, resulting in the cash hoarding in banks. The paper argues that as the higher the borrowers' debt service ratio, the greater … default risks, borrowers with high debt service ratio tend to reduce loans and increase saving that leads to cash hoarding in … banking sector. It is argued that to decrease cash hoarding reduction in the debt burden of economy is necessary that can be …

Purpose This paper investigates the effect of economic policy uncertainty on value of cash before and after the global … excess cash based on the valuation model of Fama and French (1998). Baker et al. (2016) news-based index (BBD index) is … "positively" related to value of cash in the pre-crisis "post-crisis" period. Moreover, we also document that the positive effect …