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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...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Otros Autores: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Washington :
International Monetary Fund,
2009.
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| Colección: | IMF Working Papers.
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| Temas: | |
| Acceso en línea: | Texto completo |
MARC
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| 001 | EBOOKCENTRAL_ocn870245474 | ||
| 003 | OCoLC | ||
| 005 | 20240329122006.0 | ||
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| 008 | 140208s2009 dcu o 000 0 eng d | ||
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| 019 | |a 1124351049 | ||
| 020 | |a 9781452734927 | ||
| 020 | |a 1452734925 | ||
| 020 | |a 1451917767 | ||
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| 024 | 8 | |a 10.5089/9781451917765.001 | |
| 029 | 1 | |a DEBBG |b BV044178632 | |
| 035 | |a (OCoLC)870245474 |z (OCoLC)1124351049 | ||
| 050 | 4 | |a HG1581 .H85 2009 | |
| 082 | 0 | 4 | |a 332.01 |
| 049 | |a UAMI | ||
| 100 | 1 | |a Laeven, Luc. | |
| 245 | 1 | 0 | |a Accounting Discretion of Banks During a Financial Crisis. |
| 260 | |a Washington : |b International Monetary Fund, |c 2009. | ||
| 300 | |a 1 online resource (72 pages) | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a IMF Working Papers ; |v v. Working Paper No. 09/207 | |
| 505 | 0 | |a Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Tobin's q Value and Market Discounts; III. The Data; 1. Tobin's q and Share of Zombie Banks; 2. Real Estate Loans and Mortgage-backed Securities; 3. Share of Mortgage-backed Securities that is Held-to-Maturity; 4. Fair Value of Mortgage-backed Securities Relative to Amortized Cost; 5. Tier 1 Capital Ratio and Share of Tier 1 Capital in Total Capital; 1. Summary Statistics for 2008, Quarterly Data; IV. Market Discounts and Valuation Effects of Real Estate Related Assets; A. Empirical Evidence on Market Discounts. | |
| 505 | 8 | |a 2. Tobin's q and Real Estate Related Assets in 20083. Tobin's q and Real Estate Related Assets in 2001-2007; 4. Tobin's q Real Estate Related Assets and Asset Size; 5. Tobin's q and Additional Balance Sheet and Off-balance Sheet Items; B. Banks' Stock Price Reaction to Amendments of Fair Value Accounting Rules; 6. Event Study of New FASB Rules on Fair Value Accounting for Illiquid Assets (FAS 157), Announced on October 10, 2008; 7. Event Study of FASB Amendments to Fair Value Accounting of Hard-to-Value Assets, Announced on April 9, 2009. | |
| 505 | 8 | |a V. Accounting Discretion on Impaired Assets and Asset ClassificationA. Accounting Discretion on Accounting for Bad Loans; 8. Loan Loss Provisions and Net Loan Charge-offs in 2008; B. Classification of Mortgage-Backed Securities; 9. Share of Mortgage-backed Securities that is Held-to-Maturity in 2008; 10. Share of Non-Guaranteed Mortgage-backed Securities that is Held-to-Maturity in 2001-2007; VI. Conclusions; Variable Definitions and Data Sources; References; Footnotes. | |
| 520 | |a 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 mortgage-backed securities also react favorably to recent changes in accounting rules that relax fair-value accounting, and these banks provision less for bad loans. Furthermore, distressed banks use discretion in the classification of mortgage-backed securities to inflate their books. Our results indicate. | ||
| 588 | 0 | |a Print version record. | |
| 590 | |a ProQuest Ebook Central |b Ebook Central Academic Complete | ||
| 650 | 0 | |a Banks and banking. | |
| 650 | 0 | |a Accounting |x Corrupt practices. | |
| 650 | 6 | |a Comptabilité |x Pratiques déloyales. | |
| 650 | 7 | |a Accounting |x Corrupt practices |2 fast | |
| 650 | 7 | |a Banks and banking |2 fast | |
| 700 | 1 | |a Huizinga, Harry. | |
| 758 | |i has work: |a Accounting discretion of banks during a financial crisis (Text) |1 https://id.oclc.org/worldcat/entity/E39PCG9WGWjGwygwGVgyTqT4MP |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
| 776 | 0 | 8 | |i Print version: |a Laeven, Luc. |t Accounting Discretion of Banks During a Financial Crisis. |d Washington : International Monetary Fund, ©2009 |z 9781451873542 |
| 830 | 0 | |a IMF Working Papers. | |
| 856 | 4 | 0 | |u https://ebookcentral.uam.elogim.com/lib/uam-ebooks/detail.action?docID=1608833 |z Texto completo |
| 938 | |a ProQuest Ebook Central |b EBLB |n EBL1608833 | ||
| 938 | |a YBP Library Services |b YANK |n 11618180 | ||
| 994 | |a 92 |b IZTAP | ||