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Fair value accounting : what are implications for monetary and financial stability?

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  • François Mouriaux

Abstract

[eng] The current debate on the macroeconomic implications of the fair value accounting method emphasises the financial sector as an essential player in the allocation of financial resources. This article discusses the impact of this accounting method on monetary policy and financial stability, with a special emphasis on the non-financial sector. It covers four points : the effect of the fair value accounting method on monetary policy transmission channels, as well as on the quality of credit risk analysis, management prudence, and the effectiveness of corporate governance, . JEL classifications : E4, E44, G14, G3, M4

Suggested Citation

  • François Mouriaux, 2003. "Fair value accounting : what are implications for monetary and financial stability?," Revue d'Économie Financière, Programme National Persée, vol. 71(2), pages 121-135.
    • Handle: RePEc:prs:recofi:ecofi_1767-4603_2003_num_71_2_4751
    DOI: 10.3406/ecofi.2003.4751
    Note: DOI:10.3406/ecofi.2003.4751
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    References listed on IDEAS

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    1. Barth, ME & Clinch, G, 1998. "Revalued financial, tangible, and intangible assets: Associations with share prices and non-market-based value estimates," Journal of Accounting Research, Wiley Blackwell, vol. 36, pages 199-233.
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    More about this item

    JEL classification:

    • E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • G3 - Financial Economics - - Corporate Finance and Governance
    • M4 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting

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