Fair value accounting, historical cost accounting, and systemic risk : policy issues and options for strengthening valuation and reducing risk /

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Fair value accounting (FVA) refers to the practice of updating the valuation of assets or securities on a regular basis, ideally by reference to current prices for similar assets or securities established in the context of a liquid market; historical cost accounting (HCA) instead records the value o...

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Bibliographic Details
Call Number:Libro Electrónico
Main Author: Greenberg, Michael D., 1969-
Corporate Author: RAND Center for Corporate Ethics and Governance
Other Authors: Helland, Eric, Clancy, Noreen, Dertouzos, James N., 1950-
Format: Electronic eBook
Language:Inglés
Published: Santa Monica, CA : Rand Corporation, ©2013.
©2013
Subjects:
Fair value > Accounting.
BUSINESS & ECONOMICS > Banks & Banking.
Fair value > Accounting
Online Access:Texto completo
Table of Contents:
  • Introduction
  • Background: the debate over FVA and HCA
  • Systemic risk and accounting approaches
  • Accounting standards and prudential regulation
  • Lessons from historical episodes involving accounting standards, systemic risk, and financial crisis
  • Implementation and risk: the challenges to doing FVA and HCA well
  • Conclusion and policy options
  • Appendix: An overview of HCA and FVA.

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