Fair Value Accounting, Historical Cost Accounting, and Systemic Risk Policy Issues and Options for Strengthening Valuation and Reducing Risk

• Auteur principal: Greenberg, Michael D. (auth)
• Autres auteurs: Helland, Eric (auth), Clancy, Noreen (auth), Dertouzos, James N. (auth)
• Format: Électronique Chapitre de livre
• Langue: anglais
• Publié: RAND Corporation 2013
• Sujets: Banking; History of the Americas; Banking law; Finance; Law; History
• Accès en ligne: DOAB: download the publication; DOAB: description of the publication

In the wake of the 2008 financial crisis, conflicting arguments have been made about fair value accounting (FVA) versus historical cost accounting (HCA) and the role that each played in the crisis. This report examines the relationship between both types of accounting practices and systemic risk in...