The Global Financial Crisis and Pro-Cyclical Instability Issues of Financial Institutions: The Post-Crisis Responses
Curtin University of Technology - Department of Finance
January 14, 2010
Finance and Corporate Governance Conference 2010 Paper
Key factors identified as contributing to the global financial crisis included the roles of financial accounting policies and credit rating agencies, and the combination of these factors in producing a continuing pro-cyclical destabilising effect on financial institutions. This article examines the progress made so far or the lack of it, in addressing these issues in the post-crisis period.
Number of Pages in PDF File: 9
Keywords: Global financial crisis, Financial Institutions stability, Fair value accounting, Financial reformworking papers series
Date posted: January 15, 2010 ; Last revised: January 18, 2010
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