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Fair value accounting, historical cost accounting, and systemic risk : policy issues and options for strengthening valuation and reducing risk /

Fair value accounting (FVA) refers to the practice of updating the valuation of assets or securities on a regular basis, ideally by reference to current prices for similar assets or securities established in the context of a liquid market; historical cost accounting (HCA) instead records the value o...

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Bibliographic Details
Main Author: Greenberg, Michael D., 1969-
Corporate Authors: RAND Center for Corporate Ethics and Governance, JSTOR (Organization)
Other Authors: Helland, Eric, Clancy, Noreen, Dertouzos, James N., 1950-
Format: eBook
Language:English
Published: Santa Monica, CA : Rand Corporation, [2013]
Subjects:
Fair value > Accounting.
BUSINESS & ECONOMICS > Banks & Banking.
Electronic books.
Online Access:Connect to the full text of this electronic book
Table of Contents:
  • Introduction
  • Background: The Debate over FVA and HCA
  • Systemic Risk and Accounting Approaches
  • Accounting Standards and Prudential Regulation
  • Lessons from Historical Episodes Involving Accounting Standards, Systemic Risk, and Financial Crisis
  • Implementation and Risk: The Challenges to Doing FVA and HCA Well
  • Conclusion and Policy Options
  • Appendix: An Overview of HCA and FVA.