Paul Luk

Hong Kong Institute for Monetary and Financial Research

Hong Kong

SCHOLARLY PAPERS

12

DOWNLOADS

356

SSRN CITATIONS

2

CROSSREF CITATIONS

6

Scholarly Papers (12)

1.

A Model of Chinese Capital Account Liberalisation

HKIMR Working Paper No.12/2013
Number of pages: 41 Posted: 19 Aug 2013
Dong He and Paul Luk
Hong Kong Monetary Authority and Hong Kong Institute for Monetary and Financial Research
Downloads 135 (257,075)
Citation 3

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China, country portfolios, capital account liberalization, renminbi internationalization

2.

The Internationalisation of the Renminbi as an Investing and a Funding Currency: Analytics and Prospects

HKIMR Working Paper No.01/2015
Number of pages: 36 Posted: 17 Jan 2015
Dong He, Paul Luk and Wenlang Zhang
International Monetary Fund (IMF) - Monetary and Exchange Affairs Department, Hong Kong Institute for Monetary and Financial Research and Independent
Downloads 124 (274,083)

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3.

Debt Deleveraging and the Zero Bound: Potentially Perverse Effects of Real Exchange Rate Movements

HKIMR Working Paper No.20/2014
Number of pages: 37 Posted: 27 Aug 2014
Paul Luk and David Vines
Hong Kong Institute for Monetary and Financial Research and University of Oxford - Balliol College - Department of Economics
Downloads 39 (510,966)

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Global Imbalances, Debt Deleveraging, Liquidity Trap, Real Exchange Rate

4.

Debt and International Reserves in Emerging Markets: Output Externalities or Precautionary Savings?

Number of pages: 50 Posted: 28 Sep 2020 Last Revised: 16 Nov 2020
Sang Seok Lee, Paul Luk and Ju Hyun Pyun
Bilkent University, Hong Kong Institute for Monetary and Financial Research and Korea University Business School (KUBS)
Downloads 20 (620,812)

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Debt; International reserves; Small open economy model; Interest rate premium; Precautionary savings; Output externality; Regime-switching; Emerging market

5.

Chained Financial Contracts and Global Banks

Economics Letters, Vol. 129, 2015
Number of pages: 10 Posted: 13 Nov 2015
Paul Luk
Hong Kong Institute for Monetary and Financial Research
Downloads 15 (655,924)

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Financial accelerators, banks, chained credit contracts.

6.

Dynamics of Secured and Unsecured Debt over the Business Cycle

Review of Economic Dynamics, Forthcoming, HKIMR Working Paper No.10/2021
Number of pages: 57 Posted: 11 May 2021
Paul Luk and Tianxiao Zheng
Hong Kong Institute for Monetary and Financial Research and International Monetary Fund
Downloads 11 (685,841)

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Secured debt, unsecured debt, corporate debt structure, financial accelerator

7.

A Robust Textual Analysis of the Dynamics of Hong Kong Property Market

HKIMR Working Paper No.08/2021
Number of pages: 45 Posted: 11 May 2021
Hong Kong Monetary Authority - Research Department, Hong Kong Monetary Authority, Hong Kong Institute for Monetary and Financial Research and Hong Kong Monetary Authority
Downloads 11 (685,841)

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property market, nowcasting, textual analysis, sentiment

8.

Optimal Monetary and Fiscal Policy in an Economy with Endogenous Public Debt

CEPR Discussion Paper No. DP10580
Number of pages: 63 Posted: 12 May 2015
Paul Luk and David Vines
Hong Kong Institute for Monetary and Financial Research and University of Oxford - Balliol College - Department of Economics
Downloads 1 (769,265)
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fiscal policy, government debt, monetary policy, New Keynesian model

9.

Economic Policy Uncertainty Spillovers in Small Open Economies: The Case of Hong Kong

Pacific Economic Review, Vol. 25, Issue 1, pp. 21-46, 2020
Number of pages: 26 Posted: 03 Jun 2020
Hong Kong Institute for Monetary and Financial Research, Hong Kong Monetary Authority, Hong Kong Monetary Authority and Hong Kong Monetary Authority - Research Department
Downloads 0 (786,335)
Citation 2
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10.

Internationalisation of the Renminbi as an Investing and a Funding Currency: Analytics and Prospects

Pacific Economic Review, Vol. 21, Issue 3, pp. 295-323, 2016
Number of pages: 29 Posted: 22 Aug 2016
Dong He, Paul Luk and Wenlang Zhang
International Monetary Fund (IMF) - Monetary and Exchange Affairs Department, Hong Kong Institute for Monetary and Financial Research and Independent
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11.

The Optimal Coordination of Fiscal and Monetary Policy in a New Keynesian Framework

CEPR Discussion Paper No. DP10895
Number of pages: 29 Posted: 20 Oct 2015
Paul Luk and David Vines
Hong Kong Institute for Monetary and Financial Research and University of Oxford - Balliol College - Department of Economics
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fiscal policy, monetary policy, New Keynesian model

12.

Optimal Monetary and Fiscal Policy in an Economy with Inflation Persistence

CEPR Discussion Paper No. DP10586
Number of pages: 26 Posted: 12 May 2015
Paul Luk and David Vines
Hong Kong Institute for Monetary and Financial Research and University of Oxford - Balliol College - Department of Economics
Downloads 0 (786,335)
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fiscal policy, monetary policy, New Keynesian model, Phillips curve