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Proposals for New Accounting Standards for Foreign Monetary Items

Oxelheim, Lars LU (1983) In Journal of Business Finance & Accounting 10(4). p.257-288
Abstract
The purpose of this study was to propose and evaluate different methods for measuring and reporting exchange gains and losses on corporate monetary items. Focusing on the Swedish experience, the empirical validity of three laws/monetary relationships from economic theory were examined for currencies in the Swedish 'basket' for the period 1974–1981. The basic overall finding of the study was that a method based on the Purchasing Power Parity Theory appears generally superior to methods based on either Fisher's Open Relationship or the Interest Rate Parity Theory, and also superior to the currently favoured use of the closing rate.
Please use this url to cite or link to this publication:
author
organization
publishing date
type
Contribution to journal
publication status
published
subject
in
Journal of Business Finance & Accounting
volume
10
issue
4
pages
257 - 288
publisher
Wiley-Blackwell
external identifiers
  • scopus:84978593310
ISSN
0306-686X
DOI
10.1111/j.1468-5957.1983.tb00428.x
language
English
LU publication?
yes
id
0e436feb-ded9-45a9-b156-415e4df730bb (old id 1514059)
date added to LUP
2009-12-30 11:42:37
date last changed
2017-09-24 03:41:33
@article{0e436feb-ded9-45a9-b156-415e4df730bb,
  abstract     = {The purpose of this study was to propose and evaluate different methods for measuring and reporting exchange gains and losses on corporate monetary items. Focusing on the Swedish experience, the empirical validity of three laws/monetary relationships from economic theory were examined for currencies in the Swedish 'basket' for the period 1974–1981. The basic overall finding of the study was that a method based on the Purchasing Power Parity Theory appears generally superior to methods based on either Fisher's Open Relationship or the Interest Rate Parity Theory, and also superior to the currently favoured use of the closing rate.},
  author       = {Oxelheim, Lars},
  issn         = {0306-686X},
  language     = {eng},
  number       = {4},
  pages        = {257--288},
  publisher    = {Wiley-Blackwell},
  series       = {Journal of Business Finance & Accounting},
  title        = {Proposals for New Accounting Standards for Foreign Monetary Items},
  url          = {http://dx.doi.org/10.1111/j.1468-5957.1983.tb00428.x},
  volume       = {10},
  year         = {1983},
}