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Accounting for financial instruments in the banking industry : conclusions from a simulation model
Gebhardt, Günther; Reichardt, Rolf; Wittenbrink, Carsten - 2003 - Revised: November 2003
The paper analyses the effects of three sets of accounting rules for financial instruments - Old IAS before IAS 39 … became effective, Current IAS or US GAAP, and the Full Fair Value (FFV) model proposed by the Joint Working Group (JWG) - on … IAS a fully hedged bank can portray its zero economic earnings in its financial statements. As Old IAS offer much …
Persistent link: https://www.econbiz.de/10009765358
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The economic consequences of including fair value adjustments to shareholders' equity in regulatory capital calculations
Chircop, Justin; Novotny-Farkas, Zoltán - 2014 - First draft: April 10, 2014, This draft: September 18, 2014
We investigate the economic consequences of the implementation of a particular aspect of Basel III in the U.S. Specifically, the Basel III proposal and the corresponding U.S. rule (hereafter referred to as the removal of the AOCI filter) to make the inclusion of unrealized fair value gains and...
Persistent link: https://www.econbiz.de/10010429138
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Fair value reclassifications of financial assets during the financial crisis
Bischof, Jannis; Brüggemann, Ulf; Daske, Holger - 2012
At the peak of the financial crisis in October 2008, the IASB amended IAS 39 to grant companies the option of … bid-ask spreads in the long run. -- Bank Regulation ; Fair Value Accounting ; Financial Crisis ; IAS 39 ; IFRS 7 …
Persistent link: https://www.econbiz.de/10009487337
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The Effects of the Fair Value Option Under IAS 39 on the Volatility of Bank Earnings
Fiechter, Peter - 2011
Using an international sample of 222 banks from 41 countries, this study examines whether the fair value option (FVO) affects earnings volatility. Prior empirical studies associate higher levels of earnings volatility with fair value accounting (Barth et al. 1995; Hodder et al. 2006). In contrast, I...
Persistent link: https://www.econbiz.de/10013131351
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Why Banks Elected SFAS No. 159’s Fair Value Option : Opportunism versus Compliance with the Standard’s Intent
Liu, Chi-Chun - 2011
Persistent link: https://www.econbiz.de/10013134053
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Application of the Fair Value Option Under IAS 39 : Effects on the Volatility of Bank Earnings
Fiechter, Peter - 2011
This study examines whether the application of the fair value option (FVO) induces different levels of earnings volatility during the time period from January 2006 until July 2007 using an international sample of 227 banks from 42 countries. Although fair value accounting is generally believed...
Persistent link: https://www.econbiz.de/10013134786
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Did Exit Pricing Under FASB 157 Contribute to the Subprime Mortgage Crisis?
Harris, Peter - 2011
The current financial crisis has revived the debate surrounding fair value accounting especially in the case of illiquid markets and for assets that lack marketability. Many analysts argue that it was issuance of FASB 157 (ASC 820) and the use of fair value accounting that caused the financial...
Persistent link: https://www.econbiz.de/10013123190
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Market Reactions to Policy Deliberations on Fair Value Accounting and Impairment Rules During the Financial Crisis of 2008-2009
Bowen, Robert M. - 2013
Fair value accounting (FVA) has been blamed for amplifying the financial crisis of 2008-2009. We investigate investor and creditor reactions to policymaker deliberations, recommendations and decisions about FVA and impairment rules in the banking industry. If FVA was a key contributor to the...
Persistent link: https://www.econbiz.de/10013075922
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The IFRS Option to Reclassify Financial Assets out of Fair Value in 2008 : The Roles Played by Regulatory Capital and Too-Important-To-Fail Status
Fiechter, Peter - 2019
Amendment of IAS 39 by the IASB in 2008 provided an option to reclassify investments from fair value to historical cost …
Persistent link: https://www.econbiz.de/10012901923
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Fair Value Accounting and Financial Contagion : An Analysis of Marking Up
Tang, Chao - 2019
This paper examines how fair value accounting can create financial contagion among banks and therefore increase bank regulators' costs of protecting insured depositors. Prior research mainly focuses on the economic consequences of marking down, whereas I contribute to the literature by providing...
Persistent link: https://www.econbiz.de/10012890042