Andrew Tsang

Hong Kong Monetary Authority

55/F, Two International Finance Centre

Hong Kong

Hong Kong

SCHOLARLY PAPERS

17

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1,151

SSRN CITATIONS
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Top 16,602

in Total Papers Citations

9

CROSSREF CITATIONS

45

Scholarly Papers (17)

The Renminbi Central Parity: An Empirical Investigation

Pacific Economic Review, Volume 23, Issue 2, Pages 164-183, May 2018
Number of pages: 33 Posted: 20 Jun 2016 Last Revised: 22 Jul 2018
Yin-Wong Cheung, Cho-Hoi Hui and Andrew Tsang
City University of Hong Kong - Department of Economics & Finance, Hong Kong Monetary Authority - Research Department and Hong Kong Monetary Authority
Downloads 139 (218,798)
Citation 5

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China, RMB, exchange rate policy, central parity rate, on-shore and off-shore rates

The Renminbi Central Parity: An Empirical Investigation

BOFIT Discussion Paper No. 7/2017
Number of pages: 33 Posted: 24 May 2017
Yin-Wong Cheung, Cho-Hoi Hui and Andrew Tsang
City University of Hong Kong - Department of Economics & Finance, Hong Kong Monetary Authority - Research Department and Hong Kong Monetary Authority
Downloads 41 (449,419)

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China, RMB, exchange rate policy, central parity rate, onshore and offshore rates

Effectiveness of Loan-to-Value Ratio Policy and its Transmission Mechanism: Empirical Evidence from Hong Kong

Journal of Financial Perspectives, Vol. 3(2), (July 2015), pp. 93-102
Number of pages: 30 Posted: 01 Oct 2015
T. C. Wong, Kelvin Ho and Andrew Tsang
Hong Kong Monetary Authority - Research Department, Hong Kong Monetary Authority and Hong Kong Monetary Authority
Downloads 103 (273,972)

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Banking, Hong Kong, Loan-To-Value, Macroprudential Policy

Effectiveness of Loan-to-Value Ratio Policy and Its Transmission Mechanism – Empirical Evidence from Hong Kong

HKIMR Working Paper No.20/2015
Number of pages: 24 Posted: 03 Nov 2015
T. C. Wong, Kelvin Ho and Andrew Tsang
Hong Kong Monetary Authority - Research Department, Hong Kong Monetary Authority and Hong Kong Monetary Authority
Downloads 45 (432,809)
Citation 2

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Banking, Hong Kong, Loan-To-Value, Macroprudential Policy

3.

How Does Loan-to-Value Policy Strengthen Banks’ Resilience to Property Price Shocks – Evidence from Hong Kong

HKIMR Working Paper No. 03/2014
Number of pages: 32 Posted: 20 Feb 2014
T. C. Wong, Andrew Tsang and Steven Kong
Hong Kong Monetary Authority - Research Department, Hong Kong Monetary Authority and Hong Kong Monetary Authority
Downloads 144 (212,168)
Citation 14

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Banking, Disequilibrium, Hong Kong, Loan-To-Value, Macroprudential Policy

4.

The RMB Central Parity Formation Mechanism: August 2015 to December 2016

Journal of International Money and Finance, Forthcoming
Number of pages: 21 Posted: 22 Mar 2017 Last Revised: 24 Jul 2018
Yin-Wong Cheung, Cho-Hoi Hui and Andrew Tsang
City University of Hong Kong - Department of Economics & Finance, Hong Kong Monetary Authority - Research Department and Hong Kong Monetary Authority
Downloads 118 (247,527)
Citation 3

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China’s Exchange Rate Policy, Currency Basket, Multiplicative Interaction Model, Onshore and Offshore RMB Rates, Volatility

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
Hongyi Chen, Michael Funke, Ivan Lozev and Andrew Tsang
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 50 (413,495)
Citation 8

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monetary policy, window guidance, China, DSGE model

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
Hongyi Chen, Michael Funke, Ivan Lozev and Andrew Tsang
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 44 (436,856)

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monetary policy, window guidance, China, DSGE model

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 76 (329,313)
Citation 1

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Hong Kong economy, monetary policy, factor-augmented VAR

7.

The Renminbi Central Parity: An Empirical Investigation

CESifo Working Paper Series No. 6963
Number of pages: 33 Posted: 26 Jul 2016
Yin-Wong Cheung, Cho-Hoi Hui and Andrew Tsang
City University of Hong Kong - Department of Economics & Finance, Hong Kong Monetary Authority - Research Department and Hong Kong Monetary Authority
Downloads 63 (364,588)

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China, RMB, exchange rate policy, central parity rate, on-shore and off-shore rates

8.

The Information Content in the Offshore Renminbi Foreign-Exchange Option Market: Analytics and Implied USD/CNH Densities

BOFIT Discussion Paper No. 15/2017
Number of pages: 41 Posted: 31 Oct 2017 Last Revised: 18 Jan 2018
Michael Funke, Julius Loermann and Andrew Tsang
University of Hamburg - Department of Economics, University of Hamburg - Department of Economics and Hong Kong Monetary Authority
Downloads 57 (383,080)

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offshore renminbi, options, risk-neutral densities, real-world densities, forecasting

9.

Asynchronous Monetary Policies and International Dollar Credit

HKIMR Working Paper No.19/2015
Number of pages: 36 Posted: 01 Oct 2015
Dong He, T. C. Wong, Andrew Tsang and Kelvin Ho
International Monetary Fund (IMF) - Monetary and Exchange Affairs Department, Hong Kong Monetary Authority - Research Department, Hong Kong Monetary Authority and Hong Kong Monetary Authority
Downloads 52 (399,555)
Citation 4

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10.
Downloads 51 (403,047)
Citation 1

Mapping China's Time-Varying House Price Landscape

BOFIT Discussion Paper No. 21/2017
Number of pages: 33 Posted: 12 Dec 2017 Last Revised: 07 Aug 2019
Michael Funke, Danilo Leiva-Leon and Andrew Tsang
University of Hamburg - Department of Economics, Central Bank of Chile and Hong Kong Monetary Authority
Downloads 37 (467,299)
Citation 1

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house prices, Markov-Switching models, synchronization, China

Mapping China's Time-Varying House Price Landscape

HKIMR Working Paper No.3/2018
Number of pages: 33 Posted: 05 Feb 2018
University of Hamburg - Department of Economics, Banco de España and Hong Kong Monetary Authority
Downloads 14 (606,737)

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House Prices, Markov-Switching Models, Synchronization, China

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 30 (502,324)

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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 (571,959)
Citation 2

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

12.

Chinese Local Bond Spreads, Monetary Policy and 'Misallocation'

USC-INET Research Paper No. 18-06
Number of pages: 42 Posted: 16 Apr 2018
Robert Dekle and Andrew Tsang
University of Southern California - Department of Economics and Hong Kong Monetary Authority
Downloads 41 (440,261)

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Chinese Local Bonds, Monetary Policy, Misallocation

13.

Implications of Liquidity Management of Global Banks for Host Countries — Evidence from Foreign Bank Branches in Hong Kong

HKIMR Working Paper No.21/2014
Number of pages: 24 Posted: 27 Aug 2014
T. C. Wong, Andrew Tsang and Steven Kong
Hong Kong Monetary Authority - Research Department, Hong Kong Monetary Authority and Hong Kong Monetary Authority
Downloads 39 (448,649)
Citation 3

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Global Banks, Internal Capital Market, Liquidity Management, Shock Transmission

14.

Chinese Local Bond Spreads, Monetary Policy and ‘Misallocation’

HKIMR Working Paper No. 7/2018
Number of pages: 43 Posted: 30 Mar 2018
Robert Dekle and Andrew Tsang
University of Southern California - Department of Economics and Hong Kong Monetary Authority
Downloads 29 (494,396)

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Chinese Local Bonds, Local Government, Money Policy, Misallocation

15.

Effectiveness of Loan-to-Value Ratio Policy and Its Transmission Mechanism: Empirical Evidence from Hong Kong

Journal of Financial Perspectives, Vol. 3, No. 2, 2015
Number of pages: 30 Posted: 07 Dec 2017
Eric Wong, Kelvin Ho and Andrew Tsang
Hong Kong Monetary Authority - Market Research Division, Hong Kong Monetary Authority and Hong Kong Monetary Authority
Downloads 8 (623,994)

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16.

Renminbi Central Parity: An Empirical Investigation

Pacific Economic Review, Vol. 23, Issue 2, pp. 164-183, 2018
Number of pages: 20 Posted: 11 May 2018
Yin-Wong Cheung, Cho‐Hoi Hui and Andrew Tsang
City University of Hong Kong - Department of Economics & Finance, Hong Kong Monetary Authority and Hong Kong Monetary Authority
Downloads 1 (681,130)
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17.

Divergent Monetary Policies and International Dollar Credit: Evidence from Bank‐Level Data

Pacific Economic Review, Vol. 23, Issue 1, pp. 95-108, 2018
Number of pages: 14 Posted: 20 Feb 2018
Dong He, T. C. Wong, Kelvin Ho and Andrew Tsang
International Monetary Fund (IMF) - Monetary and Exchange Affairs Department, Hong Kong Monetary Authority - Research Department, Hong Kong Monetary Authority and Hong Kong Monetary Authority
Downloads 1 (681,130)
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