Amel-Zadeh, Amir; Barth, Mary E.; Landsman, Wayne R. - 2013
, procyclical leverage does not occur. For banks without a binding constraint, fair value and bank regulation both can contribute to … those that are not. We also show that fair value accounting does not contribute to procyclical leverage by finding (i) the … portion of comprehensive income attributable to fair value accounting, i.e., fair value comprehensive income, has a negative …