Renewable energy is preferred by most countries due to its clean and sustainable characteristic especially under the background of rapid rise in carbon emissions. However, the carbon reduction effect of renewable energy has not been thoroughly investigated in the context of rapid globalization....

This research paper intends to redefine and extend the concept of 'optimal liquidity' discussed in Han and Lee (2012). For this purpose, we have distinguished between liquidity held by households and liquidity held by firms following Levhari and Patinkin (1968) and Yoo and Pyo (1986). Han and...