Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/45516 
Authors: 
Year of Publication: 
2008
Series/Report no.: 
Bruegel Policy Contribution No. May 2008
Publisher: 
Bruegel, Brussels
Abstract: 
The ongoing financial crisis has revived the longstanding debate about fair value accounting. This policy contribution by Nicolas Véron argues that in times of market disruption, no accounting standards could lead to consensual outcomes, and that fair value remains better than proposed alternatives. Rather than reducing its scope, policymakers should focus on capital requirements standards (Basel II), where the negative effects of 'pro-cyclicality' are concentrated.
Document Type: 
Research Report
Appears in Collections:

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.