The controversy about the choice among accounting alternatives is often based on arguments suggesting heuristic … behaviour by market participants and firm managers. Debates focus on whether accounting methodology systematically alters …

The introduction of a new accounting standard for financial instruments, has raised a number of issues related to the … statement and so will be any biases from the application of historical accounting for derivatives. Despite any measurement … and makes the systematic application of fair value accounting fraud with difficulty there, would seem to be much more …

. This is why standard setters seem focused on fair value accounting. How estimates of the future are incorporated in …

relationship banks gather information on their borrowers, which allows them to provide loans for profitable firms during a crisis … firms in a crisis. Using detailed credit register information for Italian banks before and after the Lehman Brothers …' default, we are able to study how relationship and transaction-banks responded to the crisis and we test existing theories of …

the Greek fiscal crisis influenced short- and medium-term inflation expectations but had only a very small impact on long …

reinforcing steps in three areas: accounting, disclosure and risk management; the architecture of prudential regulation; and …

differences in perspective between accounting standard setters and prudential authorities. Building on previous work, we argue … could act as more of a focal point in the design of accounting standards, as greater consistency between sound risk … management practices and accounting standards can help to narrow the wedge between accounting and underlying economic valuations. …

regards micro information, significant differences in perspective between accounting standard setters and prudential … accounting standard setters and supervisory authorities is called for both in developing the final set of information and in …