Turkey-BOP-Definitions&Principles--354

Turkey-BOP-Definitions&Principles--354 - i BALANCE...

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Unformatted text preview: i BALANCE OF PAYMENTS STATISTICS DEFINITION, PRINCIPALS AND PRACTICE IN TURKEY THE CENTRAL BANK OF TURKEY STATISTICS DEPARTMENT Balance of Payments Division i TABLE OF CONTENTS Sayfa No I- DEFINITION ................................................................................................1 II- PRINCIPLES ..............................................................................................2 1. Double-entry .........................................................................................2 2. Change of Ownership ...........................................................................4 3. Market Value .........................................................................................4 III- STANDARD COMPONENTS ....................................................................4 1. Current Account ..........................................................................................4 a) Goods and Services..............................................................................5 i) Goods ............................................................................................5 ii) Services ........................................................................................5 b) Income ..................................................................................................5 c) Current transfers ...................................................................................6 2) CAPITAL AND FINANCIAL ACCOUNT ......................................................6 a) Capital Account:....................................................................................6 b) Financial Account:.................................................................................6 i) Direct investment...........................................................................8 ii) Portfolio investment ......................................................................8 iii) Financial Derivatives ....................................................................9 iv) Other Investment .........................................................................9 v) Reserve Assets ............................................................................9 3) NET ERRORS AND OMISSIONS.......................................................10 IV- THE PRACTICE IN TURKEY AND DATA SOURCES ...........................12 1. Current Account: .......................................................................................13 a) Goods: ................................................................................................13 b) Services: .............................................................................................15 i) Transportation: ............................................................................15 ii) Travel: .........................................................................................15 iii) Construction Services: ...............................................................16....
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This note was uploaded on 05/26/2010 for the course ECON 354 taught by Professor Emre during the Spring '10 term at Middle East Technical University.

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Turkey-BOP-Definitions&Principles--354 - i BALANCE...

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