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Impairments of Greek government bonds under IAS 39 and IFRS 9: A Case Study

By G\ufcnther Gebhardt


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\ub4s 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

Topics: ddc:330, IFRS 9, credit losses, government bonds
Publisher: Frankfurt am Main: SAFE
Year: 2015
DOI identifier: 10.2861/787665
OAI identifier:
Provided by: EconStor

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