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Evidence-based policymaking: promise, challenges and opportunities for accounting and financial markets research / Christian Leuz.
// Accounting and Business Research Vol.48, No.5 2018.p. 582-608. The use of evidence and economic analysis in policymaking is on the rise, and accounting standard setting and financial regulation are no exception. This article discusses the promise of evidence-based policymaking in accounting and financial markets as well as the challenges and opportunities for research supporting this endeavour. In principle, using sound theory and robust empirical evidence should lead to better policies and regulations. But despite its obvious appeal and substantial promise, evidence-based policymaking is easier demanded than done. It faces many challenges related to the difficulty of providing relevant causal evidence, lack of data, the reliability of published research and the transmission of research findings. Overcoming these challenges requires substantial infrastructure investments for generating and disseminating relevant research. To illustrate this point, I draw parallels to the rise of evidence-based medicine. The article provides several concrete suggestions for the research process and the aggregation of research findings if scientific evidence is to inform policymaking. I discuss how policymakers can foster and support policy-relevant research, chiefly by providing and generating data. The article also points to potential pitfalls when research becomes increasingly policy-oriented.
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International debt reexamined / William R. Cline. Washington, DC : Institute for International Economics, 1995.xv, 535 p. : ill. ; 23 cm."Impressive study includes an historical review of causes of 1980s crisis, the various policy responses, and resulting impact. Extensive survey of debt crisis literature. Draws lessons from the past to be used for future policy formulation. Likely to be the definitive study on international debt"--Handbook of Latin American Studies, v. 57
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International finance for dummies / Ayse Y Evrensel New York : Wiley, 2013xviii, 312 p. : ill. ; 24 cm.Want to get the most out of your International Finance course? Nowadays the value of daily foreign exchange trading is more than one hundred times the value of annual international trade in goods and services. As result of the great importance of international financial transactions, the subject of international finance continues to develop as fast as-or faster than-any other field in economics and finance.
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