 | Credit Derivatives : Systemic Risks and Policy Options? Author/Editor: John Kiff, Jennifer A. Elliott, Elias G. Kazarian, Jodi G. Scarlata, Carolyne Spackman. Release Date:November, 2009 Credit derivative markets are largely unregulated, but calls are increasingly being made for changes to this hands off stance, amidst concerns that they helped to fuel the current financial crisis, more...
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| Procyclicality and Fair Value Accounting Author/Editor: Jodi G. Scarlata, Juan Sole, Alicia Novoa. Release Date:March, 2009 In light of the uncertainties about valuation highlighted by the 2007-2008 market turbulence, this paper provides an empirical examination of the potential procyclicality that fair value accounting more...
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