Economic activities, both on the macro and micro level, often entail wide-spread externalities. This in turn leads to disputes regarding the compensation levels to the various parties affected. We propose a method of deciding upon the distribution of the gains (costs) of cooperation in the presence of externalities when forming the grand coalition is efficient. We show that any sharing rule sat...

This study examined the effect of international liquidity channels on profitability quoted commercial banks in Nigeria. The objective was to examine direction which channel affects profitability. Return equity used as dependent variable while Monetary policy proxy by percentage net foreign assets, financial market portfolio investment, trade Nigeria terms trade, capital mobility direct investme...

Abstract The interaction of debt and economic performance has been getting more attention over the last few years. However, models making provision for are still outnumbered by completely ignoring it. This paper is first one to analyze relationship between household (in form bank loans) terms aggregate income) considering both impact wealth income distribution, MPC distribution under various fi...

Abstract Bank Resolution is considered a cornerstone of the post-crisis financial regulation; however, it also widely ineffective and inefficient in handling bank failures. This article analyses preventive potential resolution framework, specifically focusing on minimum requirement for own funds eligible liabilities (MREL). We argue that MREL has double nature. On one hand, should ensure feasib...

A formula is derived that links the coefficients of the monetary policy rule for the shortterm interest rate to the coefficients of the implied affine equations for long-term interest rates. The formula predicts that an increase in the coefficients in the monetary policy rule will lead to an increase in the coefficients in the affine equations. Empirical evidence for such a prediction is provid...

This study is an attempt to examine the effects of external shocks on macroeconomic variables in selective small open emerging economies in Southeast Asia. A quarterly Global Vector Autoregressive (GVAR) model, including 33 countries, was used throughout 1979–2013. The empirical results showed that the target countries were affected by external shocks, especially the shocks in the U.S, Euro are...

Abstract We evaluate the value of loan monitoring systems for a bank controlled by micro-prudential regulator. investigate dynamic (an information channel that generates flow about quality) and static (where lender receives single signal quality). find carry regulatory charge dominates benefit are therefore unprofitable, whereas have positive value. Specifically, lenders can profitably dismantl...

This study examines the impact of Economic Sustainability Plan (ESP) on performance Nigerian economy as a national economic resilient policy in post COVID-19 era within framework macro-econometric model. The is hinged Keynesian general theory employment, income and interest. Annual time series data spanning from 1970 to 2019 for sample forecast, six-year out-of-sample forecast 2020 2025 were us...