Das MEMORANDUM 2009 handelt von einer dramatischen Situation: Die Weltwirtschaftskrise ist auch in Deutschland angekommen. Was sind deren Ursachen, welche spezifische Ausprägung nimmt sie hierzulande an, warum und wodurch wird sie bei uns noch verschärft? Die Arbeitsgruppe Alternative...

This paper deals with the proposed use of sovereign credit ratings in the Basel Accord on Capital Adequacy (Basel II) and considers its potential effect on emerging markets financing. It investigates in a first attempt the consequences of the planned revisions on the two central aspects of...

The recent financial crisis has led to a vigorous debate about the pros and cons of fair-value accounting (FVA). This debate presents a major challenge for FVA going forward and standard setters’ push to extend FVA into other areas. In this article, we highlight four important issues as an...