{"status":true,"post":{"id":12583,"user_id":23,"status":1,"type":1,"orde":null,"notification_type":3,"static_post":0,"published_at":"2022-10-21 09:17:55","created_at":"2015-08-30T21:00:00.000000Z","updated_at":"2022-10-21T06:17:55.000000Z","edited_at":"2024-12-17 22:35:21","source_id":null,"post_id":12583,"is_featured":0,"title":"Global t\u00fcrb\u00fclans ve T\u00fcrkiye\u2019ye yans\u0131malar\u0131","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<p><span class=\"large\">7 Haziran se\u00e7imlerinden sonra ortaya \u00e7\u0131kan siyasi belirsizlikle y\u00fckselen T\u00fcrkiye risk primi, d\u00f6vizde ve faizlerde y\u00fckseli\u015fe, borsada da d\u00fc\u015f\u00fc\u015fe neden oldu. Bu yat\u0131r\u0131mc\u0131lar\u0131n siyasi riske kar\u015f\u0131 hassasiyeti nedeniyle T\u00fcrkiye pozisyonlar\u0131n\u0131 kapatmalar\u0131yla alakal\u0131 bir geli\u015fmeydi.<\/span><\/p>  <p><span class=\"large\">Buraya kadar her\u015fey normal. Ancak d\u00f6nem d\u00f6nem sermaye ak\u0131\u015flar\u0131 piyasan\u0131n kendi dinamikleri i\u00e7erisinde dengelenemeyebiliyor. \u00d6rne\u011fin d\u00f6vizde k\u0131sa s\u00fcreli y\u00fckl\u00fc al\u0131mlar\u0131n piyasa taraf\u0131ndan kar\u015f\u0131lanamamas\u0131 nedeniyle olu\u015fan y\u00fckseli\u015fler. Ya da tahvil ve bonolara gelen sat\u0131\u015flar\u0131n kar\u015f\u0131lanamamas\u0131 nedeniyle y\u00fckselen faizler. Bir\u00e7ok \u00fclke bu t\u00fcr dengesizliklere kar\u015f\u0131 haz\u0131rl\u0131kl\u0131d\u0131r. Bunun i\u00e7in fonlar kurarlar ve bu t\u00fcr hareketleri fonlar\u0131 vas\u0131tas\u0131yla dengelerler.<\/span><\/p>  <p><span class=\"large\">Bunun tek bir amac\u0131 vard\u0131r; piyasalar\u0131n \u00f6ng\u00f6r\u00fclebilir ve istikrarl\u0131 olmas\u0131. Bu yap\u0131 bozuldu\u011funda ortaya \u00e7\u0131kan tabloyu d\u00fczeltmek i\u00e7in daha fazla bedel \u00f6denmek zorunda kal\u0131n\u0131yor.<\/span><\/p>  <p><span class=\"large\"><strong>MAL\u0130YET ARTTI<\/strong><\/span><\/p>  <p><span class=\"large\">\u00d6rne\u011fin kamu bor\u00e7 sto\u011fu y\u00fckselen kurlarla birlikte h\u0131zla art\u0131yor. Reel sekt\u00f6r\u00fcn d\u00f6viz bor\u00e7lar\u0131n\u0131n da TL kar\u015f\u0131l\u0131\u011f\u0131 ayn\u0131 \u015fekilde art\u0131yor. Bunun yan\u0131nda rotatif kredi faizlerinde y\u00fckseli\u015fler ya\u015fanmaya ba\u015flad\u0131 bile. 14'\u00fcn \u00fczerinde oranlar telaffuz edilmeye ba\u015fland\u0131. Tahvil faizleri iki haneli rakamlarda. K\u0131sacas\u0131 maliyet iyice artt\u0131. <\/span><\/p>  <p><span class=\"large\"><strong>\u00c7\u0130N END\u0130\u015eES\u0130<\/strong><\/span><\/p>  <p><span class=\"large\">B\u00fct\u00fcn bunlar\u0131n yan\u0131nda \u00c7in ile ilgili b\u00fcy\u00fcme endi\u015feleri ile birlikte \u00c7in kaynakl\u0131 t\u00fcrb\u00fclans\u0131n ya\u015fanmas\u0131 da cabas\u0131 oldu. USD\/TL 3 liran\u0131n \u00fczerine kadar \u00e7\u0131karak rekor k\u0131rarken Euro\/TL 3.4280 TL seviyesinden i\u015flem g\u00f6rd\u00fc. Maalesef global kriz bizi zay\u0131f an\u0131m\u0131zda yakalad\u0131. ABD\u2019de gelen verilerle eyl\u00fcl ay\u0131nda faiz art\u0131r\u0131m\u0131 beklentisinin azalmas\u0131yla birlikte y\u00fckselen Euro\/USD paritesi ve alt\u0131n yan\u0131nda TL sepet baz\u0131nda de\u011ferini korumay\u0131 ba\u015faramayarak yeni rekorlar k\u0131rd\u0131. <\/span><\/p>  <p><span class=\"large\">Bu durumun bizlere yans\u0131mas\u0131 fiyatlama sorunu nedeniyle frene basan bir ekonomi, ithal maliyet art\u0131\u015f\u0131 nedeniyle maliyet enflasyonu, y\u00fcksek finansman maliyeti gibi maliyet art\u0131r\u0131c\u0131 kalemler nedeniyle k\u00e2rlar\u0131n azalmas\u0131 ve sonu\u00e7 vergi gelirlerinin d\u00fc\u015fmesi \u015feklinde olabilir.<\/span><\/p>  <p><span style=\"font-size: 15.6000003814697px;\"><strong>R\u0130SKLER\u0130N\u0130Z\u0130 ANAL\u0130Z ED\u0130N<\/strong><\/span><\/p>  <p><span style=\"font-size: 15.6000003814697px;\">Y\u0131lan\u0131n ba\u015f\u0131n\u0131 k\u00fc\u00e7\u00fckken ezmek laz\u0131m. Zaman\u0131nda mevcut risk art\u0131\u015flar\u0131na paralel al\u0131nmayan ve geciken her tedbir daha sonra daha maliyetli olarak yap\u0131laca\u011f\u0131ndan, \u015firketlerin bilan\u00e7o y\u00f6netiminde, varl\u0131k ve y\u00fck\u00fcml\u00fcl\u00fck y\u00f6netiminde son derece dikkatli olmalar\u0131, ne risk ald\u0131klar\u0131n\u0131 ve bu risklerin \u015fartlar beklendi\u011fi gibi gitmedi\u011fi takdirde neye mal olabilece\u011fini iyi analiz etmeleri gerekir.<\/span><\/p>  \t\t\t\t","slug":"global-turbulans-ve-turkiyeye-yansimalari","tags":"K\u00f6\u015fe Yaz\u0131s\u0131","meta_title":"Global t\u00fcrb\u00fclans ve T\u00fcrkiye\u2019ye yans\u0131malar\u0131","meta_description":"Hikmet Baydar","meta_keywords":"K\u00f6\u015fe Yaz\u0131s\u0131","news_cover_min":null,"news_cover":null,"news_video_min":null,"news_video":null,"view_count":1060,"cropped_1200x675":null,"user":{"id":23,"name":"H\u0130KMET","surname":"BAYDAR","email":"hikmet-baydar@gmail.com","slug":"hikmet-baydar","avatar":"\/front\/uploads\/avatar\/1733691600m8IdzrjJsMVvSMC.webp","status":1,"role":1,"email_verified_at":null,"orde":null,"created_at":"2022-10-19T14:42:06.000000Z","updated_at":"2024-12-18T09:49:02.000000Z","seo_title":null,"seo_description":null},"translations":[{"id":12682,"is_featured":0,"is_amp":0,"is_ads":0,"ads_link":null,"post_id":12583,"locale":"tr","category_id":73,"title":"Global t\u00fcrb\u00fclans ve T\u00fcrkiye\u2019ye yans\u0131malar\u0131","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<p><span class=\"large\">7 Haziran se\u00e7imlerinden sonra ortaya \u00e7\u0131kan siyasi belirsizlikle y\u00fckselen T\u00fcrkiye risk primi, d\u00f6vizde ve faizlerde y\u00fckseli\u015fe, borsada da d\u00fc\u015f\u00fc\u015fe neden oldu. Bu yat\u0131r\u0131mc\u0131lar\u0131n siyasi riske kar\u015f\u0131 hassasiyeti nedeniyle T\u00fcrkiye pozisyonlar\u0131n\u0131 kapatmalar\u0131yla alakal\u0131 bir geli\u015fmeydi.<\/span><\/p>  <p><span class=\"large\">Buraya kadar her\u015fey normal. Ancak d\u00f6nem d\u00f6nem sermaye ak\u0131\u015flar\u0131 piyasan\u0131n kendi dinamikleri i\u00e7erisinde dengelenemeyebiliyor. \u00d6rne\u011fin d\u00f6vizde k\u0131sa s\u00fcreli y\u00fckl\u00fc al\u0131mlar\u0131n piyasa taraf\u0131ndan kar\u015f\u0131lanamamas\u0131 nedeniyle olu\u015fan y\u00fckseli\u015fler. Ya da tahvil ve bonolara gelen sat\u0131\u015flar\u0131n kar\u015f\u0131lanamamas\u0131 nedeniyle y\u00fckselen faizler. Bir\u00e7ok \u00fclke bu t\u00fcr dengesizliklere kar\u015f\u0131 haz\u0131rl\u0131kl\u0131d\u0131r. Bunun i\u00e7in fonlar kurarlar ve bu t\u00fcr hareketleri fonlar\u0131 vas\u0131tas\u0131yla dengelerler.<\/span><\/p>  <p><span class=\"large\">Bunun tek bir amac\u0131 vard\u0131r; piyasalar\u0131n \u00f6ng\u00f6r\u00fclebilir ve istikrarl\u0131 olmas\u0131. Bu yap\u0131 bozuldu\u011funda ortaya \u00e7\u0131kan tabloyu d\u00fczeltmek i\u00e7in daha fazla bedel \u00f6denmek zorunda kal\u0131n\u0131yor.<\/span><\/p>  <p><span class=\"large\"><strong>MAL\u0130YET ARTTI<\/strong><\/span><\/p>  <p><span class=\"large\">\u00d6rne\u011fin kamu bor\u00e7 sto\u011fu y\u00fckselen kurlarla birlikte h\u0131zla art\u0131yor. Reel sekt\u00f6r\u00fcn d\u00f6viz bor\u00e7lar\u0131n\u0131n da TL kar\u015f\u0131l\u0131\u011f\u0131 ayn\u0131 \u015fekilde art\u0131yor. Bunun yan\u0131nda rotatif kredi faizlerinde y\u00fckseli\u015fler ya\u015fanmaya ba\u015flad\u0131 bile. 14'\u00fcn \u00fczerinde oranlar telaffuz edilmeye ba\u015fland\u0131. Tahvil faizleri iki haneli rakamlarda. K\u0131sacas\u0131 maliyet iyice artt\u0131. <\/span><\/p>  <p><span class=\"large\"><strong>\u00c7\u0130N END\u0130\u015eES\u0130<\/strong><\/span><\/p>  <p><span class=\"large\">B\u00fct\u00fcn bunlar\u0131n yan\u0131nda \u00c7in ile ilgili b\u00fcy\u00fcme endi\u015feleri ile birlikte \u00c7in kaynakl\u0131 t\u00fcrb\u00fclans\u0131n ya\u015fanmas\u0131 da cabas\u0131 oldu. USD\/TL 3 liran\u0131n \u00fczerine kadar \u00e7\u0131karak rekor k\u0131rarken Euro\/TL 3.4280 TL seviyesinden i\u015flem g\u00f6rd\u00fc. Maalesef global kriz bizi zay\u0131f an\u0131m\u0131zda yakalad\u0131. ABD\u2019de gelen verilerle eyl\u00fcl ay\u0131nda faiz art\u0131r\u0131m\u0131 beklentisinin azalmas\u0131yla birlikte y\u00fckselen Euro\/USD paritesi ve alt\u0131n yan\u0131nda TL sepet baz\u0131nda de\u011ferini korumay\u0131 ba\u015faramayarak yeni rekorlar k\u0131rd\u0131. <\/span><\/p>  <p><span class=\"large\">Bu durumun bizlere yans\u0131mas\u0131 fiyatlama sorunu nedeniyle frene basan bir ekonomi, ithal maliyet art\u0131\u015f\u0131 nedeniyle maliyet enflasyonu, y\u00fcksek finansman maliyeti gibi maliyet art\u0131r\u0131c\u0131 kalemler nedeniyle k\u00e2rlar\u0131n azalmas\u0131 ve sonu\u00e7 vergi gelirlerinin d\u00fc\u015fmesi \u015feklinde olabilir.<\/span><\/p>  <p><span style=\"font-size: 15.6000003814697px;\"><strong>R\u0130SKLER\u0130N\u0130Z\u0130 ANAL\u0130Z ED\u0130N<\/strong><\/span><\/p>  <p><span style=\"font-size: 15.6000003814697px;\">Y\u0131lan\u0131n ba\u015f\u0131n\u0131 k\u00fc\u00e7\u00fckken ezmek laz\u0131m. Zaman\u0131nda mevcut risk art\u0131\u015flar\u0131na paralel al\u0131nmayan ve geciken her tedbir daha sonra daha maliyetli olarak yap\u0131laca\u011f\u0131ndan, \u015firketlerin bilan\u00e7o y\u00f6netiminde, varl\u0131k ve y\u00fck\u00fcml\u00fcl\u00fck y\u00f6netiminde son derece dikkatli olmalar\u0131, ne risk ald\u0131klar\u0131n\u0131 ve bu risklerin \u015fartlar beklendi\u011fi gibi gitmedi\u011fi takdirde neye mal olabilece\u011fini iyi analiz etmeleri gerekir.<\/span><\/p>  \t\t\t\t","slug":"global-turbulans-ve-turkiyeye-yansimalari","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":"Global t\u00fcrb\u00fclans ve T\u00fcrkiye\u2019ye yans\u0131malar\u0131","meta_description":"Hikmet Baydar","meta_keywords":"K\u00f6\u015fe Yaz\u0131s\u0131","view_count":1060,"yt":0,"ytid":"","ytimage":null,"imgdate":"2000-01-01 00:00:00","cuff_cover":null,"cropped_358x214":null,"cropped_842x474":null}]}}