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Displaying results 1 to 4 of 4.

  1. Measuring the procyclicality of impairment accounting regimes
    a comparison between IFRS 9 and US GAAP
    Author: Buesa, Alejandro; Población García, Javier; Tarancón, Javier
    Published: [2019]
    Publisher:  European Central Bank, Frankfurt am Main, Germany

    The purpose of this paper is to compare the cyclical behavior of various credit impairment accounting regimes, namely IAS 39, IFRS 9 and US GAAP. We model the impact of credit impairments on the Profit and Loss (P&L) account under all three regimes.... more

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 534
    Inter-library loan:
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    The purpose of this paper is to compare the cyclical behavior of various credit impairment accounting regimes, namely IAS 39, IFRS 9 and US GAAP. We model the impact of credit impairments on the Profit and Loss (P&L) account under all three regimes. Our results suggest that although IFRS 9 is less procyclical than the previous regulation (IAS 39), it is more procyclical than US GAAP because it merely requests to provision the expected loss of one year under Stage 1 (initial category). Instead, since US GAAP prescribes that lifetime expected losses are fully provisioned at inception, the amount of new loans originated is negatively correlated with realized losses. This leads to relatively higher (lower) provisions during the upswing (downswing) phase of the financial cycle. Nevertheless, the lower procyclicality of US GAAP seems to come at cost of a large increase in provisions.

     
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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789289939782
    Other identifier:
    hdl: 10419/228225
    Series: Working paper series / European Central Bank ; no 2347 (December 2019)
    Subjects: Banking system; provisions; regulation; cyclicality
    Scope: 1 Online-Ressource (circa 36 Seiten), Illustrationen
  2. Germany's capital market and corporate governance
    Author: Siebert, Horst
    Published: 2004
    Publisher:  IfW, Kiel

  3. Germany's capital market and corporate governance
    Author: Siebert, Horst
    Published: 2004
    Publisher:  Kiel Institute for the World Economy (IfW), Kiel

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  4. Banks, market organization, and macroeconomic performance
    an agent-based computational analysis
    Author: Gershman, Boris; Ashraf, Quamrul; Howitt, Peter
    Published: 2015
    Publisher:  Dep. of Economics, Washington, DC

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Inter-library loan:
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    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Edition: Rev.
    Series: Working papers / Economics, College of Arts & Sciences, American University ; 15,10
    Subjects: Agent-based computational model; Market organization; Banking system; Macroeconomic stability; Financial stabilizer
    Scope: Online-Ressource (63 S.), graph. Darst.