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ocn870245474 |
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OCoLC |
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20240623213015.0 |
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m o d |
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140208s2009 dcu o 000 0 eng d |
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|a EBLCP
|b eng
|e pn
|c EBLCP
|d OCLCQ
|d YDXCP
|d OCLCQ
|d ZCU
|d MERUC
|d ICG
|d OCLCO
|d OCLCF
|d OCLCQ
|d DKC
|d OCLCO
|d AU@
|d OCLCQ
|d U3G
|d OCLCQ
|d OCLCO
|d OCLCQ
|d OCLCO
|d OCLCL
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| 019 |
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|a 1124351049
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|a 9781452734927
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|a 1452734925
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|a 1451917767
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|a 9781451917765
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| 024 |
8 |
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|a 10.5089/9781451917765.001
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| 035 |
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|a (OCoLC)870245474
|z (OCoLC)1124351049
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| 050 |
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4 |
|a HG1581 .H85 2009
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| 049 |
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|a HCDD
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| 100 |
1 |
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|a Laeven, Luc.
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| 245 |
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|a Accounting Discretion of Banks During a Financial Crisis.
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|a Washington :
|b International Monetary Fund,
|c 2009.
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| 300 |
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|a 1 online resource (72 pages)
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| 336 |
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|a text
|b txt
|2 rdacontent
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| 337 |
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|a computer
|b c
|2 rdamedia
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| 338 |
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|a online resource
|b cr
|2 rdacarrier
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| 490 |
1 |
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|a IMF Working Papers ;
|v v. Working Paper No. 09/207
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| 505 |
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|a Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Tobin's q Value and Market Discounts; III. The Data; 1. Tobin's q and Share of Zombie Banks; 2. Real Estate Loans and Mortgage-backed Securities; 3. Share of Mortgage-backed Securities that is Held-to-Maturity; 4. Fair Value of Mortgage-backed Securities Relative to Amortized Cost; 5. Tier 1 Capital Ratio and Share of Tier 1 Capital in Total Capital; 1. Summary Statistics for 2008, Quarterly Data; IV. Market Discounts and Valuation Effects of Real Estate Related Assets; A. Empirical Evidence on Market Discounts.
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|a 2. Tobin's q and Real Estate Related Assets in 20083. Tobin's q and Real Estate Related Assets in 2001-2007; 4. Tobin's q Real Estate Related Assets and Asset Size; 5. Tobin's q and Additional Balance Sheet and Off-balance Sheet Items; B. Banks' Stock Price Reaction to Amendments of Fair Value Accounting Rules; 6. Event Study of New FASB Rules on Fair Value Accounting for Illiquid Assets (FAS 157), Announced on October 10, 2008; 7. Event Study of FASB Amendments to Fair Value Accounting of Hard-to-Value Assets, Announced on April 9, 2009.
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| 505 |
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|a V. Accounting Discretion on Impaired Assets and Asset ClassificationA. Accounting Discretion on Accounting for Bad Loans; 8. Loan Loss Provisions and Net Loan Charge-offs in 2008; B. Classification of Mortgage-Backed Securities; 9. Share of Mortgage-backed Securities that is Held-to-Maturity in 2008; 10. Share of Non-Guaranteed Mortgage-backed Securities that is Held-to-Maturity in 2001-2007; VI. Conclusions; Variable Definitions and Data Sources; References; Footnotes.
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|a 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.
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|a Print version record.
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| 650 |
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|a Banks and banking.
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| 650 |
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|a Accounting
|x Corrupt practices.
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| 650 |
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7 |
|a Accounting
|x Corrupt practices
|2 fast
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| 650 |
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7 |
|a Banks and banking
|2 fast
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| 700 |
1 |
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|a Huizinga, Harry.
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| 758 |
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|i has work:
|a Accounting discretion of banks during a financial crisis (Text)
|1 https://id.oclc.org/worldcat/entity/E39PCG9WGWjGwygwGVgyTqT4MP
|4 https://id.oclc.org/worldcat/ontology/hasWork
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| 776 |
0 |
8 |
|i Print version:
|a Laeven, Luc.
|t Accounting Discretion of Banks During a Financial Crisis.
|d Washington : International Monetary Fund, ©2009
|z 9781451873542
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| 830 |
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|a IMF Working Papers.
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| 856 |
4 |
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|u https://ebookcentral.proquest.com/lib/holycrosscollege-ebooks/detail.action?docID=1608833
|y Click for online access
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| 903 |
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|a EBC-AC
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| 994 |
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|a 92
|b HCD
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