TY  - UNPD
A1  - Gebhardt, Günther
T1  - Impairments of Greek Government Bonds under IAS 39 and IFRS 9: a case study
T2  - SAFE white paper series, 30
N2  - IFRS 9 introduces new impairment rules responding to the G20 critique that IAS 39 results in the delayed and insufficient recognition of credit losses. In a case study of a Greek government bond for the period 2009 to 2011 when Greece’s credit rating declined sharply, this study highlights the discretion that preparers have when estimating impairments. IFRS 9 relies more on management expectations and will lead to earlier impairments. However, these appear still delayed and low if compared to the fair value losses.
T3  - SAFE white paper series - 30 
KW  - government bonds
KW  - IFRS 9
KW  - credit losses
Y1  - 2015
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/39067
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-390672
UR  - http://safe-frankfurt.de/de/policy-center/publikationen/detailsview/publicationname/impairments-of-greek-government-bonds-under-ias-39-and-ifrs-9-a-case-study.html
PB  - SAFE
CY  - Frankfurt am Main
ER  -