Iowa Fact Book, 2002

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

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.