Hongyi Chen

Hong Kong Monetary Authority - Hong Kong Institute for Monetary Research (HKIMR)

3 Garden Road, 8th Floor

Hong Kong

China

SCHOLARLY PAPERS

20

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1,456

SSRN CITATIONS
Rank 21,178

SSRN RANKINGS

Top 21,178

in Total Papers Citations

21

CROSSREF CITATIONS

26

Scholarly Papers (20)

1.

The Implementation of Monetary Policy in China: The Interbank Market and Bank Lending

Hong Kong Institute for Monetary Research (HKIMR) Working Paper No. 26/2011
Number of pages: 38 Posted: 10 Sep 2011
Hongyi Chen, Qianying Chen and Stefan Gerlach
Hong Kong Monetary Authority - Hong Kong Institute for Monetary Research (HKIMR), International Monetary Fund (IMF) - Monetary and Capital Markets Department and Central Bank of Ireland
Downloads 339 (107,137)
Citation 14

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Monetary Policy Implementation, Regulated Retail Interest Rates, Transmission Mechanism, Window Guidance, Bank Loans, China

2.

The Effectiveness of Monetary Policy in China: Evidence from a Qual VAR

HKIMR Working Paper No.06/2016
Number of pages: 38 Posted: 11 May 2016
Hongyi Chen, Kenneth K. Chow and Peter Tillmann
Hong Kong Monetary Authority - Hong Kong Institute for Monetary Research (HKIMR), Hong Kong Institute for Monetary Research and University of Giessen
Downloads 167 (213,921)
Citation 9

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China, monetary policy, Qual VAR, transmission mechanism, asset prices, financial stability

To Guide or Not to Guide? Quantitative Monetary Policy Tools and Macroeconomic Dynamics in China

BOFIT Discussion Paper No. 3/2017
Number of pages: 45 Posted: 02 Mar 2017 Last Revised: 17 Jul 2019
Hong Kong Monetary Authority - Hong Kong Institute for Monetary Research (HKIMR), University of Hamburg - Department of Economics, University of Hamburg - Department of Economics and Hong Kong Monetary Authority
Downloads 68 (401,762)

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To Guide or Not to Guide? Quantitative Monetary Policy Tools and Macroeconomic Dynamics in China

HKIMR Working Paper No. 09/2017
Number of pages: 53 Posted: 06 Jun 2017
Hong Kong Monetary Authority - Hong Kong Institute for Monetary Research (HKIMR), University of Hamburg - Department of Economics, University of Hamburg - Department of Economics and Hong Kong Monetary Authority
Downloads 55 (447,839)
Citation 8

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monetary policy, window guidance, China, DSGE model

4.

Hong Kong SAR Economic Integration with the Pearl River Delta

IMF Working Paper No. 08/273
Number of pages: 31 Posted: 18 Dec 2008
Hongyi Chen and Olaf Unteroberdoerster
Hong Kong Monetary Authority - Hong Kong Institute for Monetary Research (HKIMR) and International Monetary Fund (IMF) - Asia and Pacific Department
Downloads 102 (311,595)

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Economic integration, Hong Kong Special Administrative Region of China, China, People's Republic of, Financial sector, Trade integration, Investment policy, Infrastructure, Services sector, Human capital

5.

Quantifying Financing Needs in the Belt and Road Countries and Industries

HKIMR Working Paper No. 13/2017
Number of pages: 81 Posted: 05 Jul 2017
Hongyi Chen, Tianjiao Jiang and Chen Lin
Hong Kong Monetary Authority - Hong Kong Institute for Monetary Research (HKIMR), Hang Seng Bank and The University of Hong Kong - Faculty of Business and Economics
Downloads 96 (324,081)

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China, Belt and Road Initiative, Financing Needs

6.

The Impact of US Monetary Policy and Other External Shocks on the Hong Kong Economy: A Factor-Augmented VAR Approach

HKIMR Working Paper No.09/2016
Number of pages: 66 Posted: 20 Jun 2016
Hongyi Chen and Andrew Tsang
Hong Kong Monetary Authority - Hong Kong Institute for Monetary Research (HKIMR) and Hong Kong Monetary Authority
Downloads 88 (342,402)
Citation 1

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Hong Kong economy, monetary policy, factor-augmented VAR

7.

From a Quantity to an Interest Rate-Based Framework: Multiple Monetary Policy Instruments and Their Effects in China*

HKIMR Working Paper No. 01/2019
Number of pages: 42 Posted: 14 Jan 2019
Soyoung Kim and Hongyi Chen
Seoul National University and Hong Kong Monetary Authority - Hong Kong Institute for Monetary Research (HKIMR)
Downloads 78 (367,832)
Citation 2

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Interest Rate-Based Framework, Monetary Policy Instruments, China, Effects of Monetary Policy

8.

Corporate Default Risk and Loan Pricing Behaviour in China

Number of pages: 41 Posted: 24 Oct 2017
Hongyi Chen, Jianghui Chen and Gaofeng Han
Hong Kong Monetary Authority - Hong Kong Institute for Monetary Research (HKIMR), The Chinese University of Hong Kong (CUHK) and Hong Kong Monetary Authority
Downloads 78 (367,832)
Citation 1

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Default Risk, Bank Loan Pricing, SOE, Non-SOE, China

9.

Exchange Rate Movements and Fundamentals: Impact of Oil Prices and China's Growth

HKIMR Working Paper No. 04/2017
Number of pages: 43 Posted: 01 Mar 2017 Last Revised: 22 Oct 2017
Shuo Cao and Hongyi Chen
Shenzhen Stock Exchange and Hong Kong Monetary Authority - Hong Kong Institute for Monetary Research (HKIMR)
Downloads 73 (381,835)
Citation 1

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The Diffusion and Dynamics of Producer Prices, Deflationary Pressure Across Asian Countries, and the Role of China

BOFIT Discussion Paper No. 11/2016
Number of pages: 43 Posted: 15 Sep 2016
Hongyi Chen, Michael Funke and Andrew Tsang
Hong Kong Monetary Authority - Hong Kong Institute for Monetary Research (HKIMR), University of Hamburg - Department of Economics and Hong Kong Monetary Authority
Downloads 36 (533,083)

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producer prices, international spillovers, deflation, Asia

The Diffusion and Dynamics of Producer Prices, Deflationary Pressure across Asian Countries, and the Role of China

HKIMR Working Paper No.15/2016 (revised version)
Number of pages: 22 Posted: 30 Aug 2016 Last Revised: 05 Jan 2018
Hongyi Chen, Michael Funke and Andrew Tsang
Hong Kong Monetary Authority - Hong Kong Institute for Monetary Research (HKIMR), University of Hamburg - Department of Economics and Hong Kong Monetary Authority
Downloads 19 (643,742)
Citation 2

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Producer Prices, International Spillovers, Deflation, Asia, Structural Adjustments, China

11.

Pushing on a String: State-Owned Enterprises and Monetary Policy Transmission in China

Number of pages: 39 Posted: 11 May 2018
Hongyi Chen, Ran Li and Peter Tillmann
Hong Kong Monetary Authority - Hong Kong Institute for Monetary Research (HKIMR), Bank for International Settlements (BIS) and University of Giessen
Downloads 46 (475,973)
Citation 5

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monetary transmission, state-owned enterprises, financial system, VAR, state-dependent local projections, firm-level data

12.

Monetary Regime Choice in China: Policy Rules for Navigating in Dark Corners

Number of pages: 19 Posted: 08 Feb 2017
Hongyi Chen and Paul D. McNelis
Hong Kong Monetary Authority - Hong Kong Institute for Monetary Research (HKIMR) and Fordham University - Gabelli School of Business
Downloads 45 (480,264)
Citation 1

Abstract:

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Dark corners, regime choice

13.

Monetary Rules and Policy Targets Under Managed Exchange Rates and Capital Controls: The Case of China

Number of pages: 34 Posted: 27 Dec 2017
Hongyi Chen and Paul D. McNelis
Hong Kong Monetary Authority - Hong Kong Institute for Monetary Research (HKIMR) and Fordham University - Gabelli School of Business
Downloads 39 (506,945)

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Ramsey rule, optimal simple rule, dark corner dynamics, China monetary policy

14.

Central Bank Digital Currency: a Review and Some Macro-Financial Implications

Number of pages: 53 Posted: 22 Mar 2021
Hongyi Chen and Pierre L. Siklos
Hong Kong Monetary Authority - Hong Kong Institute for Monetary Research (HKIMR) and Wilfrid Laurier University - School of Business & Economics
Downloads 34 (531,336)

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Central Bank Digital Currency, Velocity, Money Demand, Monetary Policy, McCallum Rule

15.

Multiple Monetary Policy Instruments, Foreign Exchange Intervention, and Exchange Rate in China

HKIMR Working Paper No.15/2020
Number of pages: 31 Posted: 07 Dec 2020
Soyoung Kim and Hongyi Chen
Seoul National University and Hong Kong Monetary Authority - Hong Kong Institute for Monetary Research (HKIMR)
Downloads 30 (552,493)
Citation 1

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Monetary Policy, Foreign Exchange Policy, Exchange Rate, China, Multiple Policy Instruments

16.

Monetary Policy Uncertainty in China

Journal of International Money and Finance, Forthcoming, HKIMR Working Paper No.17/2020
Number of pages: 34 Posted: 22 Jan 2021
Hongyi Chen and Peter Tillmann
Hong Kong Monetary Authority - Hong Kong Institute for Monetary Research (HKIMR) and University of Giessen
Downloads 19 (622,509)

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Monetary Policy Uncertainty, China, VAR, Spillover, Newspapers, Emerging Markets

17.

Exchange Rate Movements and Fundamentals: Impact of Oil Prices and the People’s Republic of China’s Growth

ADBI Working Paper 938, March 2019
Number of pages: 35 Posted: 16 Oct 2019
Hongyi Chen and Shuo Cao
Hong Kong Monetary Authority - Hong Kong Institute for Monetary Research (HKIMR) and Shenzhen Stock Exchange
Downloads 17 (636,345)
Citation 1

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exchange rates, commodity prices, People’s Republic of China’s growth, monetary policy, factor model, TVP-FAVAR, Bayesian methods

18.

Price Discovery in China’s Corporate and Treasury Yield Curves

HKIMR Working Paper No.06/2021
Number of pages: 30 Posted: 02 Apr 2021
Eric Girardin, Sandrine Lunven and Hongyi Chen
Aix-Marseille University - Aix-Marseille School of Economics, TAC ECONOMICS and Hong Kong Monetary Authority - Hong Kong Institute for Monetary Research (HKIMR)
Downloads 15 (650,580)

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19.

Oceans Apart? China And Other Systemically Important Economies

Number of pages: 55 Posted: 06 Apr 2020
Hongyi Chen and Pierre L. Siklos
Hong Kong Monetary Authority - Hong Kong Institute for Monetary Research (HKIMR) and Wilfrid Laurier University - School of Business & Economics
Downloads 12 (672,711)
Citation 1

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Business and Financial Cycle Synchronicity, Cross-Border Spillovers, Factor Models, Time-Varying Panel Var, Policy Coordination

20.

Impact of US Monetary Policy Rate Shock and Other External Shocks on the Hong Kong Economy: A Factor‐Augmented Vector Autoregression Approach

Pacific Economic Review, Vol. 25, Issue 1, pp. 3-20, 2020
Number of pages: 18 Posted: 03 Jun 2020
Hongyi Chen and Andrew Tsang
Hong Kong Monetary Authority - Hong Kong Institute for Monetary Research (HKIMR) and Hong Kong Monetary Authority
Downloads 0 (781,931)
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