The Theory of Financial Stability Meets Reality: A Unifying Framework for Bank Regulation and Accounting Discretion

A large literature at the intersection of economics and finance offers prescriptions for regulating banks to increase financial stability. This literature abstracts from the discretion that accounting standards give banks over financial reporting, creating a gap between the information assumed to be经济学与金融学交叉领域的大量研究文献，为旨在提升金融稳定性的银行监管提供了政策建议。该类文献未考量会计准则赋予银行在财务报告编制中的自由裁量权，由此造成了假设所采用的信息与