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.

RIS

@ARTICLE{Laux2016,
title = {The economic consequences of extending the use of fair value accounting in regulatory capital calculations: A discussion},
author = {Christian Laux},
year = {2016},
doi = {http://dx.doi.org/10.1016/j.jacceco.2016.10.005},
volume = {62},
number = {2-3},
language = {EN},
pages = {204-208},
journal = {Journal of Accounting and Economics},
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.},
}