The Market-Value Delusion and the Credit Crunch
R. A. Rayman
Chapter 5 in Toxic Economic Theory, Fraudulent Accounting Standards, and the Bankruptcy of Economic Policy, 2013, pp 47-59 from Palgrave Macmillan
Abstract:
Abstract One of the most dangerous aspects of the International Accounting Standards Board’s (IASB’s) promotion of fair-value accounting is the seal of professional approval it has conferred on the market-value fallacy.
Keywords: House Price; Hedge Fund; Home Owner; Credit Default Swap; International Account Standard (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-30450-6_5
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DOI: 10.1007/978-1-137-30450-6_5
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