| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5086848 | Journal of Accounting and Economics | 2011 | 21 Pages |
Abstract
⺠We examine the relation between bank holdings of mortgage-backed securities (MBS) and MBS prices. ⺠We document a positive association-feedback effect. ⺠This relation is stronger for banks with high MBS, more nonperforming loans, and lower total capital ratio. ⺠This relation is reduced after the April 2009 mark-to-market rule clarification. ⺠Results suggest feedback related to mark-to-market accounting had a measurable effect on shareholder.
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Accounting
Authors
Gauri Bhat, Richard Frankel, Xiumin Martin,