NBER paper emphasises role of accounting in bank regulation
Bookkeeping conventions matter to how effective capital and liquidity rules are, authors write
Economics researchers should consider the role of accounting conventions when carrying out work on the effectiveness of bank regulations, according to a new study from the National Bureau of Economic Research.
In a working paper published this month, Nina Boyarchenko, Kinda Hachem and Anya Kleymenova explore how giving discretion to banks over financial reporting may influence the effectiveness of regulation.
Discretion is defined as the ability for banks to decide on what kind of information they
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