Accounting discretion of banks during a financial crisis /
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 mo...
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| Natura: | Periodico |
| Lingua: | English |
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Washington, D.C. :
International Monetary Fund,
2009.
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| Serie: | IMF Working Papers; Working Paper ;
No. 2009/207 |
| Accesso online: | Full text available on IMF |