Abstract
January 1st, 1999 marked the introduction of the Euro, a crucial step in the establishment of the European Monetary Union [EMU]. Since then, the exchange rates between the currencies of the 11 countries of the Euro-zone have been fixed. This fact has important consequences for the way in which business is conducted in the countries of the Euro-zone (e.g., it eliminates all exchange rate risks). In this paper we study one effect of the introduction of the Euro on business practice, namely the impact on the accounting and reporting process by companies in the Euro-zone.
The authoer wish to thank the members of the Accounting Commission of the 24th Flemish Scientific Economic Conference for their constructive remarks. The authors also wish to thank in particular Filip Leflot (EASDAQ) for providing information necessary for data construction and Jean-Paul Servais, advisor of the Belgian Minister of Finance, for many helpful discussions. We thank Steven Geirnaert for caluable assistance in the data gathering process.
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Joos, P., Weets, V. (2000). Impact of the Introduction of the Euro on Financial Reporting in the EMU. In: Ooghe, H., Heylen, F., Vander Vennet, R., Vermaut, J. (eds) The Economic and Business Consequences of the EMU. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-1383-4_15
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DOI: https://doi.org/10.1007/978-1-4615-1383-4_15
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