Schwarz, Claudia; Karakitsos, Polychronis; Merriman, Niall - European Central Bank - 2014
, namely monetary policy, financial stability and banking supervision. The identified effects of accounting rules and … coverage rules. Second, in respect of financial stability, the accounting frameworks applied by commercial banks can not only … pro-cyclicality during the recent crisis, and thus posed risks to the stability of the financial system. This being so …