Searching For The Fair Story Behind Fair Value For Financial Instruments

Download Now Date Added: Jan 2010
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The paper aims at telling the whole story where fair value accounting is concerned. Harsh criticism has been brought to this concept under current circumstances that motivated out research. Without arguing for fair value as something it is not, the authors briefly try to point some relevant aspect on the situation. The paper starts on a conceptual level, looking at fair value through regulator's perspective, and further more analyzes some aspects of the current financial crisis.