Accounting standards and banking regulation: Some effects of divergence

Aebi, 2012, Risk management, corporate governance, and bank performance in the financial crisis, J. Bank. Finance, 36, 3213, 10.1016/j.jbankfin.2011.10.020 Allen, 2008, Mark-to-market accounting and liquidity pricing, J. Account. Econ., 45, 358, 10.1016/j.jacceco.2007.02.005 Barth, 2010, How did financial reporting contribute to the financial crisis?, Eur. Account. Rev., 19, 399, 10.1080/09638180.2010.498619 Basel Committee on Banking Supervision (BCBS), 2011 Basel Committee on Banking Supervision (BCBS), 2011 Basel Committee on Banking Supervision (BCBS), 2011 Bernanke, 2009 Bernanke, 1991, The credit crunch, Brook. Pap. Econ. Activ., 1991, 205, 10.2307/2534592 Breeden, 1991, Thumbs on the scale: the role that accounting practices played in the savings and loan crisis, Fordham Law Rev., 59, S71 Brewer, 1996 Brown, 2001, Managing foreign exchange risk with derivatives, J. Financ. Econ., 60, 401, 10.1016/S0304-405X(01)00049-6 Buehler, 2008, How is asset and liability management changing? Insights from the Mckinsey survey, RMA J., 90, 44 Carter, 1998, The use of interest rate derivatives by end-users: the case of large community banks, J. Financ. Serv. Res., 14, 17, 10.1023/A:1008057418368 Carver, 2013 Cifuentes, 2005, Liquidity risk and contagion, J. Eur. Econ. Assoc., 3, 556, 10.1162/jeea.2005.3.2-3.556 Demsetz, 1996 Diamond, 1984, Financial intermediation and delegated monitoring, Rev. Econ. Stud., 51, 393, 10.2307/2297430 Ernst and Young, 2012. Reflecting Credit and Funding Adjustments in Fair Value: Insight into Practices. European Central Bank (ECB), 2004, Fair value accounting and financial stability, ECB Occas. Pap. Ser., 13 Francis, 2004, Cost of equity and earnings attributes, Account. Rev., 79, 967, 10.2308/accr.2004.79.4.967 Froot, 1993, Risk management: coordinating corporate investment and financing policies, J. Finance, 48, 1629, 10.1111/j.1540-6261.1993.tb05123.x Gambacorta, 2004, Does bank capital affect lending behavior?, J. Financ. Intermed., 13, 436, 10.1016/j.jfi.2004.06.001 Graham, 2005, The economic implications of corporate financial reporting, J. Account. Econ., 40, 3, 10.1016/j.jacceco.2005.01.002 Graham, 1999, Tax incentives to hedge, J. Finance, 54, 2241, 10.1111/0022-1082.00187 Gorton, 1995, Banks and derivatives, NBER Macroecon. Annu., 10, 299, 10.1086/654283 Hancock, 1995, The ‘credit crunch’ and the availability of credit to small businesses, J. Bank. Finance, 22, 983 Jiménez, 2010 Kara, 2016 Keeley, 1990, Deposit insurance, risk, and market power in banking, Am. Econ. Rev., 80, 1183 Konishi, 2004, Factors affecting bank risk taking: evidence from Japan, J. Bank. Finance, 28, 215, 10.1016/S0378-4266(02)00405-3 Laux, 2009, The crisis of fair-value accounting: making sense of the recent debate, Account. Organ. Soc., 34, 826, 10.1016/j.aos.2009.04.003 Laux, 2010, Did fair-value accounting contribute to the financial crisis?, J. Econ. Perspect., 24, 93, 10.1257/jep.24.1.93 Marcus, 1984, Deregulation and bank financial policy, J. Bank. Finance, 8, 557, 10.1016/S0378-4266(84)80046-1 McInnis, 2010, Earnings smoothness, average returns, and implied cost of equity capital, Account. Rev., 85, 315, 10.2308/accr.2010.85.1.315 Nance, 1993, On the determinants of corporate hedging, J. Finance, 48, 267, 10.1111/j.1540-6261.1993.tb04709.x Peek, 1995, The capital crunch: neither a borrower nor a lender be, J. Money Credit Bank., 27, 625, 10.2307/2077739 Plantin, 2008, Marking-to-market: panacea or Pandora's box?, J. Account. Res., 46, 435, 10.1111/j.1475-679X.2008.00281.x Purnanandam, 2007, Interest rate derivatives at commercial banks: an empirical investigation, J. Monet. Econ., 54, 1769, 10.1016/j.jmoneco.2006.07.009 Smith, 1985, The determinants of firms’ hedging policies, J. Financ. Quant. Anal., 20, 391, 10.2307/2330757 Stulz, 2004, Should we fear derivatives?, J. Econ. Perspect., 18, 173, 10.1257/0895330042162359 Stulz, 2013, How companies can use hedging to create shareholder value, J. Appl. Corp. Finance, 25, 21, 10.1111/jacf.12038 The Select Committee on Economic Affairs, 2015 Trueman, 1988, An explanation for accounting income smoothing, J. Account. Res., 26, 127, 10.2307/2491184