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 derived the relationship between liquidity and consumption. In the present paper, we have extended Han and Lee (2012 …

We study the liquidity exposures of value and growth stocks over business cycles. In worst times, value stocks have … higher liquidity betas than in best times, while the opposite holds for growth stocks. Small value stocks have higher … liquidity exposures than small growth stocks in worst times, while small growth stocks have higher liquidity exposures than …

Stock markets serve as a conduit for money and liquidity, which are necessary for economic growth and stability. This … liquidity has no major influence on Zimbabwe's economic development. As a result, the study advises policymakers to evaluate the …