The Latest Development of Fair Value Measurement and Enlightenment:From the Pespective of Financial Crisis

In the spread of current financial crisis,it is of great significance to clarify the the relationship between the fair value and financial crisis,and to analyse the response to the fair value measurement from related parties.From the analysis,we can clarify research ideas of fair value,and further to promote the application of fair value.Regarding the relationship between fair value and the financial crisis,the study concludes that fair value is only aimed to act as the financial crisis indicator,not the prime reason for the financial crisis.We insist clearly and unswervingly implementing fair value measurement.As to reliability of fair value information,this study proposes solutions from the following aspects grasping of essence of reliability,upgrading measuring technology and strengthening information disclosure to perfect fair value information,in order to safeguard financial stability.