Accounting Exposure and EMU

Richard Friberg
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Richard Friberg: Stockholm School of Economics

Chapter 12 in Exchange Rates and the Firm, 1999, pp 116-118 from Palgrave Macmillan

Abstract: Abstract In many senses this was the easy part of exchange rate exposure, and the same goes for the impact of EMU. A German firm which has subsidiaries in, say, Spain and Portugal, today has an accounting exposure.This exposure will obviously disappear if all three countries take part in a monetary union. Similarly the basic issue is simple for firms outside EMU — a Swedish or US firm having a German subsidiary will have accounting exposure to the euro instead of to the D-mark.

Keywords: Euro Area; Fund Manager; Monetary Union; Swedish Krona; Functional Currency (search for similar items in EconPapers)
Date: 1999
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DOI: 10.1057/9780333982372_12

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