公允价值会计顺周期效应及其应对策略.pdfVIP

* 黄世忠 ( 361005) 公允价值会计是否具有顺周期效应从而导致金融危机愈演愈烈, 是学术 实务 和监管部门争论的焦 点问题本文在综述了相关研究的基础上, 论述了公允价值会计诱发顺周期效应的机理和传导机制, 最后对准 则制定部门和监管部门提出的缓解顺周期效应的应对策略进行评述 2007 8 2008 9, , ( procyclicality), , , ( F inancial Stab ility Board, FSB) (, ) , FSB , , ( FASB) ( IASB) 2009 7 ( incurr d loss mod l) ( xp ct d loss mod l), FSB 3, , Procyclicality , , , , ( count rcyclicality) , , , FSB * , : [ 2008] 49 FSB F inancial Stab ility Forum () , 2009 6 FSB2008 9 , FSB, : 23 ( ) , , , , ; , , , , , , , ( Barth, 2004) ( ECB, 2004) , , , ( ) ; ; , , , , , , , , , , , , , , , , , ( P lantin t al, 2007) , , , , , ( A ll n and Carl tt,i 2008) ( contagion ff ct) (W allison, 2008) , , , (M ath rat, 2008) , , ( Laux and L uz, 2009) , , , , ( contagion ff ct) , ( SEC) 2008, FSF w orking group, Addr ssing finan cial syst m procyclicality: a possibl fram workwwwfsborg IMF 2008 , 2007 , , 6% 72% 22% , 5% 67% 8% , , () () , m ark- to- m ark t, , , 157 , ( DCF ) , , 24 , , , 2008 10 ( IM F, 2008) , , , , , , , , , , , , , , : ( trading account