What is the meaning of an account labeled statistical discrepancy or errors and omissions? If this account

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What is the meaning of an account labeled “statistical discrepancy” or “errors and omissions”? If this account is a credit, what does that imply about the measurement of other items in the balance of payments?

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International Financial Management

ISBN: 978-0132162760

2nd edition

Authors: Geert Bekaert, Robert J. Hodrick

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