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...

Deskribapen osoa

Xehetasun bibliografikoak
Egile nagusia: Laeven, Luc
Beste egile batzuk: Huizinga, Harry
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2009.
Saila:IMF Working Papers; Working Paper ; No. 2009/207
Sarrera elektronikoa:Full text available on IMF