131n g\u0131ptayla bakt\u0131\u011f\u0131 pek \u00e7ok \u2018mega\u2019 yat\u0131r\u0131m projesine ard\u0131 ard\u0131na start vererek ge\u00e7irdi. \u0130lgin\u00e7tir T\u00fcrkiye, d\u00f6viz ak\u0131m\u0131, uluslararas\u0131 sermaye ak\u0131m\u0131 ve makro ekonomik nakit y\u00f6netimi a\u00e7\u0131s\u0131ndan, belki de Cumhuriyet tarihinin en iyi d\u00f6nemlerinden birisinin i\u00e7indeyken, siyasi kadrolara ve y\u00f6neti\u015fim alg\u0131s\u0131na y\u00f6nelik \u2018vah\u015fi\u2019 ve hayli organize bir sald\u0131r\u0131 ile yukar\u0131da s\u0131ralad\u0131\u011f\u0131m\u0131z \u00fclkelerden pozitif ayr\u0131\u015fmas\u0131 gereken bir \u00fclke iken s\u00f6z konusu \u00fclkelere yat\u0131r\u0131mdan so\u011fuyan uluslararas\u0131 sermayeye, \u2018T\u00fcrkiye\u2019den de so\u011fuman gerekiyor\u2019 \u00e7al\u0131\u015fmas\u0131n\u0131n ortas\u0131nda buldu kendini. Nas\u0131l ki, son iki haftad\u0131r, T\u00fcrkiye bu kirli siyasi oyunun bir par\u00e7as\u0131 olan bir \u2018siber sald\u0131r\u0131\u2019 ile kar\u015f\u0131 kar\u015f\u0131ya ve nas\u0131l ki, bu siber sald\u0131r\u0131lara kar\u015f\u0131 kendi \u2018kar\u015f\u0131 atak\u2019 stratejimizi olu\u015fturuyoruz; k\u00fcresel alg\u0131m\u0131za y\u00f6nelik sald\u0131r\u0131 i\u00e7in de yine \u2018kar\u015f\u0131 atak\u2019 stratejimizi olu\u015fturmam\u0131z gerekmekte.<\/span><\/p>

YURT\u0130\u00c7\u0130 AKT\u00d6RLER\u0130N BAKI\u015eINI G\u00dc\u00c7LEND\u0130REL\u0130M<\/strong><\/span><\/p>

T\u00fcrk halk\u0131n\u0131n bankalardaki d\u00f6viz mevduat\u0131 toplam\u0131 2012\u2019de 122 milyar dolar iken, yabanc\u0131 yat\u0131r\u0131mc\u0131lar da ayn\u0131 y\u0131l T\u00fcrkiye\u2019ye 25 milyar dolar portf\u00f6y yat\u0131r\u0131m\u0131 getirmi\u015f ve T\u00fcrk sermaye ara\u00e7lar\u0131nda pozisyon alm\u0131\u015ft\u0131. 2010\u2019da 14, 2011\u2019de 15 milyar dolarl\u0131k net giri\u015f, 2012\u2019deki 25 milyar dolarla bir y\u00fckselme trendine ve \u2018uluslararas\u0131 g\u00fcven\u2019e i\u015faret ediyordu. <\/span><\/p>

2015\u2019de ise y\u0131lba\u015f\u0131ndan 18 Aral\u0131k\u2019a kadar \u00e7\u0131kan net sermaye 15 milyar dolara ula\u015fm\u0131\u015f durumda. Dolay\u0131s\u0131 ile d\u00f6viz kurlar\u0131ndaki art\u0131\u015f\u0131n bir \u00f6nemli nedeni de bu.<\/span><\/p>

2010 ve 2011 y\u0131llar\u0131nda, s\u0131ras\u0131yla 100 ve 101 milyar dolar d\u00fczeyinde, sabit seyreden T\u00fcrklerin d\u00f6viz mevduat\u0131 toplam\u0131, 2012\u2019de 121.7 milyar dolara, 2013\u2019de 134 ve 2014\u2019te de 143 milyar dolara y\u00fckseldi. Yani T\u00fcrkiye\u2019nin k\u00fcresel alg\u0131s\u0131n\u0131 bozmaya y\u00f6nelik operasyonun bir etkisi de T\u00fcrk halk\u0131n\u0131n d\u00f6vize ge\u00e7mesi oldu. Bu rakam, 2015\u2019de 160 milyar dolar ile yeni bir Cumhuriyet tarihi rekoruna i\u015faret ediyor. Yani ayn\u0131 2015\u2019te yabanc\u0131lar\u0131n 15 milyar dolar, T\u00fcrkiye\u2019den \u00e7\u0131k\u0131\u015f ama\u00e7l\u0131, yerlilerin de 15 milyar tasarruflar\u0131n\u0131 kayd\u0131rmalar\u0131 nedeniyle, fazladan bir 30 milyar dolarl\u0131k d\u00f6viz talebi olu\u015fmu\u015f durumda. Bu tablonun dolar kurunu 3.07 TL\u2019ye kadar getirmesine \u015fa\u015fmamak gerek. O halde 2016\u2019da d\u00f6viz talebini azaltacak bir \u2018kar\u015f\u0131 ata\u011fa\u2019, d\u00f6viz kurlar\u0131ndaki y\u00fckseli\u015fin devam edebilece\u011fine dair endi\u015feleri bertaraf edecek ad\u0131mlara ihtiya\u00e7 var. Umar\u0131m, yeni y\u0131l ile birlikte, yeni ekonomi y\u00f6netimi, bu ad\u0131mlar\u0131 h\u0131zla hayata ge\u00e7irir.<\/span><\/p>

IMF 2016 \u0130\u00c7\u0130N KARAMSAR<\/strong><\/span><\/p>

Handelsblatt\u2019a bir deme\u00e7 veren Uluslararas\u0131 Para Fonu (IMF) Ba\u015fkan\u0131 Christine Lagarde, k\u00fcresel ekonomik b\u00fcy\u00fcmenin 2016\u2019da hayal k\u0131r\u0131kl\u0131\u011f\u0131 yarataca\u011f\u0131n\u0131 savundu. Bir\u00e7ok \u00fclkede finans sekt\u00f6r\u00fcn\u00fcn h\u00e2l\u00e2 zay\u0131fl\u0131klarla kar\u015f\u0131 kar\u015f\u0131ya oldu\u011funu ve geli\u015fmekte olan piyasalarda finansal riskler artmakta oldu\u011funu hat\u0131rlatan Lagarde, bu t\u00fcr ba\u015fl\u0131klar\u0131n k\u00fcresel b\u00fcy\u00fcmenin 2016\u2019da hayal k\u0131r\u0131kl\u0131\u011f\u0131 yarataca\u011f\u0131na i\u015faret etti\u011fini vurguluyor. K\u00fcresel ekonominin orta vadeli g\u00f6r\u00fcn\u00fcm\u00fcn\u00fc zay\u0131flatan fakt\u00f6rleri d\u00fc\u015f\u00fck verimlilik, ya\u015flanan n\u00fcfus ve k\u00fcresel finansal krizin b\u00fcy\u00fcmeyi frenletmesi olarak s\u0131ralayan Lagarde, FED\u2019in faiz art\u0131r\u0131mlar\u0131na ba\u015flamas\u0131 ve \u00c7in\u2019de ekonomik b\u00fcy\u00fcmenin yava\u015flamas\u0131n\u0131n da k\u00fcresel ekonomik belirsizli\u011fe katk\u0131 yapt\u0131\u011f\u0131na i\u015faret etti.<\/span><\/p>

EURO B\u00d6LGES\u0130 SORUNLU KRED\u0130LER\u0130 HALLETMEL\u0130<\/strong><\/span><\/p>

Christine Lagarde, ABD para politikas\u0131n\u0131n normalle\u015fmeye ba\u015flamas\u0131n\u0131 ve \u00c7in\u2019in yeni bir b\u00fcy\u00fcme modeline ge\u00e7mesini gerekli ve sa\u011fl\u0131kl\u0131 ad\u0131mlar olarak tan\u0131ml\u0131yor. Ancak bunlar\u0131n etkin ve m\u00fcmk\u00fcn oldu\u011fu kadar d\u00fczg\u00fcn yap\u0131lmalar\u0131n\u0131n gerekli oldu\u011funu da belirtiyor. ABD ve muhtemelen \u0130ngiltere hari\u00e7 geli\u015fmi\u015f ekonomilerin b\u00fcy\u00fck b\u00f6l\u00fcm\u00fcn\u00fcn gev\u015fek para politikalar\u0131n\u0131 devam ettirmelerinin gerekece\u011fine i\u015faret eden Lagarde, Euro B\u00f6lgesi\u2019nin ise \u00f6ncelikle sorunlu kredilerin \u00fcstesinden gelmesi gerekti\u011fini savunuyor. IMF Ba\u015fkan\u0131, sorunlu kredilerin \u00fcstesinden gelinmesi halinde bankalar\u0131n reel ekonomiye kredileri art\u0131rabileceklerini ve para politikas\u0131n\u0131n etkinli\u011finin y\u00fckselece\u011fini vurgulad\u0131. Bu konuda ilk ad\u0131mlar\u0131n da Avrupa bankac\u0131l\u0131\u011f\u0131nda at\u0131lmas\u0131 gerekiyor.<\/span><\/p> \t\t\t\t","slug":"kurlardaki-hareketin-dinamiklerini-takip-edelim","orjinalimage":null,"news_cover_min":null,"news_cover":null,"news_video_min":null,"news_video":null,"cropped_638x552":null,"cropped_310x208":null,"cropped_416x247":null,"cropped_197x247":null,"cropped_416x600":null,"cropped_1200x675":null,"tags":"K\u00f6\u015fe Yaz\u0131s\u0131","meta_title":"Kurlardaki hareketin dinamiklerini takip edelim","meta_description":"Prof. Dr. Kerem Alkin","meta_keywords":"K\u00f6\u015fe Yaz\u0131s\u0131","view_count":123,"yt":0,"ytid":"","ytimage":null,"imgdate":"2000-01-01 00:00:00","cuff_cover":null,"cropped_358x214":null,"cropped_842x474":null}]}}