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How did Financial Reporting Contribute to the Financial Crisis?
2010
The European Accounting Review
We scrutinize the role financial reporting for fair values, asset securitizations, and derivatives played in the Financial Crisis. Because banks were at the center of the Financial Crisis, we focus our discussion and analysis on the effects of financial reporting by banks. We conclude fair value accounting played little or no role in the Financial Crisis. However, transparency of information associated with asset securitizations and derivatives likely were insufficient for investors to assess
doi:10.1080/09638180.2010.498619
fatcat:qdnvf5und5gqbiczri6qra5ali