Les banques sont-elles solubles dans le marché? A propos de la comptabilisation de la dette grecque à sa "juste valeur"

Different approaches to accounting involve different, often implicit, assumptions as to the functioning of the monetary and financial system. Thus, for example, fair value, unlike historical cost, relies on the assumption of asset market liquidity, and may require decisive intervention of monetary authorities in an effort to preserve that liquidity. This paper intends to start discussing the mutual implications between money and accounting, with a view to enhance the overall stability of the financial system. The recent quarrel concerning accounting for distressed governmental securities will be taken as case of reference.