The Great Recession of 2007-2009 triggered a debate among commentators, economists and policymakers about the relevance of academic economics. We advocate the overhaul of undergraduate and postgraduate syllabuses starting with the adoption of the Bowles and Carlin proposals

This study is the first to analyze the value relevance of goodwill impairment losses (GIL) in an international context; therefore, it builds a link between institutional, cultural, and religious factors and cross-country variations in the relevance of GIL. Using a sample of 18,143 firm-year...

Discussions of central bank independence usually centre around monetary policy, specifically the freedom of central banks to use interest rates to tackle inflation. However, as the financial crisis showed, financial stability is also important and this requires robust supervision/regulation of...