Iowa Fact Book, 2003

Facts about Iowa's work force, education, government, etc.

Book vs. Fair Value Accounting in Banking, and Intertemporal Smoothing

The aim of this paper is to examine the pros and cons of book and fair value accounting from the perspective of the theory of banking. We consider the implications of the two accounting methods in an overlapping generations environment. As observed by Allen and Gale(1997), in an overlapping generation model, banks have a role as intergenerational connectors as they allow for intertemporal smoothing. Our main result is that when dividends depend on profits, book value ex ante dominates fair value, as it provides better intertemporal smoothing. This is in contrast with the standard view that states that, fair value yields a better allocation as it reflects the real opportunity cost of assets. Banking regulation play an important role by providing the right incentives for banks to smooth intertemporal consumption whereas market discipline improves intratemporal efficiency.

Iowa Women's Hall of Fame Book, 2007

Biographies of Iowa Women's Hall of Fame 1975-2007 inductees by the Iowa Commission on the Status of Women.

Iowa Women's Hall of Fame Book

Biographies of Iowa Women's Hall of Fame 1975-2006 inductees.

Illustrating Yoga: from the master to the book

In dieser Auseinandersetzung mit Visualität stellen die Autorinnen und Autoren des Bandes die faszinierende Welt des Bildes an der Schnittstelle zwischen Religion und Kultur vor. Zunächst werden hermeneutische Zugänge zu Visualität erkundet, dann folgen Studien zum Blick und dessen Regulierung innerhalb religiöser Traditionen, schliesslich werden die Vielfalt visueller Medien und deren spezifische Wechselwirkungen mit Religion untersucht. Das Buch gibt mit seiner breiten Palette internationaler und interdisziplinärer Beiträge Einblick in die visuelle Welt religiöser Traditionen und leistet einen Beitrag zu einer spezifisch religionswissenschaftlichen Visualitätsforschung.

Book vs. fair value accounting in banking and intertemporal smoothing

The aim of this paper is to examine the pros and cons of book and fair value accounting from the perspective of the theory of banking. We consider the implications of the two accounting methods in an overlapping generations environment. As observed by Allen and Gale(1997), in an overlapping generation model, banks have a role as intergenerational connectors as they allow for intertemporal smoothing. Our main result is that when dividends depend on profits, book value ex ante dominates fair value, as it provides better intertemporal smoothing. This is in contrast with the standard view that states that, fair value yields a better allocation as it reflects the real opportunity cost of assets. Banking regulation play an important role by providing the right incentives for banks to smooth intertemporal consumption whereas market discipline improves intratemporal efficiency.

Book production and the onset of modern economic growth

Endogenous growth theory suggests that human capital formation plays a significant role for the wealth and poverty of nations. In contrast to previous studies which denied the role of human capital as a crucial determinant of for really long-term growth, we confirm its importance. Indicators of human capital like literacy rates are lacking for the period of 1450-1913; hence, we use per capita book production as a proxy for advanced literacy skills. This study explains how, and to what extent, growth disparities are a function of human capital formation.