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

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

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...

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Bibliographic Details
Main Author: Greenberg, Michael D. (auth)
Other Authors: Helland, Eric (auth), Clancy, Noreen (auth), Dertouzos, James N. (auth)
Format: Electronic Book Chapter
Language:English
Published: RAND Corporation 2013
Subjects:
Banking
History of the Americas
Banking law
Finance
Law
History
Online Access:DOAB: download the publication
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Summary: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 the financial sector, providing recommendations on how FVA and HCA can both be improved.
ISBN:j.ctt5hhv55
9780833083661
9780833082121
Access:Open Access

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