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EBX01000000000000000726088 |
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00000000000000.0 |
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150128 ||| eng |
| 020 |
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|a 9781451871876
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| 100 |
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|a Scarlata, Jodi
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| 245 |
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0 |
|a Procyclicality and Fair Value Accounting
|c Jodi Scarlata, Juan Sole, Alicia Novoa
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2009
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| 300 |
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|a 42 pages
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| 651 |
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4 |
|a United States
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| 653 |
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|a Business cycles
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| 653 |
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|a Public Administration
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| 653 |
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|a Banks
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| 653 |
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|a Finance
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| 653 |
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|a Securities
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| 653 |
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|a Banks and banking
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| 653 |
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|a Industries: Financial Services
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| 653 |
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|a Financial statements
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| 653 |
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|a Mortgages
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| 653 |
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|a Accounting
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| 653 |
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|a Public Sector Accounting and Audits
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Public financial management (PFM)
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| 653 |
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|a Banking
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| 653 |
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|a Financial reporting, financial statements
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| 653 |
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|a Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data)
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| 653 |
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|a Depository Institutions
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| 653 |
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|a Institutional Investors
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| 653 |
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|a Pension Funds
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| 653 |
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|a Financial institutions
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| 653 |
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|a Financial Instruments
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| 653 |
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|a Micro Finance Institutions
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| 653 |
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|a Financial Institutions and Services: Government Policy and Regulation
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| 653 |
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|a General Financial Markets: General (includes Measurement and Data)
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| 653 |
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|a Non-bank Financial Institutions
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| 653 |
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|a Loans
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| 653 |
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|a Financial instruments
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| 653 |
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|a Banks and Banking
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| 653 |
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|a Investments: General
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| 653 |
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|a Economic growth
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| 653 |
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|a Finance, Public; Accounting
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| 653 |
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|a Financial Markets and the Macroeconomy
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| 653 |
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|a Investment & securities
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| 653 |
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|a Finance: General
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| 700 |
1 |
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|a Sole, Juan
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| 700 |
1 |
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|a Novoa, Alicia
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a IMF Working Papers
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| 856 |
4 |
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|u https://elibrary.imf.org/view/journals/001/2009/039/001.2009.issue-039-en.xml?cid=22634-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
0 |
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|a 330
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| 520 |
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|a In light of the uncertainties about valuation highlighted by the 2007-2008 market turbulence, this paper provides an empirical examination of the potential procyclicality that fair value accounting (FVA) could introduce in bank balance sheets. The paper finds that, while weaknesses in the FVA methodology may introduce unintended procyclicality, it is still the preferred framework for financial institutions. It concludes that capital buffers, forward-looking provisioning, and more refined disclosures can mitigate the procyclicality of FVA. Going forward, the valuation approaches for accounting, prudential measures, and risk management need to be reconciled and will require adjustments on the part of all parties
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