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L'impact macroéconomique de la norme IAS 39

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  • Gwénaëlle Flandrin-Le Maire

Abstract

[fre] Cette étude présente les principaux avantages et inconvénients d'une évaluation des bilans selon le principe de la juste valeur et met en évidence l'impact macroéconomique lié à l'adoption de ces normes par les établissements de crédit. La comptabilisation au coût historique ne fournit certes pas toutes les informations nécessaires à l'appréciation des risques. Toutefois la juste valeur présente des inconvénients majeurs. Ce changement comptable impactera les résultats et les capitaux propres bancaires, mais aussi les ratios prudentiels. Sur le plan macroéconomique, le principe de juste valeur appliqué sans discernement risque de susciter une volatilité des fonds propres et des résultats bancaires qui irait à l'encontre de l'objectif de sécurité recherché par les normalisateurs comptables. Son application serait susceptible d'amplifier les cycles de crédit. Elle pourrait également conduire à un transfert du risque de taux sur les agents non financiers, voire à une réduction du volume des prêts. . Classification JEL : G14, G21, M41 [eng] Macroeconomic impacts of the IAS 39 . This study presents advantages and disadvantages of fair value balance sheet and highlights macroeconomic impacts of IAS standards on credit institutions. Historical cost model doesn't provide all needed information for risk measurement. However, fair value affords major disadvantages. This accounting change will act upon banking income and equity capital, but also prudential ratios. On macroeconomic point of view, implementing fair value without proper judgment risks to increase banking equity capital and income's volatility. Such a consequence isn't the accounting standards board's purpose. The fair value implementation could accentuate credit cycles. It . could also transfer interest rate risks on non financial agents or decrease loan volume. . JEL classifications : G14, G21, M41

Suggested Citation

  • Gwénaëlle Flandrin-Le Maire, 2003. "L'impact macroéconomique de la norme IAS 39," Revue d'Économie Financière, Programme National Persée, vol. 71(2), pages 123-138.
  • Handle: RePEc:prs:recofi:ecofi_0987-3368_2003_num_71_2_4850
    Note: DOI:10.3406/ecofi.2003.4850
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    References listed on IDEAS

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    1. Berger, Allen N. & Herring, Richard J. & Szego, Giorgio P., 1995. "The role of capital in financial institutions," Journal of Banking & Finance, Elsevier, vol. 19(3-4), pages 393-430, June.
    2. Anil K. Kashyap & Jeremy C. Stein, 1994. "Monetary Policy and Bank Lending," NBER Chapters,in: Monetary Policy, pages 221-261 National Bureau of Economic Research, Inc.
    3. Boyd, John H. & Prescott, Edward C., 1986. "Financial intermediary-coalitions," Journal of Economic Theory, Elsevier, vol. 38(2), pages 211-232, April.
    4. Berger, Allen N. & King, Kathleen Kuester & O'Brien, James M., 1991. "The limitations of market value accounting and a more realistic alternative," Journal of Banking & Finance, Elsevier, vol. 15(4-5), pages 753-783, September.
    5. Allen, Franklin, 1990. "The market for information and the origin of financial intermediation," Journal of Financial Intermediation, Elsevier, vol. 1(1), pages 3-30, March.
    6. Eccher, Elizabeth A. & Ramesh, K. & Thiagarajan, S. Ramu, 1996. "Fair value disclosures by bank holding companies," Journal of Accounting and Economics, Elsevier, vol. 22(1-3), pages 79-117, October.
    7. Calomiris, Charles W & Kahn, Charles M, 1991. "The Role of Demandable Debt in Structuring Optimal Banking Arrangements," American Economic Review, American Economic Association, vol. 81(3), pages 497-513, June.
    8. Geroski,Paul A. & Gregg,Paul, 1997. "Coping with Recession," Cambridge Books, Cambridge University Press, number 9780521622769, April.
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    More about this item

    JEL classification:

    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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