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This contribution applies the cointegrated vector autoregressive (CVAR) model to analyze the long-run behavior and short-run dynamics of stock markets across five developed and three emerging economies. The main objective is to check whether liquidity conditions play an important role in stock...
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, and the future of cash in various monetary systems, contrasting case studies from China, Japan, Korea, and Singapore with … cashless payments for daily exchanges, while countries like Japan still largely rely on cash for a wide range of transactions … Japan’s Fiscal and Monetary Challenges -- A Coinless Society as a Bridge to a Cashless Society: A Korean Experiment -- The …
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