Volume : V, Issue : IV, April - 2015
The Error And Omissions Issue: A Comparison Between Turkey And India
Dr. Ayca Sarialioglu Hayali
Abstract :
 The statistical discrepancy or balancing item in the Balance of Payments Statistics, which is called “Errors 
or Omissions, Net (E&O)”, reflect transactions that are known to have occurred in the country, however 
could not be detected and measured. So, it has great potential to underline the problems of an economy, such as the 
lack of transparency and illicit financial flows. Regardless of their reasons, it can be said that there is a reverse relationship between the increases in the E&O and transparency of the country, hence instability. In this regard, in this paper 
it was found out that for both countries, Turkey and India, there seems a problem in the transparency, hence in the 
reliability of the BOP statistics, proven by the upward trend of E&O over time. Moreover, it was proven that the crisis 
periods have potential to trigger unrecorded outflows. 
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DOI : 10.36106/ijar
Cite This Article:
Dr. Ayca Sarialioglu-Hayali The Error And Omissions Issue: A Comparison Between Turkey And India Indian Journal of Applied Research, Vol.5, Issue : 4 April 2015
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Dr. Ayca Sarialioglu-Hayali The Error And Omissions Issue: A Comparison Between Turkey And India Indian Journal of Applied Research, Vol.5, Issue : 4 April 2015
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