alleged by the critics; they point out that most bank assets are not fair valued, and the assets that are fair valued likely …

There is a popular belief that the confluence of bank capital rules and fair value accounting helped trigger the recent … investments which further depressed prices. This ultimately led to bank instability and the credit effects that reached a peak … may have been other more significant factors putting stress on bank regulatory capital …

policymakers support FVA. Second, we investigate cross-sectional stock price reactions to bank-specific factors that potentially …

This paper examines how fair value accounting can create financial contagion among banks and therefore increase bank …, a healthy bank obtains additional regulatory capital to absorb a failing bank, which would otherwise be liquidated in a … less efficient secondary market, thereby saving regulators' costs. On the other hand, the otherwise healthy bank becomes …

mandatory for all banks was highly controversial. The regulators' view that such an inclusion would result in greater bank … of regulatory capital. Second, bank share prices reacted negatively (positively) to pronouncements that increased …

nonprofessional investors to invest in a bank’s shares. Specifically, we assess how investors respond to variations in net income …-professioneller Investoren beeinflusst. Dabei wird die Entscheidung, in Aktien einer Bank zu investieren, in Reaktion auf verschieden hohe … Bewertungsänderungen der Aktiva Position „Wertpapiere“ der Bank untersucht. Es erfolgt des Weiteren eine differenzierte Betrachtung der …

evidence to date points in the opposite direction, that is, towards overvaluation of bank assets. -- Mark-to-Market Accounting …