Accounting discretion of banks during a financial crisis / / Luc Laeven, Harry Huizinga
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| Autore: |
Laeven Luc
|
| Titolo: |
Accounting discretion of banks during a financial crisis / / Luc Laeven, Harry Huizinga
|
| Pubblicazione: | Washington, D.C. : , : International Monetary Fund, , 2009 |
| Descrizione fisica: | 41 p. : ill |
| Soggetto topico: | Banks and banking |
| Accounting - Corrupt practices | |
| Banks and Banking | |
| Financial Risk Management | |
| Investments: General | |
| Industries: Financial Services | |
| Banks | |
| Depository Institutions | |
| Micro Finance Institutions | |
| Mortgages | |
| Financial Institutions and Services: Government Policy and Regulation | |
| International Financial Markets | |
| General Financial Markets: General (includes Measurement and Data) | |
| Banking | |
| Finance | |
| Financial services law & regulation | |
| Investment & securities | |
| Loans | |
| Loan loss provisions | |
| Asset valuation | |
| Securities | |
| State supervision | |
| Asset-liability management | |
| Financial instruments | |
| Soggetto geografico: | United States |
| Altri autori: |
HuizingaHarry
|
| Note generali: | Bibliographic Level Mode of Issuance: Monograph |
| Nota di bibliografia: | Includes bibliographical references. |
| 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. |
| Titolo autorizzato: | Accounting discretion of banks during a financial crisis |
| ISBN: | 1-4623-3255-2 |
| 1-4518-7354-9 | |
| 1-282-84413-X | |
| 9786612844133 | |
| 1-4527-3492-5 | |
| Formato: | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione: | Inglese |
| Record Nr.: | 9910788226703321 |
| Lo trovi qui: | Univ. Federico II |
| Opac: | Controlla la disponibilità qui |
Serie:
IMF Working Papers; Working Paper ; ; No. 2009/207