Did Fair-Value Accounting Contribute to the Financial Crisis?

Did Fair-Value Accounting Contribute to the Financial Crisis?

Christian Laux, Christian Leuz

Series number :

Serial Number: 
266/2009

Date posted :

December 01 2009

Last revised :

December 09 2009
SSRN Share

Keywords

  • Mark-to-market accounting • 
  • Financial institutions • 
  • liquidity • 
  • financial crisis • 
  • Banks • 
  • financial regulation • 
  • Procyclicality • 
  • Contagion.

Published in

Published in: 
Publication Title: 
Journal of Economic Perspectives
Description: 
American Economic Association, vol. 24(1), pages 93-118

Authors