... and a novel idea in the literature. Oyakhilome Ibhagui can be contacted at: oi.wallace02@gmail.com 21 06 2018 27 11 2018 22 01 2019 14 03 2019 © Emerald Publishing Limited 2019 Emerald Publishing Limited Licensed re-use rights only F21 F30 P33 (4.3) I...

... Publishing Limited 2018 Emerald Publishing Limited Licensed re-use rights only Financial markets and the macroeconomy Globalization F30 F31 F32 Illicit financial outflows involve illegal movements of money from one country to another, especially when funds are illegally earned...

... economics Economic integration Dynamic analysis Irrational behaviours Subprime mortgage crisis E61 F30 G01 G02 G15 Brunnermeier and Pedersen (2009) emprically show that agents who experience losses in one market prefer to liquidate the financial assets in other markets and cause...

... 2017 03 04 2017 Financial markets Financial markets and the macroeconomy Credit International finance E44 E50 F30 G28 It has frequently been argued that financial markets can provide strong discipline over the financial behavior of governments and central banks...

... C G − Δ D ︸ Total leakages = FET − NFET ︸ Total external transactions + Δ SF + Δ OTHER Banks Emerging markets Credit International finance Money supply Non-core liabilities E51 F30 G21 Money is created by bank lending. When a bank grants...