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|z 9781451871876
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|a Scarlata, Jodi.
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|a Procyclicality and Fair Value Accounting /
|c Jodi Scarlata, Juan Sole, Alicia Novoa.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2009.
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|a 1 online resource (42 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a In light of the uncertainties about valuation highlighted by the 2007-2008 market turbulence, this paper provides an empirical examination of the potential procyclicality that fair value accounting (FVA) could introduce in bank balance sheets. The paper finds that, while weaknesses in the FVA methodology may introduce unintended procyclicality, it is still the preferred framework for financial institutions. It concludes that capital buffers, forward-looking provisioning, and more refined disclosures can mitigate the procyclicality of FVA. Going forward, the valuation approaches for accounting, prudential measures, and risk management need to be reconciled and will require adjustments on the part of all parties.
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|a Mode of access: Internet
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|a Novoa, Alicia.
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|a Sole, Juan.
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|a IMF Working Papers; Working Paper ;
|v No. 2009/039
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2009/039/001.2009.issue-039-en.xml
|z IMF e-Library
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