Some Aspects Regarding the Role of Fair Value Accounting During the Current Financial Crisis

9 Pages Posted: 1 Apr 2009 Last revised: 6 May 2009

See all articles by Maria Carmen Huian

Maria Carmen Huian

Alexandru Ioan Cuza University of Iasi, Romania

Date Written: March 31, 2009

Abstract

The financial crisis that hit the American economy to its heart in September 2008, rapidly spreading all around the world, has generated strong debates on the use of exotic derivatives financial instruments and of fair value accounting. These themes that made front-page news all over again raised divergent opinions among bankers, insurance executives, auditors or politicians more or less affected by the crisis. This paper aims at reviewing the situation of financial markets, identifying the role and importance of fair value accounting and derivatives within these huge scandals, presenting both for and against fair value and credit derivatives opinions and giving some anti-crisis solutions for the future.

Keywords: fair value accounting, financial crisis, derivatives

JEL Classification: M41

Suggested Citation

Huian, Carmen, Some Aspects Regarding the Role of Fair Value Accounting During the Current Financial Crisis (March 31, 2009). Available at SSRN: https://ssrn.com/abstract=1370963 or http://dx.doi.org/10.2139/ssrn.1370963

Carmen Huian (Contact Author)

Alexandru Ioan Cuza University of Iasi, Romania ( email )

Carol I Blvd, Nr.11
Lasi, 700506
Romania

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