Starjournal Quotation Laux, Christian. 2016. The economic consequences of extending the use of fair value accounting in regulatory capital calculations: A discussion. Journal of Accounting and Economics 62 (2-3), 204-208.


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Abstract

When the Federal Reserve, following Basel III, proposed removing the accumulated other comprehensive income (AOCI) filter that shields regulatory capital from unrealized gains and losses on available-for-sale (AFS) debt securities, it triggered fierce opposition. The topic is at the heart of the debate about the role of fair value accounting for financial stability. Chircop and Novotny-Farkas (2016) investigate banks' stock price reaction and investment behavior around news events up to the announcement of the final decision. I focus on the question of whether their evidence is sufficiently strong to convince either side in the debate.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal Journal of Accounting and Economics
Citation Index SSCI
WU Journalrating 2009 A+
Starjournal Y
Language English
Title The economic consequences of extending the use of fair value accounting in regulatory capital calculations: A discussion
Volume 62
Number 2-3
Year 2016
Page from 204
Page to 208
Reviewed? Y
DOI http://dx.doi.org/10.1016/j.jacceco.2016.10.005

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Laux, Christian (Details)
Organization
Institute for Finance, Banking and Insurance IN (Details)
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