Andrew Tsang

Hong Kong Monetary Authority

55/F, Two International Finance Centre

Hong Kong

Hong Kong

SCHOLARLY PAPERS

18

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1,351

SSRN CITATIONS
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Top 18,275

in Total Papers Citations

14

CROSSREF CITATIONS

45

Scholarly Papers (18)

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
University of California, Santa Cruz - Department of Economics, Hong Kong Monetary Authority - Research Department and Hong Kong Monetary Authority
Downloads 143 (254,865)
Citation 6

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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
University of California, Santa Cruz - Department of Economics, Hong Kong Monetary Authority - Research Department and Hong Kong Monetary Authority
Downloads 48 (495,949)

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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 109 (312,347)

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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 76 (393,372)
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 168 (222,355)
Citation 15

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

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 77 (390,382)

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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
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 57 (458,720)
Citation 8

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monetary policy, window guidance, China, DSGE model

5.

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

Journal of International Money and Finance, Vol. 86, 223-243, 2018
Number of pages: 21 Posted: 22 Mar 2017 Last Revised: 02 Jul 2020
Yin-Wong Cheung, Cho-Hoi Hui and Andrew Tsang
University of California, Santa Cruz - Department of Economics, Hong Kong Monetary Authority - Research Department and Hong Kong Monetary Authority
Downloads 127 (278,356)
Citation 4

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

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 95 (340,100)
Citation 1

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Hong Kong economy, monetary policy, factor-augmented VAR

7.

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 75 (392,088)

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

8.

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
University of California, Santa Cruz - Department of Economics, Hong Kong Monetary Authority - Research Department and Hong Kong Monetary Authority
Downloads 66 (420,267)

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

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 41 (529,338)

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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 21 (655,212)
Citation 2

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

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 42 (524,353)

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Mapping China's Time-Varying House Price Landscape

HKIMR Working Paper No.3/2018
Number of pages: 33 Posted: 05 Feb 2018
Michael Funke, Danilo Leiva-Leon and Andrew Tsang
University of Hamburg - Department of Economics, Banco de España and Hong Kong Monetary Authority
Downloads 14 (711,149)

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House Prices, Markov-Switching Models, Synchronization, China

11.

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 55 (459,277)
Citation 6

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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 51 (474,928)

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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 42 (513,902)
Citation 4

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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 31 (570,176)

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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 11 (709,174)

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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
University of California, Santa Cruz - Department of Economics, Hong Kong Monetary Authority and Hong Kong Monetary Authority
Downloads 1 (792,654)
Citation 2
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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 (792,654)
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18.

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 (809,614)
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