{"id":3149,"date":"2015-12-20T12:08:44","date_gmt":"2015-12-20T10:08:44","guid":{"rendered":"http:\/\/www.berjournal.com\/?p=3149"},"modified":"2015-12-20T12:08:44","modified_gmt":"2015-12-20T10:08:44","slug":"faiz-koridoru-stratejisinin-hisse-senedi-fiyatlari-ve-doviz-kuru-uzerine-etkisinin-incelenmesi","status":"publish","type":"post","link":"https:\/\/www.berjournal.com\/tr\/faiz-koridoru-stratejisinin-hisse-senedi-fiyatlari-ve-doviz-kuru-uzerine-etkisinin-incelenmesi","title":{"rendered":"Faiz Koridoru Stratejisinin Hisse Senedi Fiyatlar\u0131 ve D\u00f6viz Kuru \u00dczerine Etkisinin \u0130ncelenmesi"},"content":{"rendered":"<table style=\"font-family: Arial, serif; text-align: justify;\" width=\"534\" cellspacing=\"0\" cellpadding=\"7\">\n<tbody>\n<tr>\n<td style=\"color: #ffffff; font-weight: bold;\" valign=\"TOP\" bgcolor=\"#0188a6\" width=\"534\" height=\"15\">Makale Bilgileri<\/td>\n<\/tr>\n<tr>\n<td valign=\"TOP\" bgcolor=\"#ffffff\" width=\"534\" height=\"169\">\n<table border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"155\">Dergi:<\/td>\n<td>\u0130\u015fletme ve Ekonomi Ara\u015ft\u0131rmalar\u0131 Dergisi<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"155\">Makalenin Ba\u015fl\u0131\u011f\u0131:<\/td>\n<td>Faiz Koridoru Stratejisinin Hisse Senedi Fiyatlar\u0131 ve D\u00f6viz Kuru \u00dczerine Etkisinin \u0130ncelenmesi<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"155\">Yazar(lar):<\/td>\n<td>Metin Tetik, Re\u015fat Ceylan<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"155\">Cilt:<\/td>\n<td>6<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"155\">Say\u0131:<\/td>\n<td>4<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"155\">Y\u0131l:<\/td>\n<td>2015<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"155\">Sayfa:<\/td>\n<td>55-69<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"155\">ISSN:<\/td>\n<td>1309-2448<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #ffffff; font-weight: bold;\" valign=\"TOP\" bgcolor=\"#0188a6\" width=\"534\" height=\"15\">\u00d6z<\/td>\n<\/tr>\n<tr>\n<td valign=\"TOP\" bgcolor=\"#ffffff\" width=\"534\">Bu \u00e7al\u0131\u015fma Merkez Bankas\u0131n\u0131n 2011 y\u0131l\u0131nda uygulamaya koydu\u011fu yeni politika se\u00e7eneklerinden biri olan faiz koridoru stratejisinin, \u00f6nemli finansal yat\u0131r\u0131m ara\u00e7lar\u0131ndan hisse senedi ve d\u00f6viz kuru \u00fczerinde nas\u0131l etki yapt\u0131\u011f\u0131 \u00fczerine kurulmu\u015ftur. \u00c7al\u0131\u015fma faiz koridoru \u00f6ncesi ve sonras\u0131 olarak iki d\u00f6neme ayr\u0131lm\u0131\u015f ve bu d\u00f6nemlerde politika faizindeki de\u011fi\u015fmelerin hisse senedi fiyatlar\u0131 ve d\u00f6viz kuru \u00fczerine etkisi yap\u0131sal vekt\u00f6r oto regresyon (SVAR) modeli \u00e7er\u00e7evesinde incelenmi\u015ftir. \u00c7al\u0131\u015fmadan elde edilen bulgulara g\u00f6re; faiz koridoru stratejisi nedeniyle politika faizindeki bir de\u011fi\u015fim, hisse senedi fiyatlar\u0131 ve d\u00f6viz kuru \u00fczerinde daha uzun s\u00fcreli bir etkide bulunmaktad\u0131r ve b\u00f6ylece spek\u00fclatif ama\u00e7l\u0131 sermaye giri\u015flerini cayd\u0131rmaktad\u0131r. Bu bulgular, Ba\u015f\u00e7\u0131 ve Kara (2011)&#8217;de bahsedildi\u011fi gibi faiz oynakl\u0131\u011f\u0131n\u0131n artmas\u0131 sonucu ile \u00f6rt\u00fc\u015fmektedir.<\/td>\n<\/tr>\n<tr>\n<td valign=\"TOP\" bgcolor=\"#ffffff\" width=\"534\" height=\"22\">\n<table border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"155\">Anahtar Kelimeler:<\/td>\n<td>Para politikas\u0131, faiz koridoru, d\u00f6viz kuru, hisse senedi, yap\u0131sal vekt\u00f6r otoregresif \u00a0 (Structural VAR ) modeli<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"TOP\" bgcolor=\"#ffffff\" width=\"534\">\n<table border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" width=\"155\">JEL S\u0131n\u0131fland\u0131rmas\u0131:<\/td>\n<td>E58, G12<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><table style=\"border: 0px solid #CCC;\" cellpadding=\"3\" width=\"100%\">\r\n  <tr>\r\n    <td width=\"35\">\r\n      <img decoding=\"async\" src=\"https:\/\/www.berjournal.com\/tr\/wp-content\/uploads\/icons\/pdf.gif\" alt=\"https:\/\/www.berjournal.com\/tr\/wp-content\/uploads\/icons\/pdf.gif\" width=20 height=18>\r\n    <\/td>\r\n    <td>\r\n      <b> \r\n<a href=\"https:\/\/www.berjournal.com\/tr\/?file_id=304\">Tam Metin\r\n<\/b> ( <span style=\"font-weight:bolder;\">\u2193<\/span> 3116)<\/a>    <\/td>\r\n  <\/tr>\r\n<\/table><\/p>\n<div class=\"pvc_clear\"><\/div>\n<p id=\"pvc_stats_3149\" class=\"pvc_stats all  \" data-element-id=\"3149\" style=\"\"><i class=\"pvc-stats-icon medium\" aria-hidden=\"true\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"far\" data-icon=\"chart-bar\" role=\"img\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 512 512\" class=\"svg-inline--fa fa-chart-bar fa-w-16 fa-2x\"><path fill=\"currentColor\" d=\"M396.8 352h22.4c6.4 0 12.8-6.4 12.8-12.8V108.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v230.4c0 6.4 6.4 12.8 12.8 12.8zm-192 0h22.4c6.4 0 12.8-6.4 12.8-12.8V140.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v198.4c0 6.4 6.4 12.8 12.8 12.8zm96 0h22.4c6.4 0 12.8-6.4 12.8-12.8V204.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v134.4c0 6.4 6.4 12.8 12.8 12.8zM496 400H48V80c0-8.84-7.16-16-16-16H16C7.16 64 0 71.16 0 80v336c0 17.67 14.33 32 32 32h464c8.84 0 16-7.16 16-16v-16c0-8.84-7.16-16-16-16zm-387.2-48h22.4c6.4 0 12.8-6.4 12.8-12.8v-70.4c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v70.4c0 6.4 6.4 12.8 12.8 12.8z\" class=\"\"><\/path><\/svg><\/i> <img loading=\"lazy\" decoding=\"async\" width=\"16\" height=\"16\" alt=\"Loading\" src=\"https:\/\/www.berjournal.com\/wp-content\/plugins\/page-views-count\/ajax-loader-2x.gif\" border=0 \/><\/p>\n<div class=\"pvc_clear\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Makale Bilgileri Dergi: \u0130\u015fletme ve Ekonomi Ara\u015ft\u0131rmalar\u0131 Dergisi Makalenin Ba\u015fl\u0131\u011f\u0131: Faiz Koridoru Stratejisinin Hisse Senedi Fiyatlar\u0131 ve D\u00f6viz Kuru \u00dczerine Etkisinin \u0130ncelenmesi Yazar(lar): Metin Tetik, Re\u015fat Ceylan Cilt: 6 Say\u0131: 4 Y\u0131l: 2015 Sayfa: 55-69 ISSN: 1309-2448 \u00d6z Bu \u00e7al\u0131\u015fma Merkez Bankas\u0131n\u0131n 2011 y\u0131l\u0131nda uygulamaya koydu\u011fu yeni politika se\u00e7eneklerinden biri olan faiz koridoru stratejisinin, \u00f6nemli [&hellip;]<\/p>\n<div class=\"pvc_clear\"><\/div>\n<p id=\"pvc_stats_3149\" class=\"pvc_stats all  \" data-element-id=\"3149\" style=\"\"><i class=\"pvc-stats-icon medium\" aria-hidden=\"true\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"far\" data-icon=\"chart-bar\" role=\"img\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 512 512\" 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