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Accounting Discretion of Banks During a Financial Crisis.

This paper shows that banks use accounting discretion to overstate the value of distressed assets. Banks' balance sheets overvalue real estate-related assets compared to the market value of these assets, especially during the U.S. mortgage crisis. Share prices of banks with large exposure to mo...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Laeven, Luc
Otros Autores: Huizinga, Harry
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington : International Monetary Fund, 2009.
Colección:IMF Working Papers.
Temas:
Acceso en línea:Texto completo