Is Historical Cost Accounting a Panacea? Market Stress, Incentive Distortions, and Gains Trading
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- Justin Chircop & Zoltán Novotny-Farkas, 2014. "The economic consequences of including fair value adjustments to shareholders’ equity in regulatory capital calculations," CERS-IE WORKING PAPERS 1426, Institute of Economics, Centre for Economic and Regional Studies.
- Merrill, Craig B. & Nadauld, Taylor D. & Stulz, Rene M. & Sherlund, Shane, 2012.
"Did Capital Requirements and Fair Value Accounting Spark Fire Sales in Distressed Mortgage-Backed Securities?,"
Working Papers
13-01, University of Pennsylvania, Wharton School, Weiss Center.
- Merrill, Craig B. & Nadauld, Taylor & Stulz, Rene M. & Sherlund, Shane M., 2012. "Did Capital Requirements and Fair Value Accounting Spark Fire Sales in Distressed Mortgage-Backed Securities?," Working Paper Series 2012-12, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
- Craig B. Merrill & Taylor D. Nadauld & René M. Stulz & Shane Sherlund, 2012. "Did Capital Requirements and Fair Value Accounting Spark Fire Sales in Distressed Mortgage-Backed Securities?," NBER Working Papers 18270, National Bureau of Economic Research, Inc.
- Ralph S. J. Koijen & Motohiro Yogo, 2015.
"The Cost of Financial Frictions for Life Insurers,"
American Economic Review, American Economic Association, vol. 105(1), pages 445-475, January.
- Ralph S.J. Koijen & Motohiro Yogo, 2012. "The Cost of Financial Frictions for Life Insurers," NBER Working Papers 18321, National Bureau of Economic Research, Inc.
- Ralph S. J. Koijen & Motohiro Yogo, 2014. "The Cost of Financial Frictions for Life Insurers," Staff Report 500, Federal Reserve Bank of Minneapolis.
- Motohiro Yogo & Ralph Koijen, 2012. "The Cost of Financial Frictions for Life Insurers," 2012 Meeting Papers 83, Society for Economic Dynamics.
- Merrill, Craig B. & Nadauld, Taylor D. & Stulz, Rene M. & Sherlund, Shane M., 2012. "Why Did Financial Institutions sell RMBS at Fire Sale Prices during the Finacial Crisis?," Working Papers 13-06, University of Pennsylvania, Wharton School, Weiss Center.
- Ralph S. J. Koijen & Motohiro Yogo, 2016.
"Shadow Insurance,"
Econometrica, Econometric Society, vol. 84, pages 1265-1287, May.
- Ralph S.J. Koijen & Motohiro Yogo, 2013. "Shadow Insurance," NBER Working Papers 19568, National Bureau of Economic Research, Inc.
- Ralph S. J. Koijen & Motohiro Yogo, 2014. "Shadow Insurance," Staff Report 505, Federal Reserve Bank of Minneapolis.
- Ralph S. J. Koijen & Motohiro Yogo, 2014. "Shadow Insurance," Swiss Finance Institute Research Paper Series 14-64, Swiss Finance Institute, revised May 2016.
- Ellul, Andrew & Jotikasthira, Chotibhak & Lundblad, Christian T. & Wang, Yihui, 2013. "Mark-to-market accounting and systemic risk: evidence from the insurance industry," LSE Research Online Documents on Economics 60968, London School of Economics and Political Science, LSE Library.
- Yongqiang Chu, 2016. "Asset Fire Sales by Banks: Evidence from Commercial REO Sales," The Review of Corporate Finance Studies, Society for Financial Studies, vol. 5(1), pages 76-101.
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This paper has been announced in the following NEP Reports:- NEP-REG-2012-04-10 (Regulation)
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