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Three issues are addressed in this paper; What are the important cash holding determinants? Do firms adjust cash levels toward their optimal ones? Do holding more cash contribute to stock return? The data covers between 1998 and 2008 for firms from Korea, Taiwan and Japan. We find that earning...
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This paper estimates output gaps for Hong Kong, Korea, the Philippines, Singapore and Taiwan, employing the HP filter … are useful in estimating output gaps in Asia, simple Phillips curves suggest that the information contents of the two …
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