The Impact of Banking Policy on Trade and Global Stability

By Neil H. Ashdown | Go to book overview

Appendix B

The Research Design

The case study approach is the research design used in studying why some countries’ policy makers actively pursue policies to create trade balances while others do not. Document analysis was the requisite data collection technique used in this design. The case study method is useful in understanding phenomena that is difficult to observe. The second reason the case study method is beneficial to this study is, as Johnson and Joslyn state,

Cases with similar environments can be chosen. Furthermore, lack of complete control over the environment or context of a phenomenon can be seen as useful. If it can be shown that a theory actually works and is applicable in a real situation, then the theory may more readily be accepted. (Johnson and Joslyn, 1995:145)

While realizing the weaknesses and criticisms of the case study approach, such as what some critics call “lack of rigor” (Johnson and Joslyn, 1995:147) (meaning the possibility of bias in the use of evidence selection), and also the potential difficulty of making the study generalizable due to the nature of policies in general (meaning the fact that they are dealing with contemporary events), the case study approach is the most prudent. As Yin argues in support of the case study approach,

Case studies, like experiments, are generalizable to theoretical propositions and not to populations or universes. In this sense, the case study, like the

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The Impact of Banking Policy on Trade and Global Stability
Table of contents

Table of contents

  • Title Page iii
  • Contents ix
  • Acknowledgments xi
  • Chapter 1 - Introduction 1
  • Chapter 2 - Institutional Versus Realist Models 7
  • Chapter 3 - Banking on the Fed for a Healthy Economy 27
  • Chapter 4 - The Cultural Evolution of Institutions in the United States 55
  • Chapter 5 - Monetary Policy, Foreign Exchange, and Trade 79
  • Chapter 6 - Final Thoughts 109
  • Appendix A 117
  • Appendix B 123
  • References 133
  • Index 139
  • About the Author 145
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