IV. Financial Crisis and Accounting Methodology
Author:
International Monetary Fund. Legal Dept.
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Language:
English
Keywords:
SEM; bank; market; rating agency; CDR mechanism; ratings quality; requirement ratio; fair value accounting; Credit; Debt restructuring; Capital adequacy requirements; Financial sector stability; Global; Europe
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Abstract

The financial system failed to perform its function as a reducer and distributor of risk. Instead, it magnified risks, precipitating an economic contraction that has hurt families and businesses around the world.1

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Cover Current Developments in Monetary and Financial Law, Volume 6
Current Developments in Monetary and Financial Law, Volume 6
Restoring Financial Stability--The Legal Response
Author:
International Monetary Fund. Legal Dept.
ISBN:
9781616350819
Publication Date:
08 Feb 2013
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781616350819.072
Pages:
590