Do accounting measurement regimes matter? A discussion of mark-to-market accounting and liquidity pricing
成果类型：
Article
署名作者：
Sapra, Haresh
署名单位：
University of Chicago
刊物名称：
JOURNAL OF ACCOUNTING & ECONOMICS
ISSN/ISSBN：
0165-4101
DOI：
10.1016/j.jacceco.2007.10.002
发表日期：
2008
关键词：
摘要：
Using a model with banking and insurance sectors, Allen and Carletti show that marking-to-market interacts with liquidity pricing to exacerbate the likelihood of financial contagion between the two sectors. In this discussion, I lay out the main ingredients of their model and explain how they interact with liquidity pricing to generate financial contagion. I then discuss some limitations of their model and propose an interesting extension. (c) 2007 Elsevier B.V. All rights reserved.
来源URL：