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.

State Fair 2008 Coloring Book, 2008

The Secretary of the State Office produced a coloring book all any or all children that go to the State Fair of Iowa.

Transformations in Deuteronomistic and Biblical Historiography. On "Book-Finding" and other Literary Strategies

L'a. cherche à dater l'historiographie deutéronomiste et à établir une transformation à l'intérieur de cette historiographie. Les écrits de propagande de l'époque de Josias (Rois, Deutéronome, Josué, Exode et Nombres) ont été changés après la catastrophe de 597/87 en récit historique prenant une distance et présentant la Tora prenant la relève de l'autorité perdue du Temple. L'A. peut ainsi pencher pour une rédaction de ce courant historiographique datant de l'époque post-éxilique.

Abduction Prevention Coloring Book

Coloring book for the prevention of abduction made by Division of Criminal Investigation

Hand book for Iowa Soldiers' and Sailors' Monument, 1898.

A narrative of the history of the Soldiers' and Sailor's Monument on the State Capitol grounds.