Gecelik Faiz, Politika Faizi, Geç Likidite Penceresi, Repo Nedir?

2020 yılında TCMB farklı araçlar üreterek dolaylı yollar ile piyasayı fonladı ve hatta fiyat istikrarı görevini bir kenara bırakıp, TL’nin sert değer kaybı sebebiyle döviz kurlarına dolaylı yoldan müdahil oldu. Bu süreçte oldukça fazla haber ve malumat(information) yayınladı. Fakat kimileri için tam olarak akla yatmayan, anlaşılamayan veya farkının anlaşılmadığı kavramlar duyulmaya başlandı; Overnight Faiz, geç likidite penceresi, gecelik faiz, repo, gösterge faiz vs… Bu alanda Türkçe kaynak az olmakla birlikte kafa karışıklığı da çok yaygın. Bu yazımda bunlara açıklık getirmeye çalışacağım.

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Fundamentals of Capital Budgeting and Financial Modelling

I’m intented to explain fundemantal structure of Capital Budgeting herewith. Financial Modelling step is the natural inevitable outcome after the budgeting process. You may find more detailed explanations later in the article.

Capital Budgeting

Capital budgeting is the process that companies use for decision making on Capital Projects those projects with a life of a year or more. It is accepted that, real capital investements of a company describe the company better than its working capital or capital structure. Valuation principles used in capital budgeting are similar to the valuation principles used in security analysis and portfolio management.

Outlines of Capital Budgeting Process

  • First of all investment ideas need to be generated. These ideas could be bring through top to bottom or bottom to top. Idea generation process is quite important step but most of the books or experts overlooking it.
  • Generally these ideas need to be compitable with the company’s overall strategy or expertise. And it also must consider the projects’ timing. Some projects may look good when considered in isolation but maybe undesirable strategically. Because of financial and real soruce issues, the scheduling and prioritizing of projects is important.
  • In post-auditing process, actual results are compared to planned results any differences must be explained.

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Yedi Yılın Yatırım Analizi (2010-2017)

Bu analiz Türkiye’de, 2010 yılında bir yatırımın 2017’deki değerini görmek adına hazırlanmıştır. Eğitim ve tecrübemle, daha karmaşık teoriler kullanarak analiz edip açıklamak mümkün olsa da; bu basit bakış açısının da kıymetli olduğunu görüşündeyim. Zira sistematik risklerin ülkemizde OECD ülkelerine nispeten fazla olması, bu yaklaşımın kıymetini arttırmaktadır. Elbette ki portföy hazırlarken çeşitli çarpanlar, değişkenler ve parametreler dikkate alınarak yatırım yapılması gerektiğini belirtmek gerek. Ve elbette ki bu analiz bir yatırım tavsiyesi niteliğinde değildir. Finans bilgisi ortalama olan bireylerin dijital ortamda (telefonunda uygulama üzerinden vs) kolayca yapabileceği yatırımların ne gibi şekil aldığını anlatmaya çalışır. Yani genel tabloyu basit şekilde görmek için yapılmıştır.

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New-Model Development Finance

China’s success in establishing the Asian Infrastructure Investment Bank(AIIB) has been widely regarded as a diplomatic fiasco for the United States. After discouraging all US allies from joining the AIIB, President Barack Obama’s administration watched as Great Britain led a raft of Western European countries, followed by Australia and South Korea, into doing just that.

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The 25 Most Difficult Questions You’ll Be Asked on a Job Interview

Being prepared is half the battle.

If you are one of those executive types unhappy at your present post and embarking on a New Year’s resolution to find a new one, here’s a helping hand. The job interview is considered to be the most critical aspect of every expedition that brings you face-to- face with the future boss. One must prepare for it with the same tenacity and quickness as one does for a fencing tournament or a chess match.

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A Year of Divergence

In the coming year, “divergence” will be a major global economic theme, applying to economic trends, policies, and performance. As the year progresses, these divergences will become increasingly difficult to reconcile, leaving policymakers with a choice: overcome the obstacles that have so far impeded effective action, or risk allowing their economies to be destabilized.

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Liberal Multiculturalism Masks An Old Barbarism With A Human Face

SJ-2Zizek is the most influential, intriguing and famed philosopher in our time. He has an heterodox, contrarian, idiosyncratic approach to every single subject. About multiculturalism, he points the reverse angle, inner truth…

Across Europe, the politics of the far right is infecting us all with the need for a ‘reasonable’ anti-immigration policy

The recent expulsion of Roma, or Gypsies, from France drew protests from all around Europe – from the liberal media but also from top politicians, and not only from those on the left. But the expulsions went ahead, and they are just the tip of a much larger iceberg of European politics.

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