| |
|
|
|
|
|
|
|
|
1. |
Record Nr. |
UNINA9910822386603321 |
|
|
Autore |
Clapp Priscilla A. |
|
|
Titolo |
Securing a democratic future for Myanmar / / Priscilla A. Clapp |
|
|
|
|
|
Pubbl/distr/stampa |
|
|
New York, New York : , : Council on Foreign Relations, , 2016 |
|
©2016 |
|
|
|
|
|
|
|
|
|
ISBN |
|
|
|
|
|
|
Descrizione fisica |
|
1 online resource (59 p.) |
|
|
|
|
|
|
Collana |
|
Council Special Report ; ; Number 75 |
|
|
|
|
|
|
Disciplina |
|
|
|
|
|
|
Soggetti |
|
Democratization - Burma |
Economic sanctions, American - Burma |
United States Foreign relations Burma |
|
|
|
|
|
|
|
|
Lingua di pubblicazione |
|
|
|
|
|
|
Formato |
Materiale a stampa |
|
|
|
|
|
Livello bibliografico |
Monografia |
|
|
|
|
|
Note generali |
|
Description based upon print version of record. |
|
|
|
|
|
|
Nota di contenuto |
|
Pages:1 to 10; Pages:11 to 20; Pages:21 to 30; Pages:31 to 40; Pages:41 to 50; Pages:51 to 59 |
|
|
|
|
|
|
|
|
Sommario/riassunto |
|
To ensure the success of Myanmar's historic democratic transition, the United States should revise its outdated and counterproductive sanctions policy, according to Priscilla A. Clapp, former chief of mission at the U.S. Embassy in Myanmar. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2. |
Record Nr. |
UNINA9910970438903321 |
|
|
Autore |
Laeven Luc |
|
|
Titolo |
Accounting discretion of banks during a financial crisis / / Luc Laeven, Harry Huizinga |
|
|
|
|
|
|
|
Pubbl/distr/stampa |
|
|
Washington, D.C. : , : International Monetary Fund, , 2009 |
|
|
|
|
|
|
|
ISBN |
|
9786612844133 |
9781462332557 |
1462332552 |
9781451873542 |
1451873549 |
9781282844131 |
128284413X |
9781452734927 |
1452734925 |
|
|
|
|
|
|
|
|
Edizione |
[1st ed.] |
|
|
|
|
|
Descrizione fisica |
|
|
|
|
|
|
Collana |
|
|
|
|
|
|
Altri autori (Persone) |
|
|
|
|
|
|
Disciplina |
|
|
|
|
|
|
Soggetti |
|
Banks and banking |
Accounting - Corrupt practices |
Asset valuation |
Asset-liability management |
Banking |
Banks and Banking |
Banks |
Depository Institutions |
Finance |
Financial Institutions and Services: Government Policy and Regulation |
Financial instruments |
Financial Risk Management |
Financial services law & regulation |
General Financial Markets: General (includes Measurement and Data) |
Industries: Financial Services |
International Financial Markets |
Investment & securities |
Investments: General |
Loan loss provisions |
Loans |
Micro Finance Institutions |
Mortgages |
|
|
|
|
|
|
|
|
|
|
|
|
Securities |
State supervision |
United States |
|
|
|
|
|
|
Lingua di pubblicazione |
|
|
|
|
|
|
Formato |
Materiale a stampa |
|
|
|
|
|
Livello bibliografico |
Monografia |
|
|
|
|
|
Note generali |
|
Bibliographic Level Mode of Issuance: Monograph |
|
|
|
|
|
|
Nota di bibliografia |
|
Includes bibliographical references. |
|
|
|
|
|
|
Nota di contenuto |
|
Intro -- Contents -- I. Introduction -- II. Tobin's q Value and Market Discounts -- III. The Data -- IV. Market Discounts and Valuation Effects of Real Estate Related Assets -- A. Empirical Evidence on Market Discounts -- B. Banks' Stock Price Reaction to Amendments of Fair Value Accounting Rules -- V. Accounting Discretion on Impaired Assets and Asset Classification -- A. Accounting Discretion on Accounting for Bad Loans -- B. Classification of Mortgage-Backed Securities -- VI. Conclusions -- References -- Appendix -- Variable Definitions and Data Sources -- Tables -- 1. Summary Statistics for 2008, Quarterly Data -- 2. Tobin's q and Real Estate Related Assets in 2008 -- 3. Tobin's q and Real Estate Related Assets in 2001-2007 -- 4. Tobin's q Real Estate Related Assets and Asset Size -- 5. Tobin's q and Additional Balance Sheet and Off-balance Sheet Items -- 6. Event Study of New FASB Rules on Fair Value Accounting for Illiquid Assets (FAS 157), Announced on October 10, 2008 -- 7. Event Study of FASB Amendments to Fair Value Accounting of Hard-to-Value Assets, Announced on April 9, 2009 -- 8. Loan Loss Provisions and Net Loan Charge-offs in 2008 -- 9. Share of Mortgage-backed Securities that is Held-to-Maturity in 2008 -- 10. Share of Non-Guaranteed Mortgage-backed Securities that is Held-to-Maturity in 2001-2007 -- Figures -- 1. Tobin's q and Share of Zombie Banks -- 2. Real Estate Loans and Mortgage-backed Securities -- 3. Share of Mortgage-backed Securities that is Held-to-Maturity -- 4. Fair Value of Mortgage-backed Securities Relative to Amortized Cost -- 5. Tier 1 Capital Ratio and Share of Tier 1 Capital in Total Capital. |
|
|
|
|
|
|
|
|
Sommario/riassunto |
|
This paper shows that banks use accounting discretion to overstate the value of distressed assets. Banks' balance sheets overvalue real estate-related assets compared to the market value of these assets, especially during the U.S. mortgage crisis. Share prices of banks with large exposure to mortgage-backed securities also react favorably to recent changes in accounting rules that relax fair-value accounting, and these banks provision less for bad loans. Furthermore, distressed banks use discretion in the classification of mortgage-backed securities to inflate their books. Our results indicate that banks' balance sheets offer a distorted view of the financial health of the banks. |
|
|
|
|
|
|
|
| |