Fair value accounting, historical cost accounting, and systemic risk : : policy issues and options for strengthening valuation and reducing risk / / Michael D. Greenberg, Eric Helland, Noreen Clancy, James N. Dertouzos ; supported by the Goldman Sachs Global Markets Institute.

• Author: RAND Center for Corporate Ethics and Governance,
• VerfasserIn: Greenberg, Michael D., 1969-; Helland, Eric,; Clancy, Noreen,; Dertouzos, James N., 1950-
• TeilnehmendeR: Helland, Eric,; Clancy, Noreen,; Dertouzos, James N., 1950-; RAND Center for Corporate Ethics and Governance,
• Language: English

Fair value accounting (FVA) refers to the practice of updating the valuation of assets or securities on a regular basis, ideally by reference to current prices for similar assets or securities established in the context of a liquid market; historical cost accounting (HCA) instead records the value o...