Complementing the recent review of the banking literature in accounting by Beatty and Liao (2014), I offer my own … thoughts on the role of financial accounting in banking. I focus my discussion on real effects of accounting policy choices on … accounting decisions in influencing bank stability through two distinct accounting channels: accounting numbers as numerical …

The financial crisis that erupted in late 2007 has resurfaced debates about the role of accounting and external … risks. The debate has largely focused on the role of fair value accounting, securitization and special purpose entities, off … accounting system that may help provide early warnings of and help mitigate potential systemic risks and others that may mask and …

Adjustment, MVA) should be accounted for in Accounting Fair Value under IFRS 13. We find strong indications that MVA should be …

In this paper, we review the existing evidence on the role of fair value accounting in transforming what started as a …. The paper discusses the academic evidence on the conflict in the interaction of accounting measurements - intended to … accounting in distressed markets with the purpose to stimulate further research in this area …

. The example of Lehman Brothers shows how important it is to formulate appropriate accounting standards that actually …

Type-I error, but a higher Type-II error, than signaling via accounting conservatism. Our results further indicate that …TThere has been debate over the economic consequences of accounting conservatism in debt contracting. We contribute to … this debate by arguing that the prospect of signaling project return may give rise to the demand for conservative …