Hong Kong Institute for Monetary and Financial Research

Hong Kong Institute for Monetary and Financial Research

Units 1005-1011, 10th Floor, One Pacific Place

88 Queensway

Hong Kong

China

  • Hong Kong Institute for Monetary and Financial Research

SCHOLARLY PAPERS

354

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Scholarly Papers (354)

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1.

Financial Innovation: The Bright and the Dark Sides

Downloads 363 ( 13,304)
Citation 19

Financial Innovation: The Bright and the Dark Sides

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 05/2012
Number of pages: 52 Posted: 06 Mar 2012 Last Revised: 25 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 363 (115,473)
Citation 24

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Financial Innovation, Financial R&D Intensity, Bank Risk Taking, Financial Crisis, Industrial Growth, Finance and Growth

2.

Financial Flexibility and Corporate Cash Policy

Downloads 648 ( 17,595)
Citation 6

Financial Flexibility and Corporate Cash Policy

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 05/2017
Number of pages: 57 Posted: 22 Mar 2017 Last Revised: 08 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 648 (57,131)
Citation 7

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Financial Flexibility, Collateral Value, Cash Policy, Real Estate Prices

3.

Tunneling, Propping, and Expropriation: Evidence from Connected Party Transactions in Hong Kong

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Citation 33

Tunneling, Propping, and Expropriation: Evidence from Connected Party Transactions in Hong Kong

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 09/2004, EFA 2004 MAASTRICHT Conference Paper, Journal of Financial Economics (JFE), Vol. 82, No. 2, 2006
Number of pages: 45 Posted: 23 Aug 2007 Last Revised: 03 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 1,483 (17,690)
Citation 37

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International corporate governance, Legal systems, Expropriation, Connected transactions, Pyramids, Tunneling, Propping

4.

Chinese Shadow Banking: Bank-Centric Misperceptions

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 22/2014
Number of pages: 40 Posted: 13 Sep 2014 Last Revised: 01 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 1,405 (19,543)
Citation 13

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5.

How Important are Foreign Ownership Linkages for International Stock Returns?

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Citation 19

How Important are Foreign Ownership Linkages for International Stock Returns?

Review of Financial Studies, Vol. 28 (11), November 2015, 3036–3072., Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 12/2012, WBS Finance Group Research Paper No. 181
Number of pages: 61 Posted: 31 May 2012 Last Revised: 25 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 133 (297,802)
Citation 12

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Institutional Ownership, Asset Management, Portfolio Diversification, International Finance, Comovement

6.

What Makes the VIX Tick?

Downloads 185 ( 24,097)
Citation 2

What Makes the VIX Tick?

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 22/2012
Number of pages: 61 Posted: 03 Nov 2012 Last Revised: 26 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 185 (226,569)

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VIX, implied volatility, volatility risk premium, macroeconomic news, policy uncertainty

7.

Does the Tail Wag the Dog? The Effect of Credit Default Swaps on Credit Risk

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Citation 41

Does the Tail Wag the Dog? The Effect of Credit Default Swaps on Credit Risk

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 29/2012, WBS Finance Group Research Paper No. 195
Number of pages: 68 Posted: 22 Dec 2012 Last Revised: 28 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 466 (86,458)
Citation 8

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Credit Default Swaps, Credit Risk, Bankruptcy, Empty Creditor

8.

Empirical Exchange Rate Models of the Nineties: Are Any Fit to Survive?

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Citation 178

Empirical Exchange Rate Models of the Nineties: Are Any Fit to Survive?

UC Santa Cruz Economics Working Paper No. 521; UC Santa Cruz International Economics Working Paper No. 02-16, Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 12/2005, Journal of International Money and Finance, Vol. 24, No. 7, 2005
Number of pages: 30 Posted: 09 Feb 2004 Last Revised: 08 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 796 (43,555)
Citation 8

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exchange rates, monetary model, productivity, interest rate parity, behavioral equilibrium exchange rate model, forecasting performance

9.

Banking and Currency Crises: How Common are the Twins?

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 01/2000, R. Glick, R. Moreno and M.N. Spiegel, eds., Financial Crises in Emerging Markets, Chapter 2, pp. 35-69, Cambridge University Press, 2001
Number of pages: 31 Posted: 28 Aug 2007 Last Revised: 19 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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10.

Monetary Policy Transmission in China: A DSGE Model with Parallel Shadow Banking and Interest Rate Control

Downloads 136 ( 42,709)
Citation 5

Monetary Policy Transmission in China: A DSGE Model with Parallel Shadow Banking and Interest Rate Control

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 12/2015
Number of pages: 48 Posted: 12 May 2015 Last Revised: 03 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 136 (292,807)
Citation 3

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DSGE Model, Monetary Policy, Financial Market Reform, Shadow Banking, China

11.

Momentum Trading, Mean Reversal and Overreaction in Chinese Stock Market

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 23/2004, Journal of Empirical Finance, Vol. 13, No. 1, 2006
Number of pages: 23 Posted: 23 Aug 2007 Last Revised: 03 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 755 (47,369)
Citation 5

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Chinese Stocks, Mean Reversal, Momentum, Overreaction

12.

Securitization Rating Performance and Agency Incentives

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Securitization Rating Performance and Agency Incentives

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 18/2011
Number of pages: 52 Posted: 28 Jun 2011 Last Revised: 21 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 274 (155,689)

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asset-backed security, credit rating agency, collateralized debt obligation, economic downturn, fee revenue, forecasting, Global Financial Crisis, home equity loans, impairment, mortgage-backed security, rating, securitization

13.

Déjà Vu All Over Again: Agency, Uncertainty, Leverage and the Panic of 1857

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 10/2012
Number of pages: 56 Posted: 19 Apr 2012 Last Revised: 25 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 6

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14.

Regulatory Arbitrage and International Bank Flows

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Citation 46

Regulatory Arbitrage and International Bank Flows

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 15/2012, the Journal of Finance, Volume 67, Issue 5, October 2012, Pages: 1845–1895
Number of pages: 56 Posted: 31 May 2012 Last Revised: 25 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 75 (435,806)
Citation 38

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15.

Bank Lending and Property Prices: Some International Evidence

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 22/2003
Number of pages: 20 Posted: 23 Aug 2007 Last Revised: 01 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 38

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16.

Effects of Liquidity on the Nondefault Component of Corporate Yield Spreads: Evidence from Intraday Transactions Data

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Citation 23

Effects of Liquidity on the Nondefault Component of Corporate Yield Spreads: Evidence from Intraday Transactions Data

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 02/2011, The Quarterly Journal of Finance, Volume 6, Issue 3, March 2016, 1650012
Number of pages: 49 Posted: 30 Jan 2011 Last Revised: 21 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 64 (474,663)
Citation 3

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Corporate Bond Yield Spreads, Credit Default Swaps, Liquidity, CDS-Bond Basis

17.

Price Setting and Exchange Rate Pass-Through: Theory and Evidence

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 22/2002, Price Adjustment and Monetary Policy, Bank of Canada, 2003 (Online available http://www.bankofcanada.ca/en/topic/top-exc.html)
Number of pages: 25 Posted: 28 Aug 2007 Last Revised: 26 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 657 (56,845)
Citation 1

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18.

Equity Valuation in Mainland China and Hong Kong: The Chinese A-H Share Premium

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 14/2005
Number of pages: 31 Posted: 22 Aug 2007 Last Revised: 08 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 647 (57,990)
Citation 3

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A-H share premium, China, Hong Kong

19.

Deflation, Credit and Asset Prices

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 13/2003, Deflation: Current and Historical Perspective, Edited by Richard Burdekin and Pierre Siklos, Cambridge University Press
Number of pages: 26 Posted: 27 Aug 2007 Last Revised: 01 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 617 (61,607)
Citation 12

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20.

Give Credit Where Credit is Due: Tracing Value Added in Global Production Chains

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Citation 18

Give Credit Where Credit is Due: Tracing Value Added in Global Production Chains

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 31/2011
Number of pages: 38 Posted: 26 Oct 2011 Last Revised: 21 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 377 (110,626)
Citation 25

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21.

Renminbi Going Global

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 08/2011, China & World Economy, Volume 19, Issue 2, pages 1–18, March-April 2011
Number of pages: 27 Posted: 29 Mar 2011 Last Revised: 20 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 520 (76,396)
Citation 3

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RMB Internationalization, Off-Shore RMB Market, Cross-Border Trade Settlement, Panda Bonds

22.

Do Investors Really Value Corporate Governance? Evidence from the Hong Kong Market

Downloads 482 ( 77,322)
Citation 25

Do Investors Really Value Corporate Governance? Evidence from the Hong Kong Market

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 22/2005, Journal of International Financial Management and Accounting 18, no. 2 (2007): 86-122
Number of pages: 38 Posted: 23 Dec 2006 Last Revised: 08 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 482 (82,994)
Citation 3

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Corporate governance, firm profitability, Hong Kong

23.

After the Crisis, the East Asian Dollar Standard Resurrected: An Interpretation of High Frequency Exchange Rate Pegging

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 04/2001, J. Stiglitz and S. Yusuf, eds., Rethinking the East Asian Miracle, World Bank and Oxford University Press, 2001, pp. 197-246
Number of pages: 39 Posted: 28 Aug 2007 Last Revised: 20 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 29

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24.

Competition and Bank Opacity

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Citation 21

Competition and Bank Opacity

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 05/2016
Number of pages: 48 Posted: 26 Apr 2016 Last Revised: 05 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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25.

A Macro-Finance Approach to Exchange Rate Determination

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Citation 3

A Macro-Finance Approach to Exchange Rate Determination

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 01/2011
Number of pages: 49 Posted: 30 Jan 2011 Last Revised: 20 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 155 (263,678)

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Exchange Rate, Term Structure, Latent Factors, Term Premiums

26.

Exchange Rates and Monetary Policy in Emerging Market Economies

Downloads 414 ( 91,119)
Citation 47

Exchange Rates and Monetary Policy in Emerging Market Economies

IIIS Discussion Paper No. 36, Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 07/2000, The Economic Journal, 2006, 116(511): 478-506
Number of pages: 59 Posted: 08 Jun 2005 Last Revised: 20 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 414 (99,270)
Citation 55

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Monetary policy, exchange rate pass-through, balance sheet constraints

27.

The Impact of Macroeconomic and Regulatory Factors on Bank Efficiency: A Non-Parametric Analysis of Hong Kong's Banking System

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 01/2005, Journal of Banking and Finance, Vol. 30, No. 5, 2006
Number of pages: 30 Posted: 23 Aug 2007 Last Revised: 05 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 432 (95,318)

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Data Envelopment Analysis, Slacks Adjustment, Hong Kong Banks, Efficiency, Regulation and Environmental Variables

28.

China, Hong Kong, and Taiwan: A Quantitative Assessment of Real and Financial Integration

Downloads 62 ( 96,907)
Citation 9

China, Hong Kong, and Taiwan: A Quantitative Assessment of Real and Financial Integration

China Economic Review, 2003, Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 15/2003
Number of pages: 30 Posted: 27 Aug 2007 Last Revised: 01 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 62 (482,427)

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uncovered interest parity, real interest parity, purchasing power parity, exchange rates, capital mobility, market integration

29.

Hong Kong, Singapore and the East Asian Crisis: How Important Were Trade Spillovers?

Downloads 400 ( 97,159)
Citation 7

Hong Kong, Singapore and the East Asian Crisis: How Important Were Trade Spillovers?

CIES Discussion Paper No. 0042, Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 14/2002, The World Economy, 25(4), 2002
Number of pages: 35 Posted: 08 Dec 2000 Last Revised: 26 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 400 (103,328)
Citation 7

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Competition, Complementarity, Contagion, Crisis, East Asia, Hong Kong, Singapore

30.

The Domestic Segment of Global Supply Chains in China Under State Capitalism

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Citation 6

The Domestic Segment of Global Supply Chains in China Under State Capitalism

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 05/2015
Number of pages: 64 Posted: 17 Feb 2015 Last Revised: 02 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 97 (372,511)
Citation 3

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Value-Added Trade, Global Supply Chain, Intra-National Trade, State Capitalism

31.

China’s Outward Direct Investment in Africa

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 13/2011, Review of International Economics, Volume 20, Issue 2, pages 201–220, May 2012
Number of pages: 38 Posted: 28 Apr 2011 Last Revised: 20 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 419 (98,733)
Citation 6

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Market Seeking, Resources Seeking, Risk, Trade Relationship, Contracted Projects, Going Global Policy, Energy Procurement

32.

Interest Rate Determination in China: Past, Present, and Future

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 04/2014
Number of pages: 28 Posted: 21 Feb 2014 Last Revised: 29 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 417 (99,249)
Citation 11

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Interest Rate, Monetary Policy, Economic Reform, Chinese Economy, The People’s Bank of China (PBC)

33.

Do We Really Know that the WTO Increases Trade?

Downloads 239 (110,133)
Citation 315

Do We Really Know that the WTO Increases Trade?

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 18/2002, American Economic Review, 2004, v94(1,Mar), 98-114
Number of pages: 38 Posted: 27 Aug 2007 Last Revised: 26 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 239 (178,532)

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empirical, bilateral, panel, gravity, GATT, GSP, international, multilateral, panel

34.

Does the Chinese Interest Rate Follow the US Interest Rate?

Downloads 7 (111,125)
Citation 12

Does the Chinese Interest Rate Follow the US Interest Rate?

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 19/2006, International Journal of Finance and Economics, 2008, 13(1): 53-67, 2008
Number of pages: 27 Posted: 08 Jun 2022 Last Revised: 09 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 7 (852,043)

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Policy Dependence, Interest Rate Interactions, Exchange Rate Regime

35.

Gradual Portfolio Adjustment: Implications for Global Equity Portfolios and Returns

Downloads 320 (112,749)
Citation 3

Gradual Portfolio Adjustment: Implications for Global Equity Portfolios and Returns

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 28/2017
Number of pages: 48 Posted: 27 Dec 2017 Last Revised: 09 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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gradual portfolio adjustment, international portfolio allocation, pre-dictable excess returns.dent banks’ domestic lending behaviour, using individual bank-level data, Focusing on financial

36.

The Implementation of Monetary Policy in China: The Interbank Market and Bank Lending

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 26/2011, International Finance Review (2013), Vol 14, pp.31-69
Number of pages: 38 Posted: 10 Sep 2011 Last Revised: 21 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 373 (112,749)
Citation 14

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Monetary Policy Implementation, Regulated Retail Interest Rates, Transmission Mechanism, Window Guidance, Bank Loans, China

37.

Breakdown of Covered Interest Parity: Mystery or Myth?

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Citation 3

Breakdown of Covered Interest Parity: Mystery or Myth?

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 25/2017
Number of pages: 50 Posted: 27 Nov 2017 Last Revised: 09 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 4

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covered interest parity, FX swap, cross-currency basis swap, basis spread, CIP deviation, Libor-OIS spread, counterparty credit risk, funding liquidity risk

38.

Predictability in Financial Markets: What do Survey Expectations Tell Us?

Downloads 318 (119,945)
Citation 77

Predictability in Financial Markets: What do Survey Expectations Tell Us?

Swiss Finance Institute Research Paper No. 06-15, Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 10/2006, Journal of International Money and Finance, Vol. 28, 2009
Number of pages: 59 Posted: 06 Oct 2006 Last Revised: 09 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 318 (133,342)
Citation 8

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excess returns, expectations survey, predictability

39.

Dual-Track Interest Rates and the Conduct of Monetary Policy in China

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Citation 12

Dual-Track Interest Rates and the Conduct of Monetary Policy in China

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 21/2011, China Economic Review, Vol. 23, No. 4, 2012
Number of pages: 56 Posted: 30 Jul 2011 Last Revised: 21 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 4

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Monetary Policy, People’s Bank of China, Dual-Track Interest Rates, Interest Rate Liberalization

40.

Risk Sharing and the Theory of Optimal Currency Areas: A Re-Examination of Mundell 1973

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 08/2000
Number of pages: 15 Posted: 28 Aug 2007 Last Revised: 20 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 343 (123,774)
Citation 9

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41.

Ownership Concentration and Executive Compensation in Closely Held Firms: Evidence from Hong Kong

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 14/2003, Journal of Empirical Finance, Vol. 12, No. 4, 2005
Number of pages: 53 Posted: 27 Aug 2007 Last Revised: 01 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 331 (128,653)
Citation 6

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ownership structure, executive compensation, corporate governance

42.

Measuring the On-Going Changes in China's Capital Flow Management: A De Jure and a Hybrid Index Data Set

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Citation 5

Measuring the On-Going Changes in China's Capital Flow Management: A De Jure and a Hybrid Index Data Set

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 11/2015, China Economic Review, Vol. 38, No. Pages 167-182, 2016
Number of pages: 28 Posted: 12 May 2015 Last Revised: 03 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 109 (344,420)
Citation 6

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Capital Flows, China’s Capital Controls, De Jure Index, Hybrid Index

43.

The Overvaluation of Renminbi Undervaluation

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Citation 76

The Overvaluation of Renminbi Undervaluation

Journal of International Money and Finance, Vol. 26, No. 5, 2007, Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 11/2007
Number of pages: 37 Posted: 09 Jun 2022
Hong Kong Institute for Monetary and Financial Research, Yin-Wong Cheung, Menzie David Chinn, Eiji Fujii and Eiji Fujii
Hong Kong Institute for Monetary and Financial Research, University of California, Santa Cruz - Department of Economics, University of Wisconsin, Madison - Robert M. La Follette School of Public Affairs and Department of Economics and CESifo (Center for Economic Studies and Ifo Institute)Kwansei Gakuin University - School of Economics
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absolute purchasing power parity, exchange rates, real income, capital controls, currency misalignment.

44.

Why Doesn't Asia Have Bigger Bond Markets?

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Citation 8

Why Doesn't Asia Have Bigger Bond Markets?

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 24/2004, Asian bond markets: issues and prospects 11/2006 pg.40-77
Number of pages: 35 Posted: 23 Aug 2007 Last Revised: 03 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 243 (175,566)
Citation 5

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bond markets, financial development

45.

An Empirical Model of Daily Highs and Lows

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Citation 1

An Empirical Model of Daily Highs and Lows

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 07/2006, International Journal of Finance and Economics, 12, 2007, pp. 1-20, 2007
Number of pages: 33 Posted: 08 Jun 2022 Last Revised: 09 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 25 (683,278)

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High, Low Open, Close, Trading Volume, VECM Model

46.

Innovation, Diffusion, and Trade: Theory and Measurement

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Citation 12

Innovation, Diffusion, and Trade: Theory and Measurement

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 19/2012
Number of pages: 49 Posted: 20 Jul 2012 Last Revised: 26 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 2

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47.

Credit Default Swaps and Bank Regulatory Capital

Review of Finance, forthcoming, Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 20/2017
Number of pages: 50 Posted: 20 Sep 2017 Last Revised: 09 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 303 (141,135)
Citation 9

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Credit default swaps, CDS, Capital relief, RWA ratio, Bank risk-taking

48.

Exchange Rates and Markov Switching Dynamics

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Citation 1

Exchange Rates and Markov Switching Dynamics

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 05/2005, Journal of Business and Economic Statistics, 23, 2005, pp. 314-320, 2005
Number of pages: 19 Posted: 08 Jun 2022 Last Revised: 05 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 4 (886,642)

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Exchange Rate Dynamics, Regime Switching, Monte Carlo Test, Sampling Frequency

49.

Banking Deregulation and Macroeconomic Impact in China: A Theoretical Analysis and Implications of Wto Accession to the Mainland and Hong Kong

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 08/2002, Economic Research Journal, 6, 2002
Number of pages: 44 Posted: 27 Aug 2007 Last Revised: 26 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 296 (144,569)
Citation 2

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banking competition, WTO, China, Hong Kong

50.

Does Bank Monitoring Matter to Bondholders?

Downloads 178 (147,755)
Citation 1

Does Bank Monitoring Matter to Bondholders?

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 16/2014
Number of pages: 39 Posted: 22 Jul 2014
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 178 (234,306)
Citation 2

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Loan Contracting, Bond Market Returns, Cross Monitoring

51.

How Would Capital Account Liberalisation Affect China’s Capital Flows and the Renminbi Real Exchange Rates?

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 09/2012, China & World Economy, 2012, Volume 20, Issue 6, pages 29–54. http://onlinelibrary.wiley.com/doi/10.1111/j.1749-124X.2012.12001.x/abstract
Number of pages: 32 Posted: 19 Apr 2012 Last Revised: 25 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 7

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Capital Account Liberalisation, Net Foreign Asset Position, Exchange Rates

52.

Corporate Leverage in China: Why Has It Increased Fast in Recent Years and Where Do the Risks Lie?

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 10/2015
Number of pages: 24 Posted: 22 Apr 2015 Last Revised: 02 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 7

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53.

Bank Lending and Property Prices in Hong Kong

Downloads 249 (154,153)
Citation 74

Bank Lending and Property Prices in Hong Kong

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 12/2003, Journal of Banking and Finance, Vol. 29, No. 2, 2005
Number of pages: 24 Posted: 27 Aug 2007 Last Revised: 01 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 249 (171,472)
Citation 13

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Property prices, bank lending, Hong Kong

54.

Unconventional Monetary Policy Shocks and the Spillovers to Emerging Markets

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 18/2014
Number of pages: 29 Posted: 08 Aug 2014
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 31

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Qual VAR, Unconventional Monetary Policy, Emerging Markets, Spillovers, LSAP

55.

Geopolitics, Global Patterns of Oil Trade, and China’s Oil Security Quest

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 32/2011
Number of pages: 29 Posted: 26 Oct 2011 Last Revised: 22 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Energy Security, International Relations, Oil Trade Diversification

56.

Inflation Targeting in Emerging Market and Transition Economies: Lessons after a Decade

Downloads 218 (163,037)
Citation 31

Inflation Targeting in Emerging Market and Transition Economies: Lessons after a Decade

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 13/2001, European Economic Review, Vol. 46, No. 4-5, 2002
Number of pages: 11 Posted: 04 Sep 2007 Last Revised: 26 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 218 (195,161)
Citation 4

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Inflation targeting, central banks, monetary policy

57.

Financial Crisis, Unconventional Monetary Policy and International Spillovers

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 23/2014
Number of pages: 122 Posted: 19 Sep 2014 Last Revised: 01 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 262 (163,679)
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Announcement Effects, Emerging Economies, Financial Markets, Global VECM, International Spillovers, Quantitative Easing, Unconventional Monetary Policy

58.

Risk Management and Managerial Efficiency in Chinese Banks: A Network DEA Framework

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 10/2011, Omega: The International Journal of Management Science, 41 (2013), 207-215
Number of pages: 37 Posted: 30 Mar 2011 Last Revised: 20 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Risk Management, Risk Organisation, Managerial Efficiency, Network DEA

59.

Risk-Adjusted Covered Interest Parity: Theory and Evidence

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 16/2016
Number of pages: 25 Posted: 06 Sep 2016 Last Revised: 05 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 8

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covered interest parity, CIP deviation, forward rate, exchange rate, Libor-OIS spread, counterparty credit risk, liquidity funding risk, FX swap

60.

Anchoring and Loss Aversion in the Housing Market: Implications on Price Dynamics

Downloads 81 (169,450)
Citation 6

Anchoring and Loss Aversion Explain the Predictability in the Housing Market?

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 28/2011, Pacific Economic Review, Volume 18, Issue 1, pages 41–59, February 2013
Number of pages: 29 Posted: 28 Sep 2011 Last Revised: 21 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 7

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Price Dispersion, Anchoring, Loss Aversion, Housing Market

61.

The Suitability of a Greater China Currency Union

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Citation 5

The Suitability of a Greater China Currency Union

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 12/2004, Pacific Economic Review, 10, 2005, pp. 83-103, 2005
Number of pages: 29 Posted: 08 Jun 2022 Last Revised: 03 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Greater China, Trade and Investment, Common Stochastic Trend, Synchronized and Non-Synchronized Business Cycles, Output Losses, Exchange Rate Regime

62.

Offshore Investment Funds: Monsters in Emerging Markets?

Downloads 187 (172,712)
Citation 21

Offshore Investment Funds: Monsters in Emerging Markets?

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 05/2001, Journal of Development Economics, Vol. 68, No. 1, 2002
Number of pages: 31 Posted: 27 Aug 2007 Last Revised: 20 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 187 (224,432)

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offshore funds, foreign investment, crisis, feedback trading, herding

63.

The Full Convertibility of Renminbi: Sequencing and Influence

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 09/2002, Financial Opening and Macroeconomic Stability, eds. by S. Liu, Z Zhao, and Y Ma, Beijing: Social Sciences Documentation Publishing House, Aug 2004, in both English and Chinese
Number of pages: 45 Posted: 27 Aug 2007 Last Revised: 26 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 4

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convertibility of Renminbi, WTO, China, Hong Kong

64.

Government without Statistics: Policy-Making in Hong Kong 1925-85, with Special Reference to Economic and Financial Management

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 06/2006
Number of pages: 28 Posted: 20 Aug 2007 Last Revised: 09 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 2

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laisser faire, census, balance of payments, national income, labour, housing, banking, regulation, Hong Kong, China, United Kingdom

65.

Order Imbalance and the Pricing of Index Futures

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 13/2006, Journal of Futures Markets, Volume 27, Issue 7, Date: July 2007, Pages: 697-717
Number of pages: 24 Posted: 23 Aug 2007 Last Revised: 09 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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66.

Interactions between CNY and CNH Money and Forward Exchange Markets

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 13/2014
Number of pages: 36 Posted: 12 Jun 2014 Last Revised: 29 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 8

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Eurodollar, Renminbi, Deliverable Forward Market, Offshore Markets, Regulation Q, Capital Control, Multivariate GARCH, Price Discovery

67.

Trends and Cycles in China's Macroeconomy

Downloads 67 (184,880)
Citation 30

Trends and Cycles in China's Macroeconomy

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 12/2018
Number of pages: 76 Posted: 11 May 2018 Last Revised: 12 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 67 (463,396)
Citation 6

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Reallocation, between-sector effect, TFP growth, heavy vs. light sectors, long-term vs. short-term loans, labor share, lending frictions, incentive compatibility

68.

What Drives Commodity Price Booms and Busts?

Downloads 73 (187,157)
Citation 11

What Drives Commodity Price Booms and Busts?

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 23/2018
Number of pages: 45 Posted: 04 Nov 2018 Last Revised: 12 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 73 (442,419)
Citation 8

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Commodity prices, natural resources, structural VAR

69.

How Different are FDI and FPI Flows?: Does Distance Alter the Composition of Capital Flows?

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 09/2011, (Published in Journal of Economic Integration, Volume 26, Issue 3, September 2011, Pages 499-525. New title: "How Different are FDI and FPI Flows?: Distance and Capital Market Integration")
Number of pages: 32 Posted: 30 Mar 2011 Last Revised: 22 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 5

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Distance, Foreign Direct Investment (FDI), Foreign Portfolio Investment (FPI), Gravity, Mergers and Acquisitions (M&As)

70.

Why Do Firms Issue Bonds in the Offshore Market? Evidence from China

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 19/2017
Number of pages: 56 Posted: 21 Sep 2017 Last Revised: 09 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Offshore Financing, Bonding Hypothesis, Signalling Effect, China’s Corporate Bond Market

71.

Sovereign Credit Ratings, Transparency and International Portfolio Flows

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 12/2014, Vanderbilt Owen Graduate School of Management Research Paper No. 2445765
Number of pages: 56 Posted: 05 Jun 2014 Last Revised: 29 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 220 (193,693)
Citation 11

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Asymmetric Effects, Portfolio Flows, Sovereign Rating Agencies

72.

The Information Content of Option Implied Volatility Surrounding the 1997 Hong Kong Stock Market Crash

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 21/2005, Journal of Futures Markets, 27(6), 2007, pp. 555-574
Number of pages: 23 Posted: 06 Feb 2008 Last Revised: 08 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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73.

China’s LGFV Crisis 2011: The Conflict between Local Autonomy, National Interest and Financial Reforms

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 03/2012
Number of pages: 27 Posted: 21 Jan 2012 Last Revised: 25 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 3

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Local Government, Banks, Fiscal Autonomy, Legal and Financial Infrastructures

74.

A Portfolio Theory of International Capital Flows

Downloads 182 (198,713)
Citation 7

A Portfolio Theory of International Capital Flows

IIIS Discussion Paper No. 124, Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 11/2006
Number of pages: 31 Posted: 08 Aug 2006 Last Revised: 09 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 6

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75.

SOE and Chinese Real Business Cycle

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 02/2016
Number of pages: 63 Posted: 06 Feb 2016 Last Revised: 05 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 2

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State-owned Enterprise, real business cycle, vertical structure, financial friction, permanent shocks, Bayesian estimation

76.

Transmitting Global Liquidity to East Asia: Policy Rates, Bond Yields, Currencies and Dollar Credit

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Citation 14

Transmitting Global Liquidity to East Asia: Policy Rates, Bond Yields, Currencies and Dollar Credit

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 15/2013
Number of pages: 47 Posted: 28 Oct 2013 Last Revised: 28 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 19

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77.

The Coming Wave: Where Do Emerging Market Investors Put Their Money?

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Citation 3

The Coming Wave: Where Do Emerging Market Investors Put Their Money?

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 04/2016
Number of pages: 64 Posted: 17 Mar 2016 Last Revised: 05 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 2

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Global portfolio allocation, portfolio equity investment, institutional investors, emerging market economies

78.

Making Markets: Reforms to Strengthen Asia's Debt Capital Markets

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 13/2004
Number of pages: 55 Posted: 23 Aug 2007 Last Revised: 03 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 6

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79.

International Asset Allocations and Capital Flows: The Benchmark Effect

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Citation 22

International Asset Allocations and Capital Flows: The Benchmark Effect

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 04/2015
Number of pages: 67 Posted: 17 Feb 2015 Last Revised: 02 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 21

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Benchmark Indexes, Contagion, Coordination Mechanism, ETFs, International Asset Prices, International Portfolio Flows, Mutual Funds

80.

Effects of Monetary Policy Shocks on Exchange Rate in Emerging Countries

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 19/2016
Number of pages: 30 Posted: 17 Jan 2017 Last Revised: 05 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 1

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VAR, Monetary Policy Shocks, Exchange Rate, UIP Condition, Delayed Overshooting

81.

Carry Trades and the Performance of Currency Hedge Funds

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 03/2013, Journal of International Money and Finance, Volume 33, March 2013, Pages 407-425
Number of pages: 35 Posted: 18 Jan 2013 Last Revised: 28 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 1

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Hedge Funds, Foreign Exchange, Asset Allocation, Funds Performance Evaluation

82.

Hong Kong's Exchange Rate Regimes in the Twentieth Century: The Story of Three Regime Changes

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 17/2004
Number of pages: 44 Posted: 23 Aug 2007 Last Revised: 03 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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83.

The Foreign Exchange Origins of Japan's Economic Slump and Low Interest Liquidity Trap

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 05/2000, The World Economy, 24(3), 2001, pp. 279-315
Number of pages: 37 Posted: 28 Aug 2007 Last Revised: 20 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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84.

A Currency Board Model of Hong Kong

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 01/2002
Number of pages: 29 Posted: 23 Aug 2007 Last Revised: 26 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 6

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currency board, stochastic simulation, certainty equivalence, Hong Kong

85.

The Great Retrenchment: International Capital Flows During the Global Financial Crisis

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 38/2011
Number of pages: 53 Posted: 01 Jan 2012 Last Revised: 22 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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86.

The Chinese Economies in Global Context: The Integration Process and its Determinants

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Citation 5

The Chinese Economies in Global Context: The Integration Process and its Determinants

UC Santa Cruz International Economics Working Paper No. 03-16; UC Santa Cruz Economics Working Paper No. 552, Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 07/2005, Journal of Japanese and International Economies, Vol. 20, No. 1, 2006
Number of pages: 32 Posted: 12 Nov 2003 Last Revised: 05 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 153 (266,455)

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uncovered interest parity, real interest parity, purchasing power parity, exchange rates, capital mobility, market integration

87.

The Renminbi Central Parity: An Empirical Investigation

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Citation 4

The Renminbi Central Parity: An Empirical Investigation

Pacific Economic Review, Volume 23, Issue 2, Pages 164-183, May 2018, Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 10/2016
Number of pages: 33 Posted: 20 Jun 2016 Last Revised: 05 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 6

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

88.

Central Bank Governance: Common Elements or Different Models?

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 20/2003
Number of pages: 44 Posted: 23 Aug 2007 Last Revised: 01 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Central bank governance, corporate governance, monetary policy independence, credibility, transparency, accountability, Australia, New Zealand, Hong Kong, Singapore, inflation targeting, exchange rate targeting, currency board

89.

Nowcasting Chinese GDP: Information Content of Economic and Financial Data

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 04/2011, China Economic Journal, 2010, Volume 3, Issue 3, Pages 223 – 240
Number of pages: 26 Posted: 28 Feb 2011 Last Revised: 20 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 4

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Large Data Set, Pseudo Real Time Estimates, Factor Model, Kalman Filtering, Nowcasting, Information Content

90.

Consumption Response to Minimum Wages: Evidence from Chinese Households

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The Consumption Response to Minimum Wages: Evidence from Chinese Households

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 24/2017
Number of pages: 53 Posted: 27 Nov 2017 Last Revised: 09 Aug 2022
Yi Huang and Hong Kong Institute for Monetary and Financial Research
Graduate Institute of International and CEPR and Hong Kong Institute for Monetary and Financial Research
Downloads 46 (553,229)

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Minimum wages; Labor income; Household consumption; Permanent income hypothesis

91.

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

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 03/2014, International Real Estate Review, Vol.19(1), (Spring 2016), pages 121-150
Number of pages: 32 Posted: 20 Feb 2014 Last Revised: 28 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 187 (224,451)
Citation 15

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

92.

Shadow Banking and Bank Capital Regulation

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 32/2014, Review of Financial Studies, Volume 28, Issue 1, January 2015, Pages 146-175
Number of pages: 39 Posted: 02 Jan 2015 Last Revised: 01 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 52

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93.

Anti-Comparative Advantage: A Puzzle in U.S.-China Bilateral Trade

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 09/2015
Number of pages: 29 Posted: 11 Apr 2015 Last Revised: 02 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 1

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94.

China: Credit, Collateral, and Commodity Prices

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 27/2015
Number of pages: 38 Posted: 30 Dec 2015 Last Revised: 05 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 1

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95.

Expenditure Switching vs. Real Exchange Rate Stabilization: Competing Objectives for Exchange Rate Policy

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Citation 8

Expenditure Switching vs. Real Exchange Rate Stabilization: Competing Objectives for Exchange Rate Policy

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 08/2005, Journal of Monetary Economics, In Press, Corrected Proof, Available online 27 December 2006 Published in Journal of Monetary Economics, 2007, 54(8): 2346-2374
Number of pages: 31 Posted: 23 Aug 2007 Last Revised: 08 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 3

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96.

Funding Constraints and Market Illiquidity in the European Treasury Bond Market

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Citation 3

Funding Constraints and Market Illiquidity in the European Treasury Bond Market

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 21/2018
Number of pages: 61 Posted: 10 Oct 2018 Last Revised: 21 Jun 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Illiquidity, Asset Pricing, Identification, Heteroskedasticity

97.

China's Monetary Policy Communication: Money Markets Not Only Listen, They Also Understand

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 02/2013
Number of pages: 35 Posted: 18 Jan 2013 Last Revised: 28 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 10

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China Monetary Policy Communication, Money Market

98.

Price Cointegration between Sovereign CDS and Currency Option Markets in the Financial Crises of 2007-2013

International Review of Economics & Finance, 40 (2015) 174–190, Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 40/2011
Number of pages: 17 Posted: 01 Jan 2012 Last Revised: 22 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 1

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Sovereign Risk, Currency Options, Credit Default Swaps, Cointegration

99.

The East Asian Dollar Standard, Fear of Floating, and Original Sin

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Citation 30

The East Asian Dollar Standard, Fear of Floating, and Original Sin

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 11/2003, Review of Development Economics, Volume 8, No.3, Page 331-360, August 2004
Number of pages: 35 Posted: 27 Aug 2007 Last Revised: 01 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 26

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100.

An Output Perspective on a Northeast Asia Currency Union

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An Output Perspective on a Northeast Asia Currency Union

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 16/2005, Prospects for Monetary Unions after the Euro, 2005, Chapter 11, pp. 289-317, The MIT Press, 2005
Number of pages: 28 Posted: 08 Jun 2022 Last Revised: 08 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Common Stochastic Trend, Business Cycles, Output Losses, Exchange Rate Regime, Asian Economies

101.

Output Gaps and Inflation in Mainland China

BIS Working Paper No. 194, Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 20/2005, China Economic Review, Vol. 17, No. 2, 2006
Number of pages: 23 Posted: 20 Sep 2007 Last Revised: 08 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 6

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Output gap, Phillips curve, China, omitted variables

102.

The Macroeconomic Effects of Macroprudential Policy

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Citation 7

The Macroeconomic Effects of Macroprudential Policy

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 18/2018, Journal of International Economics,Volume 118, May 2019, Pages 263-282. New title: "The costs of macroprudential policy"
Number of pages: 48 Posted: 04 Sep 2018 Last Revised: 12 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 10

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macroprudential policy, loan-to-value ratios, local projections, narrative approach

103.

The Effectiveness of Monetary Policy in China: Evidence from a Qual VAR

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 06/2016
Number of pages: 38 Posted: 11 May 2016 Last Revised: 05 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 9

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China, monetary policy, Qual VAR, transmission mechanism, asset prices, financial stability

104.

External Shocks, Transmission Mechanisms and Deflation in Asia

BIS Working Paper No. 187, Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 06/2005, China and Asia, 1st Edition, 2008, Pages 14, eBook ISBN 9780203886397
Number of pages: 39 Posted: 20 Sep 2007 Last Revised: 05 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 172 (241,145)
Citation 11

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deflation in Asia, external shocks, mainland China

105.

Investment and Asset Growth of Asian Firms: Evidence for Financial Resilience in the Recent Financial Crisis

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 32/2012
Number of pages: 34 Posted: 22 Dec 2012 Last Revised: 28 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 170 (243,528)
Citation 3

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Internal Finance, Cash Flow, Investment, Growth, Financial Constraints

106.

The Transfer Problem Revisited: Net Foreign Assets and Real Exchange Rates

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Citation 31

The Transfer Problem Revisited: Net Foreign Assets and Real Exchange Rates

IMF Working Paper No. 00/123, Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 06/2000, Review of Economics and Statistics, Vol. 86, No. 4, 2004
Number of pages: 39 Posted: 01 Feb 2006 Last Revised: 20 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 153 (266,455)
Citation 33

Abstract:

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Real exchange rates, net foreign assets, terms of trade

107.

Capital Market Financing, Firm Growth, and Firm Size Distribution

Downloads 46 (244,724)

Capital Market Financing, Firm Growth, and Firm Size Distribution

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 17/2015
Number of pages: 48 Posted: 01 Sep 2015 Last Revised: 04 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 46 (553,229)

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Access to Finance, Bond Markets, Capital Market Development, Capital Raisings, Firm Dynamics, Firm Financing, Stock Markets

108.

Optimum Currency Area for Mainland China and Hong Kong? Empirical Tests

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 16/2002
Number of pages: 27 Posted: 27 Aug 2007 Last Revised: 26 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 169 (244,724)
Citation 3

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109.

Stock Market Integration, Return Forecastability and Implications for Market Efficiency: A Panel Study

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 11/2002
Number of pages: 29 Posted: 25 Aug 2007 Last Revised: 26 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 169 (244,724)

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110.

Fiscal Crisis Resolution: Taxation versus Inflation

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 10/2004, No.874, 2004 Meeting Papers, Society for Economic Dynamics
Number of pages: 32 Posted: 22 Aug 2007 Last Revised: 03 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 168 (245,899)
Citation 7

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111.

The Impact on IPO Performance of More Stringent Listing Rules with a Pre-Listing Earnings Requirement: Evidence from Hong Kong

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Citation 6

The Impact on IPO Performance of More Stringent Listing Rules with a Pre-Listing Earnings Requirement: Evidence from Hong Kong

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 17/2005, Journal of Business Finance and Accounting, 2006, 33, pp. 868 - 884
Number of pages: 24 Posted: 22 Aug 2007 Last Revised: 08 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 157 (260,937)

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IPO, regulatory change, Hong Kong

112.

Monetary Policy and Bank Lending in China — Evidence from Loan-Level Data

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 16/2013
Number of pages: 44 Posted: 28 Oct 2013 Last Revised: 28 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 167 (247,143)
Citation 7

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Monetary Policy, Bank Lending, The People’s Bank of China (PBC)

113.

Detecting Bubbles in the Hong Kong Residential Property Market: An Explosive-Pattern Approach

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 01/2012, Journal of Asian Economics, Vol. 28, 2013
Number of pages: 18 Posted: 21 Jan 2012 Last Revised: 22 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 14

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Asset Bubble, Residential Property Prices, Right-Tailed Unit Root Test, Explosive Behaviour, Price-To-Rent Ratio

114.

Swap Curve Dynamics in Hong Kong: An Interpretation

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 06/2004
Number of pages: 25 Posted: 22 Aug 2007 Last Revised: 02 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 166 (248,424)

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115.

Accounting for Real Exchange Rate Changes in East Asia

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 06/2001, Journal of International Money and Finance, Vol. 26, No. 8, 2007
Number of pages: 34 Posted: 13 Mar 2003 Last Revised: 20 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 166 (248,424)
Citation 5

Abstract:

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Real Exchange Rate, MSE, Decomposition

116.

Exchange Rate Pass-Through in a Small Open Economy: Panel Evidence from Hong Kong

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Citation 1

Exchange Rate Pass-Through in a Small Open Economy: Panel Evidence from Hong Kong

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 10/2001, International Journal of Finance and Economics, 8(2), 2003, pp. 99-107
Number of pages: 15 Posted: 05 Sep 2007 Last Revised: 26 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 70 (452,813)

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117.

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

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Citation 3

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

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 20/2012, Columbia Business School Research Paper No. 12/51, the book “Capitalizing China" edited by Joseph P. H. Fan and Randall Morck
Number of pages: 33 Posted: 31 Aug 2012 Last Revised: 26 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 48 (543,404)
Citation 5

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118.

Inflation Targeting in China?

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 19/2002
Number of pages: 19 Posted: 27 Aug 2007 Last Revised: 26 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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119.

To Guide or Not to Guide? Quantitative Monetary Policy Tools and Macroeconomic Dynamics in China

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Citation 5

To Guide or Not to Guide? Quantitative Monetary Policy Tools and Macroeconomic Dynamics in China

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 09/2017, International Journal of Central Banking , 2020, Volume 16(5), pages 49-94
Number of pages: 53 Posted: 06 Jun 2017 Last Revised: 08 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 58 (498,618)
Citation 8

Abstract:

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monetary policy, window guidance, China, DSGE model

120.

Return Comovement

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Citation 1

Return Comovement

Vanderbilt Owen Graduate School of Management Research Paper No. 3011841, Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 16/2017
Number of pages: 35 Posted: 03 Aug 2017 Last Revised: 09 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 2

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Asset Pricing, Information and Market Efficiency, International Financial Markets, Financial Economics, Trilema

121.

High-Frequency Trading in the U.S. Treasury Market Around Macroeconomic News Announcements

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 19/2018
Number of pages: 48 Posted: 27 Aug 2018 Last Revised: 12 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 4

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High-frequency Trading; Macroeconomic News Announcements; U.S. Treasury Market; Market Liquidity; Price Efficiency

122.

The Magic of the Exchange Rate: Optimal Escape from a Liquidity Trap in Small and Large Open Economies

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 07/2004
Number of pages: 56 Posted: 23 Aug 2007 Last Revised: 02 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 4

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Zero bound, deflation, foolproof way, international policy coordination, noncooperation, cooperation

123.

Inflation in Mainland China - Modelling a Roller Coaster Ride

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Citation 4

Inflation in Mainland China - Modelling a Roller Coaster Ride

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 15/2005, Pacific Economic Review, 11(4), 2006, pp. 413-429
Number of pages: 21 Posted: 23 Aug 2007 Last Revised: 08 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 80 (419,759)
Citation 2

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China, inflation, New Keynesian Phillips curve

124.

US Monetary Policy Spillovers

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 17/2017
Number of pages: 42 Posted: 03 Aug 2017 Last Revised: 09 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 3

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US Monetary Policy Spillovers, Emerging Market Economies, Policy Dilemma vs. Trilemma, Policy Tradeoffs, Panel VAR

125.

The Great Recession: A Self-Fulfilling Global Panic

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Citation 6

The Great Recession: A Self-Fulfilling Global Panic

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 09/2013
Number of pages: 53 Posted: 04 Jul 2013 Last Revised: 28 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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126.

Pricing Corporate Bonds with Interest Rates Following Double Square-Root Process

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Citation 2

Pricing Corporate Bonds with Interest Rates Following Double Square-Root Process

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 11/2016, International Journal of Financial Engineering Vol. 3, No. 3, 1650015 (2016)
Number of pages: 41 Posted: 20 Jun 2016 Last Revised: 05 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 34 (620,088)

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Corporate bond pricing model; Stochastic interest rate; Leverage ratio

127.

China's Capital Controls - Through the Prism of Covered Interest Differentials

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Citation 5

China's Capital Controls – Through the Prism of Covered Interest Differentials

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 14/2013, Pacific Economic Review, Volume 19, Issue 1, February 2014, Pages: 112–134
Number of pages: 32 Posted: 25 Sep 2013 Last Revised: 28 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 2

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NDF Implied RMB Interest Rate, Capital Controls, Asymmetric Response, Macro Determinants, Credit Market Tightness

128.

Exchange Rate Volatility and Macroeconomic Performance in Hong Kong.

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Citation 5

Exchange Rate Volatility and Macroeconomic Performance in Hong Kong.

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 03/2000, Review of Development Economics, 8(4), 2004, pp. 606-623
Number of pages: 22 Posted: 28 Aug 2007 Last Revised: 20 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 140 (286,236)

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129.

What Makes Systemic Risk Systemic? Contagion and Spillovers in the International Sovereign Debt Market

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 07/2014, Journal of International Money and Finance, Vol. 69, No. C, 2016
Number of pages: 32 Posted: 11 Apr 2014 Last Revised: 29 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 2

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Systemic Risk, Credit Event, Sovereign Risk, Contagion, Spillover, Credit Default Swap, Debt Crisis, Subprime Crisis, Global Factor

130.

Taxation of Financial Intermediation Activities in Hong Kong

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 09/2001, Tax Notes International, No.7, 2002, pp. 771-796
Number of pages: 41 Posted: 27 Aug 2007 Last Revised: 25 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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131.

The Effects of Public Listing on the Performance of Banks in China

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 07/2011
Number of pages: 36 Posted: 30 Mar 2011 Last Revised: 20 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Public Listing, Cross Listing, Bank Performance, Chinese Banks

132.

Mundell Revisited: A Simple Approach to the Costs and Benefits of a Single Currency Area

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Citation 16

Mundell Revisited: A Simple Approach to the Costs and Benefits of a Single Currency Area

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 09/2000, Review of International Economics, Volume 11, Issue 4, September 2003, Pages 679-691
Number of pages: 14 Posted: 28 Aug 2007 Last Revised: 21 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 123 (315,989)
Citation 8

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133.

Multiproduct Firms, Export Product Scope, and Trade Liberalization: The Role of Managerial Efficiency

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 02/2014
Number of pages: 53 Posted: 28 Jan 2014 Last Revised: 28 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 5

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Multiproduct Firm, Management Cost, Managerial Efficiency, Export Product Scope, Trade Liberalization, China

134.

History, Culture and the Rise of Informal Finance in China

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 12/2017
Number of pages: 29 Posted: 06 Jun 2017 Last Revised: 08 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 1

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Informal Finance, Small Loan Companies, History, Confucian Culture, China

135.

Which Countries Export FDI, and How Much?

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Citation 6

Which Countries Export FDI, and How Much?

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 15/2004
Number of pages: 36 Posted: 23 Aug 2007 Last Revised: 03 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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136.

Invoicing Currency in International Trade: An Empirical Investigation and Some Implications for the Renminbi

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Citation 5

Invoicing Currency in International Trade: An Empirical Investigation and Some Implications for the Renminbi

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 08/2014, The World Economy, 38(1): 193–229, January 201
Number of pages: 50 Posted: 11 Apr 2014 Last Revised: 29 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 5

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Invoicing Currency, Renminbi, Coalescing Effect, Thick Market Externalities, Currency Internationalization

137.

Balance of Payments Surplus and Renminbi Revaluation Pressure

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 03/2005, China Economic Review, Vol. 16, No. 2, 2005
Number of pages: 20 Posted: 23 Aug 2007 Last Revised: 05 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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exchange rate model, revaluation pressure, government intervention, China

138.

Exchange Rate Dynamics and US Dollar-Denominated Sovereign Bond Prices in Emerging Markets

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Exchange Rate Dynamics and US Dollar-Denominated Sovereign Bond Prices in Emerging Markets

North American Journal of Economics and Finance, Forthcoming, Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 07/2016
Number of pages: 20 Posted: 11 May 2016 Last Revised: 05 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 1

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Sovereign risk; Bond pricing model; Exchange rates; Emerging markets

139.

How Strong are the Linkages between Real Estate and Other Sectors in China?

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 11/2014, Research in International Business and Finance, Volume 36, January 2016, Pages 52-72
Number of pages: 31 Posted: 24 May 2014 Last Revised: 29 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 2

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140.

Asia's Debt Capital Markets: Appraisal and Agenda for Policy Reform

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 19/2003
Number of pages: 37 Posted: 24 Aug 2007 Last Revised: 01 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 5

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141.

The Origins of Anti-Competitive Regulation: Was Hong Kong 'Over-Banked' in the 1960s?

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 09/2006
Number of pages: 31 Posted: 20 Aug 2007 Last Revised: 09 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 1

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142.

FDI Contribution to Capital Flows and Investment in Capacity

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Citation 6

FDI Contribution to Capital Flows and Investment in Capacity

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 05/2003, CESifo Economic Studies, 49(3), 2003 under a new title: FDI Flows and Domestic Investment: Overview
Number of pages: 22 Posted: 04 Sep 2007 Last Revised: 01 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 1

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143.

Performance Analysis of Liquidity Indicators as Early Warning Signals

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 30/2014
Number of pages: 40 Posted: 18 Dec 2014 Last Revised: 01 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Liquidity Creation, Net Stable Funding Difference, Liquidity Ratio, Funding Diversification, Income Diversification

144.

Export Dynamics in Large Devaluations

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Export Dynamics in Large Devaluations

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 06/2013
Number of pages: 48 Posted: 11 May 2013 Last Revised: 28 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 2

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Export Dynamics, Devaluation, Net Exports

145.

China’s Outward Direct Investment: Evidence from a New Micro Dataset

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 17/2012
Number of pages: 22 Posted: 19 Jun 2012 Last Revised: 26 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 2

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Chinese economy, foreign direct investment, tax haven, resource seeking

146.

Terms-of-Trade Changes, Real GDP, and Real Value Added in the Open Economy: Reassessing Hong Kong's Growth Performance

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 05/2006, Asia-Pacific Journal of Accounting & Economics, Volume 14, no. 2, August 2007, pp. 87-109
Number of pages: 25 Posted: 20 Aug 2007 Last Revised: 09 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 18

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Terms of trade, real exchange rate, real GDP, real GDI, real value added, technological change, total factor productivity, index numbers

147.

A Model of Chinese Capital Account Liberalisation

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 12/2013, Forthcoming in Macroeconomic Dynamics
Number of pages: 41 Posted: 19 Aug 2013 Last Revised: 28 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 3

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China, country portfolios, capital account liberalization, renminbi internationalization

148.

Love Thy Neighbor: Income Distribution and Housing Preferences

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Love Thy Neighbor: Income Distribution and Housing Preferences

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 37/2011, Journal of Housing Economics, Vol. 21, No. 4, 2012
Number of pages: 32 Posted: 01 Jan 2012 Last Revised: 22 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Hedonic Pricing, Housing, Income Inequality

149.

Concocting Marketable Cocos

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 22/2011
Number of pages: 44 Posted: 27 Jul 2011 Last Revised: 21 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Contingent Convertibles, Cocos Design, Capital Ratios, Financial Reform, Basel III

150.

Crisis and Challenge: The Changing Role of the Hongkong & Shanghai Bank, 1950-2000

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 13/2005
Number of pages: 29 Posted: 23 Aug 2007 Last Revised: 08 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 2

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Hong Kong banking, laisser faire, regulation, crises

151.

Cross-Country Relative Price Volatility: Effects of Market Structure

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Cross-Country Relative Price Volatility: Effects of Market Structure

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 19/2005, Review of International Economics, 15, 2006, pp. 836-848
Number of pages: 40 Posted: 08 Jun 2022 Last Revised: 08 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Relative price volatility, market structure, price-cost margin, variance decomposition

152.

The Relationship between Consumption, Income and Wealth in Hong Kong

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 01/2004, Pacific Economic Review, Volume 10, Issue 2, Page 217-241, June 2005
Number of pages: 28 Posted: 22 Aug 2007 Last Revised: 02 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 132 (298,346)
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153.

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

Journal of International Money and Finance, Vol. 86, 223-243, 2018, Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 06/2017
Number of pages: 21 Posted: 22 Mar 2017 Last Revised: 08 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 4

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

154.

The Flow-Performance Relationship in Emerging Market Bond Funds

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 04/2018
Number of pages: 46 Posted: 05 Feb 2018 Last Revised: 12 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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mutual funds, bond funds, flow-performance relationship, mutual fund flows, convexity

155.

Exchange Rates as Exchange Rate Common Factors

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 21/2012
Number of pages: 29 Posted: 31 Aug 2012 Last Revised: 26 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 6

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exchange rates, common factors, forecasting

156.

Network Effects in Currency Internationalisation: Insights from BIS Triennial Surveys and Implications for the Renminbi

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 24/2014
Number of pages: 40 Posted: 25 Sep 2014 Last Revised: 01 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 4

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Foreign Exchange, International Currency, Network Effects, Financial Development, Renminbi, Critical Transition

157.

Renminbi Revaluation, Euro Appreciation and Chinese Markets: What Can We Learn from Data?

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 01/2006
Number of pages: 19 Posted: 20 Aug 2007 Last Revised: 08 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 2

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Prediction, Bayesian forecasting, Granger tests of causality, nested models

158.

The Fed and the New Economy

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Citation 11

The Fed and the New Economy

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 10/2002, American Economic Review, 92(2), 2002, pp. 108-114
Number of pages: 15 Posted: 27 Aug 2007 Last Revised: 26 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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159.

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

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 01/2015, Pacific Economic Review, Volume 21, Issue 3, August 2016, Pages 295-323
Number of pages: 36 Posted: 17 Jan 2015 Last Revised: 01 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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160.

Capital Inflows and Asset Prices: Evidence from Emerging Asia

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 18/2012
Number of pages: 28 Posted: 19 Jun 2012 Last Revised: 26 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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capital Inflows, house prices, monetary policy, sign restrictions, panel VAR

161.

Monetary Policy in the Open Economy Revisited: Price Setting and Exchange Rate Flexibility

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Citation 214

Monetary Policy in the Open Economy Revisited: Price Setting and Exchange Rate Flexibility

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 04/2000, Review of Economic Studies, 70, 2003, pp. 765-784
Number of pages: 33 Posted: 28 Aug 2007 Last Revised: 20 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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162.

What Drives Urban Consumption in Mainland China? The Role of Property Price Dynamics

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What Drives Urban Consumption in Mainland China? The Role of Property Price Dynamics

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 15/2011, Pacific Economic Review, Volume 22, Issue 3, August 2017, Pages 383-409
Number of pages: 30 Posted: 20 Jun 2011 Last Revised: 20 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 27 (667,913)

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consumption, house prices, China, panel data

163.

Currency Appreciation and Current Account Adjustment

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 17/2006, Journal of International Money and Finance, Vol. 26, No. 4, 2007
Number of pages: 21 Posted: 22 Aug 2007 Last Revised: 09 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 120 (320,126)
Citation 3

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Current Account, Currency Appreciation

164.

The RMB Debate: Empirical Analysis on the Effects of Exchange Rate Shocks in China and Japan

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 13/2012
Number of pages: 34 Posted: 29 May 2012 Last Revised: 25 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 116 (327,810)
Citation 3

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Renminbi appreciation, current account imbalance, VAR, exchange rate shocks, recession

165.

Productivity Growth of the Non-Tradable Sectors in China

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 08/2012, Review of Development Economics, Volume 18, Issue 4, pages 655–666, November 2014. The web appendix for the journal version of this paper can be accessed by the following link: https://uat.aof.org.hk/docs/default-source/hkimr/working-papers/online-appendix-hkimr.pdf
Number of pages: 30 Posted: 23 Mar 2012 Last Revised: 25 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 116 (327,810)
Citation 5

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Tradable and Non-Tradable Sectors, Internal Real Exchange Rate, Total Factor Productivity

166.

The Operation of the Moratorium on New Bank Licenses on the Hong Kong Banking System 1965-81

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 12/2006
Number of pages: 31 Posted: 23 Aug 2007 Last Revised: 09 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 114 (331,839)

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167.

Transfer Problem Dynamics: Macroeconomics of the Franco-Prussian War Indemnity

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 02/2004, Journal of Monetary Economics, Vol. 54, No. 8, 2007
Number of pages: 41 Posted: 12 Aug 2004 Last Revised: 02 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 114 (331,839)
Citation 7

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transfer problem, current account, terms of trade

168.

VAR and Stress Tests: The Impact of Fat-Tail Risk and Systemic Risk on Commercial Banks in Hong Kong and China

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 14/2017
Number of pages: 46 Posted: 05 Jul 2017 Last Revised: 09 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 113 (333,870)
Citation 1

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Value-at-Risk, Stable Paretian distribution, Systemic risk, Fat-tail risk, Off-balance sheet activities

169.

Global Liquidity, Capital Inflows and House Prices in ASEAN Economies

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 14/2015, International Real Estate Review, Vol.20(1), (Spring 2017), pages 105-126
Number of pages: 23 Posted: 11 Jun 2015 Last Revised: 04 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 111 (338,124)
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Capital Flows, Residential House Price, Macroprudential, ASEAN Economies

170.

RENTAL RATES UNDER HOUSING PRICE UNCERTAINTY: A REAL OPTIONS APPROACH

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 24/2013
Number of pages: 44 Posted: 27 Nov 2013 Last Revised: 28 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 111 (338,124)

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Investment Under Uncertainty, Real Options, Housing Price, Rent, China

171.

Fundamentals and the Volatility of Real Estate Prices in China: A Sequential Modelling Strategy

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 22/2015
Number of pages: 37 Posted: 13 Nov 2015 Last Revised: 04 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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172.

The Fragility of Discretionary Liquidity Provision: Lessons from the Collapse of the Auction Rate Securities Market

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The Fragility of Discretionary Liquidity Provision: Lessons from the Collapse of the Auction Rate Securities Market

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 05/2011
Number of pages: 56 Posted: 28 Feb 2011 Last Revised: 22 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Auction Rate Securities, Uniform-Price Auctions, Liquidity Crisis, Financial Fragility, Market Microstructure, Municipal Bond Pricing

173.

From One Country, Two Systems to Monetary Integration?

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 15/2002
Number of pages: 28 Posted: 27 Aug 2007 Last Revised: 26 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 108 (344,421)
Citation 2

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174.

Quantifying Financing Needs in the Belt and Road Countries and Industries

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 13/2017, Emerging Markets Finance and Trade, Volume 55, Issue 14
Number of pages: 81 Posted: 05 Jul 2017 Last Revised: 08 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 107 (346,576)

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China, Belt and Road Initiative, Financing Needs

175.

Asset Price Bubbles and Monetary Policy

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 10/2013
Number of pages: 22 Posted: 15 Jul 2013 Last Revised: 28 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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176.

Firm Survival and Financial Development: Evidence from a Panel of Emerging Asian Economies

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Firm Survival and Financial Development: Evidence from a Panel of Emerging Asian Economies

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 14/2012
Number of pages: 40 Posted: 29 May 2012 Last Revised: 25 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 28 (660,576)
Citation 2

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firm survival, firm-specific characteristics, financial development

177.

The Illusion of Precision and the Role of the Renminbi in Regional Integration

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 18/2006, Towards Monetary and Financial Integration in East Asia, 2009, Chapter 13
Number of pages: 36 Posted: 22 Aug 2007 Last Revised: 09 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 106 (348,833)
Citation 4

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exchange rate policy, regional integration, market integration, purchasing power parity, Balassa-Samuelson, currency misalignment

178.

The Real Exchange Rate, Real Interest Rates, and the Risk Premium

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Citation 3

The Real Exchange Rate, Real Interest Rates, and the Risk Premium

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 27/2011
Number of pages: 65 Posted: 28 Sep 2011 Last Revised: 21 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 61 (486,476)
Citation 2

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179.

Optimal Transaction Filters Under Transitory Trading Opportunities: Theory and Empirical Illustration

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 02/2005, Journal of Financial Markets, Vol. 13, No. 1, 2010
Number of pages: 36 Posted: 23 Aug 2007 Last Revised: 05 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 105 (351,075)

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Transaction Costs, Filter Rules, Trading Strategies, Foreign Exchange

180.

Probabilistic Approach to Measuring Early-Warning Signals of Systemic Contagion Risk

International Journal of Financial Engineering, Vol. 5, No. 2 (2018) 1850010, Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 18/2015
Number of pages: 25 Posted: 01 Sep 2015 Last Revised: 04 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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systemic risk; probability density distributions; contagion

181.

Contagion Effects, Informational Effects, and Economic Fundamentals: An Analysis of Exchange Rate Dynamics During the Asian Currency Crisis

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 02/2000, Exchange Rate Stability and Currency Board Economics Conference, Baptist University, Hong Kong, November 1998. (Conference paper)
Number of pages: 26 Posted: 29 Aug 2007 Last Revised: 19 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 103 (355,514)

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182.

Foreign Versus Domestic Factors as Sources of Macroeconomic Fluctuations in Hong Kong

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 17/2003, Pacific Economic Review, 10(2), 2005, pp. 191-216 under a new title: Wage-Price Dynamics and Deflation in Hong Kong
Number of pages: 21 Posted: 24 Aug 2007 Last Revised: 01 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 5

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183.

Composition of International Capital Flows: A Survey

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Citation 2

Composition of International Capital Flows: A Survey

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 14/2011, Published in "The Evidence and Impact of Financial Globalization", December 2012, Publisher: Academic Press, ISBN: 9780124058996
Number of pages: 32 Posted: 20 Jun 2011 Last Revised: 22 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 63 (478,517)
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184.

In Search of Distress Risk in Emerging Markets

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 10/2018
Number of pages: 52 Posted: 11 May 2018 Last Revised: 12 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 101 (360,129)
Citation 1

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emerging markets, corporate distress, bankruptcy risk models, global factors, asset prices

185.

The Impact of US Monetary Policy and Other External Shocks on the Hong Kong Economy: A Factor-Augmented VAR Approach

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 09/2016
Number of pages: 66 Posted: 20 Jun 2016 Last Revised: 05 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 100 (362,518)
Citation 1

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Hong Kong economy, monetary policy, factor-augmented VAR

186.

Asset Price and Monetary Policy – The Effect of Expectation Formation

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 03/2011, Oxford Economic Papers, Volume 67, Issue 2, April 2015, Pages 380–405
Number of pages: 41 Posted: 30 Jan 2011 Last Revised: 21 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 100 (362,518)
Citation 3

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Asset Price, Monetary Policy, Regime Switching, DSGE

187.

A Dynamic Factor Model for Current-Quarter Estimates of Economic Activity in Hong Kong

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 16/2004, Pacific Economic Review, 10(2), 2005, pp. 279-292 under a new title: A Dynamic Factor Model of Economic Activity in Hong Kong
Number of pages: 21 Posted: 23 Aug 2007 Last Revised: 03 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 99 (364,883)

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Business cycles, dynamic factor model, Kalman filtering

188.

Macroeconomic Volatility, Debt Dynamics, and Sovereign Interest Rate Spreads

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 18/2005 , Journal of International Money and Finance, Vol. 27, No. 1, 2008
Number of pages: 25 Posted: 22 Aug 2007 Last Revised: 08 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 99 (364,883)
Citation 2

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Macroeconomic volatility, debt dynamics, sovereign spreads

189.

China’s Financial Reforms: Why Dysfunctional Banking Survives

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 02/2012
Number of pages: 28 Posted: 21 Jan 2012 Last Revised: 22 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 98 (367,271)
Citation 2

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China, Reforms, NPLs, Global Crises, Local Administration

190.

Inflation in Hong Kong, SAR - in Search of a Transmission Mechanism

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 01/2003, Pacific Economic Review, 10(2), 2005, pp. 191-216 under a new title: Wage-Price Dynamics and Deflation in Hong Kong
Number of pages: 26 Posted: 05 Sep 2007 Last Revised: 01 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 98 (367,271)
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191.

Explaining Share Price Disparity with Parameter Uncertainty: Evidence from Chinese A- and H-Shares

Journal of Banking and Finance , Vol. 37, (2013), pp. 1073-1083, Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 33/2011
Number of pages: 11 Posted: 26 Oct 2011 Last Revised: 22 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 97 (369,616)
Citation 6

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Market Segmentation, A and H Shares, Uncertainty

192.

Do Short Selling Restrictions Destabilize Stock Markets? Lessons from Taiwan

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 11/2011, Quarterly Review of Economics and Finance, Vol. 52, No. 2, 2012
Number of pages: 28 Posted: 27 Apr 2011 Last Revised: 20 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Short-Selling Bans, Taiwanese Stock Market, Asymmetric GARCH Models, Markov Switching Models

193.

From the World's Factory to a World Creditor: China's External Wealth and Excess Returns, 1997-2016

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 08/2018
Number of pages: 49 Posted: 31 Mar 2018 Last Revised: 12 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 96 (371,997)
Citation 1

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Net Foreign Assets, Excess Returns, China

194.

Dangerous Business Models: Bankers, Bureaucrats & Hong Kong's Economic Transformation, 1948-86

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 08/2006
Number of pages: 29 Posted: 20 Aug 2007 Last Revised: 09 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Hong Kong, banking regulation, bureaucrats, rules, self-destructive

195.

Foreign Exchange Exposure and Exchange Rate Arrangements in East Asia

HKIMR Working Paper No. 17/2002, Journal of International Money and Finance, Vol. 25, No. 6, 2006
Number of pages: 20 Posted: 27 Aug 2007 Last Revised: 26 Jul 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 95 (374,429)

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196.

US Monetary Policy Announcements and the Term Structure of Interest Rate Differentials: Evidence from Hong Kong and Singapore

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 09/2005, Journal of International Money and Finance, 2009, 28(6): 920-940. The new title is “International Interest Rates and US Monetary Policy Announcements: Evidence from Hong Kong and Singapore
Number of pages: 25 Posted: 23 Aug 2007 Last Revised: 08 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
Downloads 95 (374,429)
Citation 5

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Monetary policy, interest rate futures, term structure of interest rates

197.

Measuring Spillovers between the US and Emerging Markets

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 08/2016
Number of pages: 26 Posted: 20 Jun 2016 Last Revised: 05 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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spillovers, contagion, systemic risk, financial integration, vector autoregression, emerging markets, monetary policy normalisation, sovereign bond markets.

198.

Can Exchange Rate Dynamics in Krugman's Target-Zone Model Be Directly Tested?

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Citation 1

Can Exchange Rate Dynamics in Krugman's Target-Zone Model Be Directly Tested?

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 03/2017
Number of pages: 38 Posted: 01 Mar 2017 Last Revised: 08 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Citation 1

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Exchange Rate Dynamics, Target Zones, Interventions, Stochastic Processes

199.

International Trade Finance and the Cost Channel of Monetary Policy in Open Economies

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International Trade Finance and the Cost Channel of Monetary Policy in Open Economies

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 17/2018
Number of pages: 79 Posted: 08 Aug 2018 Last Revised: 12 Aug 2022
Hong Kong Institute for Monetary and Financial Research
Hong Kong Institute for Monetary and Financial Research
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Trade Finance, Monetary Policy, DSGE