金融危機下的公允價值會計[外文翻譯]

中文：7268字
英文：23700字


金融危機下的公允價值會計

摘要：2008年9月的金融風(fēng)暴直擊美國經(jīng)濟核心，并且迅速蔓延到世界各地，引發(fā)了對使用外來衍生金融工具和公允價值會計的激烈辯論。或多或少受此次危機影響的銀行﹑保險管理人員，審計師和政界人士就這一主題多次在新聞頭版發(fā)表不同意見，本文的目的是審查金融市場的現(xiàn)狀，使我們了解到公允價值會計及衍生品在預(yù)防這些巨大的丑聞時的重要性，制定準(zhǔn)則。同時闡述支持或反對使用公允價值和信用衍生產(chǎn)品的意見并提出應(yīng)對未來金融危機的解決辦法。
關(guān)鍵詞：次貸危機 金融衍生產(chǎn)品 公允價值
一、引言
安然危機震撼了美國經(jīng)濟的核心。監(jiān)管機構(gòu)在2000年初發(fā)行規(guī)則，以方便投資者了解公司資產(chǎn)的價值，并減少（至少部分減少）結(jié)構(gòu)性融資的復(fù)雜性。當(dāng)時，一個最佳的解決方案似乎是合理價值會計，它旨在披露更具相關(guān)性和有價值的報告。監(jiān)管機構(gòu)認(rèn)為，鼓勵公平價值的透明度和可比性，將有助于恢復(fù)投資者對金融市場及其機構(gòu)的信任。



Alexandru Ioan Cuza University of Iasi, Romania March 31, 2009 Maria Carmen Huian

Some aspects regarding the role of fair value accounting during the current financial crisis

Abstract

The financial crisis that hit the American economy to its heart in september 2008, rapidly spreading all around the world, has generated strong debates on the use of exotic derivatives financial instruments and of fair value accounting. These themes that made front-page news all over again raised divergent opinions among bankers, insurence executives, auditors or Political figures more or less affected by the crisis. This paper aims at reviewing the situation of financial markets, identifying the role and importance of fair value accounting and derivatives within these huge scandals, presenting both for and against fair value and credit derivatives opinions and giving some anti-crisis solutions for the future.
Key words: Subprime mortgage crisis ;Financial Derivatives ;fair value