David Leung

Hong Kong Monetary Authority

3 Garden Road, 30th Floor

Hong Kong

Hong Kong

  • Hong Kong Monetary Authority

SCHOLARLY PAPERS

7

DOWNLOADS

567

SSRN CITATIONS

2

CROSSREF CITATIONS

1

Scholarly Papers (7)

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1.

The Rise of Hong Kong's Corporate Bond Market: Drivers and Implications

BIS Paper No. 83i
Number of pages: 16 Posted: 24 Nov 2015
David Leung, Ceara Hui, Tom Fong and Alfred Wong
Hong Kong Monetary Authority, Hong Kong Monetary Authority, Hong Kong Monetary Authority and Hong Kong Monetary Authority
Downloads 236 (222,515)

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Corporate bond market, Hong Kong SAR, financial intermediation, corporate leverage, bank-based financing, market-based financing

2.

The Limit of Evil: Effects of Inflation and Public Debt on Capital Market Development

Hong Kong Monetary Authority Research Memorandum, 2019, 02
Number of pages: 15 Posted: 14 Feb 2019
David Leung, Wenzhe Li, Alfred Wong and Jiayue Zhang
Hong Kong Monetary Authority, Tsinghua University, Hong Kong Monetary Authority and Brown University - Department of Economics
Downloads 85 (497,811)
Citation 1

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3.

Corporate Digital Identity: No Silver Bullet, but a Silver Lining

BIS Papers No. 126
Number of pages: 58 Posted: 17 Jul 2023
David Leung, Benedicte Nolens, Douglas W. Arner and Jon Frost
Hong Kong Monetary Authority, BIS Innovation Hub, The University of Hong Kong and Bank for International Settlements (BIS)
Downloads 82 (508,594)

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identification, identity verification, corporate structure, beneficial ownership, taxes, legal entity identifier, prudential regulation, anti-money laundering / combating the financing of terrorism, small and medium-sized enterprises, financial inclusion

4.

Interpreting Survey-Based Federal Funds Rate Forecasts: How Accurate Are They in Reflecting Market Expectations?

Number of pages: 25 Posted: 17 Apr 2019
Max Kwong, David Leung, Alfred Wong and Jiayue Zhang
Hong Kong Monetary Authority, Hong Kong Monetary Authority, Hong Kong Monetary Authority and Brown University - Department of Economics
Downloads 65 (578,914)

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Fed Funds Rate, Monetary Policy Expectation

5.

Sensitivity of Emerging Market Bond Fund Flows to US Monetary Stance and Global Risk Aversion

Hong Kong Monetary Authority, Research Memorandum 01/2018
Number of pages: 19 Posted: 17 May 2019
David Leung, Jiayue Zhang and Alfred Wong
Hong Kong Monetary Authority, Brown University - Department of Economics and Hong Kong Monetary Authority
Downloads 44 (691,712)

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Fund Flow, Emerging Markets, Bond Market, Risk Aversion

6.

Impact of Exchange Rate Risk on the Volatility of Emerging Market Bond Fund Flows: Does Currency Denomination Matter?

Number of pages: 16 Posted: 24 Nov 2020
David Leung and Wilson Wan
Hong Kong Monetary Authority and Hong Kong Monetary Authority
Downloads 36 (746,049)

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Bond fund flows, Currency denomination, Volatility

7.

Run Risks of Cash-Redeemable Etfs

Number of pages: 27 Posted: 11 Apr 2023
David Leung, Joe Wong and Tom Pak Wing Fong
Hong Kong Monetary Authority, Hong Kong Monetary Authority and Hong Kong Monetary Authority
Downloads 19 (888,223)

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ETFs, redemption mechanism, financial stability, Financial Econometrics, panel data regressions.