Hui Tong

International Monetary Fund (IMF)

700 19th Street, N.W.

Washington, DC 20431

United States

SCHOLARLY PAPERS

32

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CITATIONS
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179

Scholarly Papers (32)

Real Effects of the Subprime Mortgage Crisis: Is it a Demand or a Finance Shock?

IMF Working Paper No. 08/186
Number of pages: 39 Posted: 12 Sep 2008
Hui Tong and Shang-Jin Wei
International Monetary Fund (IMF) and Columbia Business School - Finance and Economics
Downloads 566 (46,467)

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United States, Consumer credit, Borrowing, Demand, External shocks, Liquidity controls, Financial crisis, Spillovers, Stock prices

Real Effects of the Subprime Mortgage Crisis: Is it a Demand or a Finance Shock?

NBER Working Paper No. w14205
Number of pages: 50 Posted: 04 Aug 2008 Last Revised: 28 Aug 2008
Hui Tong and Shang-Jin Wei
International Monetary Fund (IMF) and Columbia Business School - Finance and Economics
Downloads 122 (229,918)

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2.

Real Effects of the 2007-08 Financial Crisis Around the World

Number of pages: 30 Posted: 20 Mar 2009
Hui Tong and Shang-Jin Wei
International Monetary Fund (IMF) and Columbia Business School - Finance and Economics
Downloads 317 (94,330)
Citation 3

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financial crisis, spillover, liquidity constraint

3.

Bank Size, Capital, and Systemic Risk: Some International Evidence

Number of pages: 35 Posted: 13 Oct 2014
Luc Laeven, Lev Ratnovski and Hui Tong
European Central Bank (ECB), International Monetary Fund and International Monetary Fund (IMF)
Downloads 299 (100,538)
Citation 7

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Banking crisis; Bank performance; Bank fragility; Systemic risk; Financial regulation

The Composition Matters: Capital Inflows and Liquidity Crunch During a Global Economic Crisis

IMF Working Paper No. 09/164
Number of pages: 38 Posted: 19 Aug 2009
Hui Tong and Shang-Jin Wei
International Monetary Fund (IMF) and Columbia Business School - Finance and Economics
Downloads 140 (206,135)

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Banking crisis, Banking sector, Capital flows, Capital inflows, Credit restraint, Cross country analysis, Emerging markets, Financial crisis, Liquidity controls, Manufacturing sector, Spillovers, Stock prices, Transition economies

The Composition Matters: Capital Inflows and Liquidity Crunch During a Global Economic Crisis

HKIMR Working Paper No.17/2010
Number of pages: 39 Posted: 30 Jun 2010
Hui Tong and Shang-Jin Wei
International Monetary Fund (IMF) and Columbia Business School - Finance and Economics
Downloads 66 (342,273)
Citation 1

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Financial Globalization, Financial Crisis, Spillover, Liquidity Constraint

The Composition Matters: Capital Inflows and Liquidity Crunch During a Global Economic Crisis

NBER Working Paper No. w15207
Number of pages: 41 Posted: 11 Aug 2009 Last Revised: 22 Jul 2010
Hui Tong and Shang-Jin Wei
International Monetary Fund (IMF) and Columbia Business School - Finance and Economics
Downloads 28 (487,953)

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5.

The Impact of Yuan Revaluation on the Asian Region

Bank of England Working Paper No. 329
Number of pages: 24 Posted: 27 Aug 2007
Glenn Hoggarth and Hui Tong
Bank of England and International Monetary Fund (IMF)
Downloads 232 (130,991)
Citation 1

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Global imbalance, exchange rate, China and Asia

6.

Benefits and Costs of Bank Capital

IMF Staff Discussion Note No. SDN/16/04
Number of pages: 38 Posted: 14 Sep 2016
International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) - Research Department, European Central Bank (ECB), International Monetary Fund and International Monetary Fund (IMF)
Downloads 219 (138,577)
Citation 1

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Banks, Capital Regulation, Crises

7.

Bank Size and Systemic Risk

Number of pages: 34 Posted: 19 May 2014
Luc Laeven, Lev Ratnovski and Hui Tong
European Central Bank (ECB), International Monetary Fund and International Monetary Fund (IMF)
Downloads 183 (163,795)
Citation 7

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8.

Did the Euro Crisis Affect Non-Financial Firm Stock Prices Through a Financial or Trade Channel?

IMF Working Paper No. 11/227
Number of pages: 41 Posted: 08 Oct 2011
Bank for International Settlements (BIS), International Monetary Fund (IMF) and affiliation not provided to SSRN
Downloads 159 (185,155)

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Capital markets, Corporate sector, Euro Area, Europe, Financial crisis, Sovereign debt, Spillovers, Stock prices, Trade

9.

The Impact of Chinese Exchange Rate Policy on Global Stock Markets: Evidence from Firm-Level Data

Number of pages: 33 Posted: 14 Mar 2011
Barry Eichengreen and Hui Tong
University of California, Berkeley and International Monetary Fund (IMF)
Downloads 153 (191,271)

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Chinese Exchange Rate Policy, Global Stock Markets

The Chinese Corporate Savings Puzzle: A Firm-Level Cross-Country Perspective

IMF Working Paper No. 10/275
Number of pages: 33 Posted: 01 Feb 2011
International Monetary Fund (IMF), International Monetary Fund (IMF) and Columbia Business School - Finance and Economics
Downloads 84 (297,335)

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China, People's Republic of, Corporate sector, Cross country analysis, Current account surpluses, Economic models, Investment, Private savings, Public enterprises, Savings

The Chinese Corporate Savings Puzzle: A Firm-Level Cross-Country Perspective

HKIMR Working Paper No.20/2012, Columbia Business School Research Paper No. 12/51
Number of pages: 33 Posted: 31 Aug 2012
International Monetary Fund (IMF), International Monetary Fund (IMF) and Columbia Business School - Finance and Economics
Downloads 43 (418,979)

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The Chinese Corporate Savings Puzzle: a Firm-Level Cross-Country Perspective

NBER Working Paper No. w16432
Number of pages: 35 Posted: 12 Oct 2010 Last Revised: 13 Oct 2010
International Monetary Fund (IMF), International Monetary Fund (IMF) and Columbia Business School - Finance and Economics
Downloads 25 (505,534)

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The External Impact of China's Exchange Rate Policy: Evidence from Firm Level Data

IMF Working Paper No. 11/155
Number of pages: 33 Posted: 16 Jul 2011
Barry Eichengreen and Hui Tong
University of California, Berkeley and International Monetary Fund (IMF)
Downloads 126 (224,283)

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The External Impact of China's Exchange Rate Policy: Evidence from Firm Level Data

NBER Working Paper No. w17593
Number of pages: 43 Posted: 21 Nov 2011
Barry Eichengreen and Hui Tong
University of California, Berkeley and International Monetary Fund (IMF)
Downloads 20 (537,100)

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12.

The Impact of China on the Exports of Other Asian Countries

NBER Working Paper No. w10768
Number of pages: 36 Posted: 30 Sep 2004
University of California, Berkeley, Chungbuk National University - Economics Department and International Monetary Fund (IMF)
Downloads 118 (234,771)
Citation 3

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13.

Credit Crunch, Creditor Protection, and Asset Prices

HKIMR Working Paper No. 16/2008
Number of pages: 42 Posted: 07 Jan 2009
Galina Hale, Assaf Razin and Hui Tong
Federal Reserve Bank of San Francisco, Tel Aviv University - Eitan Berglas School of Economics and International Monetary Fund (IMF)
Downloads 94 (274,535)

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14.
Downloads 71 (324,983)
Citation 5

U.S. Monetary Shocks and Global Stock Prices

IMF Working Paper No. 10/278
Number of pages: 29 Posted: 01 Feb 2011
Luc Laeven and Hui Tong
European Central Bank (ECB) and International Monetary Fund (IMF)
Downloads 69 (333,976)

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Corporate sector, Cross country analysis, Economic models, Interest rate policy, International capital markets, Monetary policy, Monetary transmission mechanism, Stock prices, United States

U.S. Monetary Shocks and Global Stock Prices

CEPR Discussion Paper No. DP8090
Number of pages: 39 Posted: 29 Nov 2010
Luc Laeven and Hui Tong
European Central Bank (ECB) and International Monetary Fund (IMF)
Downloads 2 (666,657)
Citation 1
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asset allocation, asset prices, financial constraints, monetary policy, monetary transmission

15.

Is China's FDI Coming at the Expense of Other Countries?

NBER Working Paper No. w11335
Number of pages: 38 Posted: 15 Jun 2005
Barry Eichengreen and Hui Tong
University of California, Berkeley and International Monetary Fund (IMF)
Downloads 68 (332,785)
Citation 2

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16.

How Does Post-Crisis Bank Capital Adequacy Affect Firm Investment?

IMF Working Paper No. 15/145
Number of pages: 27 Posted: 21 Jul 2015
Yangfan Sun and Hui Tong
International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF)
Downloads 54 (373,318)

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Banking sector, Bank capital, Capital adequacy, Corporate sector, Investment, Bank Capital Adequacy, Firm Investment, banks, credit, loans, tier 1 capital, risk, lending, nonperforming loans, finance

17.

From the Financial Crisis to the Real Economy: Using Firm-Level Data to Identify Transmission Channels

NBER Working Paper No. w17360
Number of pages: 46 Posted: 29 Aug 2011 Last Revised: 10 Nov 2013
Bank for International Settlements (BIS), International Monetary Fund (IMF) and Columbia Business School - Finance and Economics
Downloads 47 (396,534)
Citation 1

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Institutional Weakness and Stock Price Volatility

NBER Working Paper No. w12127
Number of pages: 28 Posted: 15 May 2006 Last Revised: 22 Aug 2010
Galina Hale, Assaf Razin and Hui Tong
Federal Reserve Bank of San Francisco, Tel Aviv University - Eitan Berglas School of Economics and International Monetary Fund (IMF)
Downloads 38 (439,758)

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Institutional Weakness and Stock Price Volatility

CEPR Discussion Paper No. 5651
Number of pages: 36 Posted: 27 Jul 2006
Assaf Razin, Galina Hale and Hui Tong
Tel Aviv University - Eitan Berglas School of Economics, Federal Reserve Bank of San Francisco and International Monetary Fund (IMF)
Downloads 9 (610,522)
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Credit guarantees, credit constraints, credit growth volatility, stock price volatility

19.

The Impact of Creditor Protection on Stock Prices in the Presence of Liquidity Crises: Theory and Cross-Country Evidence

CESifo Working Paper Series No. 3765
Number of pages: 32 Posted: 04 Apr 2012
Galina Hale, Assaf Razin and Hui Tong
Federal Reserve Bank of San Francisco, Tel Aviv University - Eitan Berglas School of Economics and International Monetary Fund (IMF)
Downloads 40 (422,191)

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liquidity crisis, creditor protection, stock volatility, credit crunch

Bilateral FDI Flows: Threshold Barriers and Productivity Shocks

NBER Working Paper No. w11639
Number of pages: 42 Posted: 24 Nov 2005 Last Revised: 26 Jul 2009
Assaf Razin, Efraim Sadka and Hui Tong
Tel Aviv University - Eitan Berglas School of Economics, Tel Aviv University - Eitan Berglas School of Economics and International Monetary Fund (IMF)
Downloads 35 (452,932)

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Bilateral FDI Flows: Threshold Barriers and Productivity Shocks

CESifo Economic Studies, Vol. 54, Issue 3, pp. 451-470, 2008
Posted: 01 Sep 2008
Assaf Razin, Efraim Sadka and Hui Tong
Tel Aviv University - Eitan Berglas School of Economics, Tel Aviv University - Eitan Berglas School of Economics and International Monetary Fund (IMF)

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FDI, productivity, threshold barriers

The Impact of Creditor Protection on Stock Prices in the Presence of Credit Crunches

CESifo Working Paper Series, No. 3440
Number of pages: 29 Posted: 19 May 2011
Galina Hale, Assaf Razin and Hui Tong
Federal Reserve Bank of San Francisco, Tel Aviv University - Eitan Berglas School of Economics and International Monetary Fund (IMF)
Downloads 25 (505,534)

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liquidity crisis, creditor protection, stock volatility, credit crunch

The Impact of Creditor Protection on Stock Prices in the Presence of Credit Crunches

CEPR Discussion Paper No. DP7357
Number of pages: 30 Posted: 26 Aug 2009
Galina Hale, Assaf Razin and Hui Tong
Federal Reserve Bank of San Francisco, Tel Aviv University - Eitan Berglas School of Economics and International Monetary Fund (IMF)
Downloads 3 (655,468)
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credit crunch, Tobin Q

22.

Liquidity, Institutional Quality and the Composition of International Equity Outflows

NBER Working Paper No. w13723
Number of pages: 42 Posted: 30 Jan 2008 Last Revised: 02 Jul 2010
Itay Goldstein, Assaf Razin and Hui Tong
University of Pennsylvania - The Wharton School - Finance Department, Tel Aviv University - Eitan Berglas School of Economics and International Monetary Fund (IMF)
Downloads 28 (474,750)

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Credit Constraints and Stock Price Volatility

NBER Working Paper No. w13089
Number of pages: 31 Posted: 27 Jun 2007 Last Revised: 12 Jul 2007
Galina Hale, Assaf Razin and Hui Tong
Federal Reserve Bank of San Francisco, Tel Aviv University - Eitan Berglas School of Economics and International Monetary Fund (IMF)
Downloads 25 (505,534)

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Credit Constraints and Stock Price Volatility

CEPR Discussion Paper No. DP6310
Number of pages: 33 Posted: 28 May 2008
Galina Hale, Assaf Razin and Hui Tong
Federal Reserve Bank of San Francisco, Tel Aviv University - Eitan Berglas School of Economics and International Monetary Fund (IMF)
Downloads 1 (681,101)
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Binding credit constraints, liquidity crises, Tobin-q investment model

24.

Liquidity, Institutional Quality and the Composition of International Equity Flows

NBER Working Paper No. w15727
Number of pages: 37 Posted: 08 Feb 2010
Itay Goldstein, Assaf Razin and Hui Tong
University of Pennsylvania - The Wharton School - Finance Department, Tel Aviv University - Eitan Berglas School of Economics and International Monetary Fund (IMF)
Downloads 21 (513,421)

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Does Trade Globalization Induce or Inhibit Corporate Transparency? Unbundling the Growth Potential and Product Market Competition Channels

NBER Working Paper No. w17631
Number of pages: 57 Posted: 03 Dec 2011 Last Revised: 10 Jul 2014
Hui Tong and Shang-Jin Wei
International Monetary Fund (IMF) and Columbia Business School - Finance and Economics
Downloads 16 (562,944)

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Does Trade Globalization Induce or Inhibit Corporate Transparency? Unbundling the Growth Potential and Product Market Competition Channels

CEPR Discussion Paper No. DP8836
Number of pages: 59 Posted: 01 Mar 2012
Hui Tong and Shang-Jin Wei
International Monetary Fund (IMF) and Columbia Business School - Finance and Economics
Downloads 1 (681,101)
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disclosure, globalization, trade liberalisation, transparency

26.

The Impact of Credit Protection on Stock Prices in the Presence of Credit Crunches

NBER Working Paper No. w15141
Number of pages: 28 Posted: 21 Jul 2009 Last Revised: 06 Aug 2009
Galina Hale, Assaf Razin and Hui Tong
Federal Reserve Bank of San Francisco, Tel Aviv University - Eitan Berglas School of Economics and International Monetary Fund (IMF)
Downloads 11 (572,836)

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27.

The Misfortune of Non-Financial Firms in a Financial Crisis: Disentangling Finance and Demand Shocks

CEPR Discussion Paper No. DP7208
Number of pages: 38 Posted: 07 Apr 2009
Hui Tong and Shang-Jin Wei
International Monetary Fund (IMF) and Columbia Business School - Finance and Economics
Downloads 6 (604,756)
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demand shock, financial crisis, liquidity constraint

28.

Creditor Protection, Contagion, and Stock Market Price Volatility

CEPR Discussion Paper No. DP6658
Number of pages: 39 Posted: 05 Jun 2008
Galina Hale, Assaf Razin and Hui Tong
Federal Reserve Bank of San Francisco, Tel Aviv University - Eitan Berglas School of Economics and International Monetary Fund (IMF)
Downloads 4 (618,334)
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Credit crunch, Probit estimation, Tobin-q

29.

Creditor Protection and Stock Price Volatility

CEPR Discussion Paper No. DP6540
Number of pages: 37 Posted: 05 Jun 2008
Galina Hale, Assaf Razin and Hui Tong
Federal Reserve Bank of San Francisco, Tel Aviv University - Eitan Berglas School of Economics and International Monetary Fund (IMF)
Downloads 2 (636,219)
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collateral, Credit constrained regimes, probability of liquidity crisis

30.

Debt and Currency Crises - Complements or Substitutes?

Review of International Economics, Vol. 16, Issue 5, pp. 955-970, November 2008
Number of pages: 16 Posted: 03 Nov 2008
Bernhard Herz and Hui Tong
University of Bayreuth and International Monetary Fund (IMF)
Downloads 1 (648,804)
Citation 1
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31.

Stock Prices in the Presence of Liquidity Crises: The Effect of Creditor Protection

Economica, Vol. 81, Issue 322, pp. 329-347, 2014
Number of pages: 19 Posted: 13 Mar 2014
Galina Hale, Assaf Razin and Hui Tong
Federal Reserve Bank of San Francisco, Tel Aviv University - Eitan Berglas School of Economics and International Monetary Fund (IMF)
Downloads 0 (666,709)
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32.

Disclosure Standards and Market Efficiency: Evidence from Analysts' Forecasts

AFA 2005 Philadelphia Meetings
Posted: 30 Dec 2004
Hui Tong
International Monetary Fund (IMF)

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