Menini, Andrea; Magnan, Michel; Parbonetti, Antonio - Centre Interuniversitaire de Recherche en Analyse des … - 2011
The recent financial crisis has led to a critical evaluation of the role that fair value accounting may have played in …-setters have brought forward additional guidance on the application of fair value accounting. This paper examines if and how fair … analysts. Our results show that, overall, the greater the extent of a bank's assets and liabilities reported at fair value, the …