000			02052nab a2200205 a 4500
999			_c199737 _d199737
003			OSt
005			20200226102101.0
008			200206s2015 xxu|||||r|||| 00| 0 eng d
040			_aCO-BoUGC _cCO-BoUGC
100	1		_aMeder, Anthony A. _9179076
245	1	0	_aInteraction between accounting standards and monetary policy _bthe effect of SFAS 115 _cAnthony A. Meder
300			_aPáginas 2031 a la 2056
520	3		_aI examine the effect of marketable security holdings on monetary policy when those securities are classified under SFAS 115. Prior research has shown that loan growth is negatively related to monetary contractions, and that marketable security holdings mitigate that negative relationship. Those studies consider the securities in aggregate; I am the first to consider the securities classification in conjunction with monetary policy. I ask whether held-to-maturity securities, relative to non-held-to-maturity securities, are negatively related to loan growth. I find that the held-to-maturity securities are more negatively related to loan growth, relative to non-held-to-maturity securities. I also find that held-to-maturity securities are incrementally more negatively related to loan growth during monetary tightening, relative to non-tightening times. Finally, I find that both of these effects are stronger for small banks, relative to large banks. Given the findings, I conclude that held-to-maturity securities actually enhance, not mitigate, the effect of monetary tightening on bank lending.
650	1	4	_9178293 _aContabilidad _xLegislación _zEstados Unidos _vPublicaciones seriadas
650	2	4	_aContabilidad _xNormas _zEstados Unidos _vPublicaciones seriadas _9179077
650	2	4	_aPolítica monetaria _vPublicaciones seriadas _zEstados Unidos _9179078
690			_aStatement of Financial Accounting Standards (SFAS) _9179079
773	0		_082265 _9369792 _aThe accounting review 2015 V.90 No. 5 (Sep) _o0000002029959 _x0001-4826 (papel) _h26 páginas _nIncluye figuras, tablas y referencias bibliográficas
942			_2ddc _cART