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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Status of publication | Published |
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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)