The Global Financial Crisis and Pro-Cyclical Instability Issues of Financial Institutions: The Post-Crisis Responses

9 Pages Posted: 15 Jan 2010 Last revised: 18 Jan 2010

See all articles by Lakshman Alles

Lakshman Alles

Curtin University of Technology - Department of Finance

Date Written: January 14, 2010

Abstract

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.

Keywords: Global financial crisis, Financial Institutions stability, Fair value accounting, Financial reform

Suggested Citation

Alles, Lakshman, The Global Financial Crisis and Pro-Cyclical Instability Issues of Financial Institutions: The Post-Crisis Responses (January 14, 2010). Finance and Corporate Governance Conference 2010 Paper, Available at SSRN: https://ssrn.com/abstract=1536391 or http://dx.doi.org/10.2139/ssrn.1536391

Lakshman Alles (Contact Author)

Curtin University of Technology - Department of Finance ( email )

Bentley 6102 WA
Australia