The currency board and the single European currency – the valuations in the accounting

Abstract

The aim of the publication is to present opinions of prominent economists, politicians and researchers concerning the policy of introducing the euro in Bulgaria as the main monetary unit. The research method is content analysis of publications from specialized economic publications, from non-specialized publications, interviews of economists, politicians and businessmen. The scope of the research covers specificities of the process of switching from one currency unit to another influenced by policy decisions has a significant impact on the accounting estimates applicable in the financial statements of economic operators. Public attitudes both for introducing and refusing to maintain the currency board are analyzed. The practical implication of the paper concerns new rules that have to be adapted directly relevant to the introduction of the single European currency (EUR).

Keywords

• accounting valuations
• currency board
• euro
• risk