Andrew Tsang

ASEAN+3 Macroeconomic Research (AMRO)

Economist

10 Shenton Way #15-08

MAS Building

Singapore, Singapore 079117

Singapore

http://scholar.google.com/citations?hl=en&user=EUw33hgAAAAJ

SCHOLARLY PAPERS

25

DOWNLOADS
Rank 37,652

SSRN RANKINGS

Top 37,652

in Total Papers Downloads

1,674

SSRN CITATIONS
Rank 10,821

SSRN RANKINGS

Top 10,821

in Total Papers Citations

58

CROSSREF CITATIONS

56

Scholarly Papers (25)

The Renminbi Central Parity: An Empirical Investigation

Pacific Economic Review, Volume 23, Issue 2, Pages 164-183, May 2018
Number of pages: 33 Posted: 20 Jun 2016 Last Revised: 22 Jul 2018
Yin-Wong Cheung, Cho-Hoi Hui and Andrew Tsang
University of California, Santa Cruz - Department of Economics, Hong Kong Monetary Authority - Research Department and ASEAN+3 Macroeconomic Research (AMRO)
Downloads 143 (263,087)
Citation 6

Abstract:

Loading...

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

The Renminbi Central Parity: An Empirical Investigation

Number of pages: 33 Posted: 24 May 2017
Yin-Wong Cheung, Cho-Hoi Hui and Andrew Tsang
University of California, Santa Cruz - Department of Economics, Hong Kong Monetary Authority - Research Department and ASEAN+3 Macroeconomic Research (AMRO)
Downloads 48 (510,767)

Abstract:

Loading...

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

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

Journal of Financial Perspectives, Vol. 3(2), (July 2015), pp. 93-102
Number of pages: 30 Posted: 01 Oct 2015
T. C. Wong, Kelvin Ho and Andrew Tsang
Hong Kong Monetary Authority - Research Department, Hong Kong Monetary Authority and ASEAN+3 Macroeconomic Research (AMRO)
Downloads 109 (322,129)

Abstract:

Loading...

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

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

HKIMR Working Paper No.20/2015
Number of pages: 24 Posted: 03 Nov 2015
T. C. Wong, Kelvin Ho and Andrew Tsang
Hong Kong Monetary Authority - Research Department, Hong Kong Monetary Authority and ASEAN+3 Macroeconomic Research (AMRO)
Downloads 77 (402,406)
Citation 2

Abstract:

Loading...

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

3.

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

HKIMR Working Paper No. 03/2014
Number of pages: 32 Posted: 20 Feb 2014
T. C. Wong, Andrew Tsang and Steven Kong
Hong Kong Monetary Authority - Research Department, ASEAN+3 Macroeconomic Research (AMRO) and Hong Kong Monetary Authority
Downloads 173 (223,827)
Citation 15

Abstract:

Loading...

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

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

Number of pages: 45 Posted: 02 Mar 2017 Last Revised: 18 Nov 2021
Hongyi Chen, Michael Funke, Ivan Lozev and Andrew Tsang
Hong Kong Monetary Authority - Hong Kong Institute for Monetary Research (HKIMR), University of Hamburg - Department of Economics, University of Hamburg - Department of Economics and ASEAN+3 Macroeconomic Research (AMRO)
Downloads 85 (379,314)

Abstract:

Loading...

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

HKIMR Working Paper No. 09/2017
Number of pages: 53 Posted: 06 Jun 2017
Hongyi Chen, Michael Funke, Ivan Lozev and Andrew Tsang
Hong Kong Monetary Authority - Hong Kong Institute for Monetary Research (HKIMR), University of Hamburg - Department of Economics, University of Hamburg - Department of Economics and ASEAN+3 Macroeconomic Research (AMRO)
Downloads 58 (468,407)
Citation 8

Abstract:

Loading...

monetary policy, window guidance, China, DSGE model

5.

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

Journal of International Money and Finance, Vol. 86, 223-243, 2018
Number of pages: 21 Posted: 22 Mar 2017 Last Revised: 02 Jul 2020
Yin-Wong Cheung, Cho-Hoi Hui and Andrew Tsang
University of California, Santa Cruz - Department of Economics, Hong Kong Monetary Authority - Research Department and ASEAN+3 Macroeconomic Research (AMRO)
Downloads 128 (285,436)
Citation 4

Abstract:

Loading...

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

6.

The People&Apos;S Bank of China&Apos;S Response to the Coronavirus Pandemic - a Quantitative Assessment

Number of pages: 27 Posted: 22 Jan 2021 Last Revised: 18 Nov 2021
Michael Funke and Andrew Tsang
University of Hamburg - Department of Economics and ASEAN+3 Macroeconomic Research (AMRO)
Downloads 114 (310,387)
Citation 1

Abstract:

Loading...

China, corona pandemic, COVID-19, monetary policy, dynamic factor model, People’s Bank of China

7.

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

HKIMR Working Paper No.09/2016
Number of pages: 66 Posted: 20 Jun 2016
Hongyi Chen and Andrew Tsang
Hong Kong Monetary Authority - Hong Kong Institute for Monetary Research (HKIMR) and ASEAN+3 Macroeconomic Research (AMRO)
Downloads 98 (343,774)
Citation 1

Abstract:

Loading...

Hong Kong economy, monetary policy, factor-augmented VAR

8.

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

Number of pages: 41 Posted: 31 Oct 2017 Last Revised: 18 Nov 2021
Michael Funke, Julius Loermann and Andrew Tsang
University of Hamburg - Department of Economics, University of Hamburg - Department of Economics and ASEAN+3 Macroeconomic Research (AMRO)
Downloads 78 (395,191)

Abstract:

Loading...

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

9.

The Renminbi Central Parity: An Empirical Investigation

Number of pages: 33 Posted: 26 Jul 2016
Yin-Wong Cheung, Cho-Hoi Hui and Andrew Tsang
University of California, Santa Cruz - Department of Economics, Hong Kong Monetary Authority - Research Department and ASEAN+3 Macroeconomic Research (AMRO)
Downloads 70 (419,588)

Abstract:

Loading...

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

The Diffusion and Dynamics of Producer Prices, Deflationary Pressure Across Asian Countries, and the Role of China

Number of pages: 43 Posted: 15 Sep 2016
Hongyi Chen, Michael Funke and Andrew Tsang
Hong Kong Monetary Authority - Hong Kong Institute for Monetary Research (HKIMR), University of Hamburg - Department of Economics and ASEAN+3 Macroeconomic Research (AMRO)
Downloads 44 (529,830)

Abstract:

Loading...

producer prices, international spillovers, deflation, Asia

The Diffusion and Dynamics of Producer Prices, Deflationary Pressure across Asian Countries, and the Role of China

HKIMR Working Paper No.15/2016 (revised version)
Number of pages: 22 Posted: 30 Aug 2016 Last Revised: 05 Jan 2018
Hongyi Chen, Michael Funke and Andrew Tsang
Hong Kong Monetary Authority - Hong Kong Institute for Monetary Research (HKIMR), University of Hamburg - Department of Economics and ASEAN+3 Macroeconomic Research (AMRO)
Downloads 21 (672,880)
Citation 2

Abstract:

Loading...

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

11.

The Direction and Intensity of China's Monetary Policy Conduct: A Dynamic Factor Modelling Approach

Number of pages: 37 Posted: 26 Apr 2019 Last Revised: 18 Nov 2021
Michael Funke and Andrew Tsang
University of Hamburg - Department of Economics and ASEAN+3 Macroeconomic Research (AMRO)
Downloads 57 (465,183)

Abstract:

Loading...

Mapping China's Time-Varying House Price Landscape

Number of pages: 33 Posted: 12 Dec 2017 Last Revised: 18 Nov 2021
Michael Funke, Danilo Leiva-Leon and Andrew Tsang
University of Hamburg - Department of Economics, Central Bank of Chile and ASEAN+3 Macroeconomic Research (AMRO)
Downloads 43 (534,792)

Abstract:

Loading...

Mapping China's Time-Varying House Price Landscape

HKIMR Working Paper No.3/2018
Number of pages: 33 Posted: 05 Feb 2018
Michael Funke, Danilo Leiva-Leon and Andrew Tsang
University of Hamburg - Department of Economics, Banco de España and ASEAN+3 Macroeconomic Research (AMRO)
Downloads 14 (729,668)

Abstract:

Loading...

House Prices, Markov-Switching Models, Synchronization, China

13.

Asynchronous Monetary Policies and International Dollar Credit

HKIMR Working Paper No.19/2015
Number of pages: 36 Posted: 01 Oct 2015
Dong He, T. C. Wong, Andrew Tsang and Kelvin Ho
International Monetary Fund (IMF) - Monetary and Exchange Affairs Department, Hong Kong Monetary Authority - Research Department, ASEAN+3 Macroeconomic Research (AMRO) and Hong Kong Monetary Authority
Downloads 57 (465,183)
Citation 6

Abstract:

Loading...

14.

Chinese Local Bond Spreads, Monetary Policy and 'Misallocation'

USC-INET Research Paper No. 18-06
Number of pages: 42 Posted: 16 Apr 2018
Robert Dekle and Andrew Tsang
University of Southern California - Department of Economics and ASEAN+3 Macroeconomic Research (AMRO)
Downloads 54 (476,558)

Abstract:

Loading...

Chinese Local Bonds, Monetary Policy, Misallocation

15.

Not All Cities are Alike: House Price Heterogeneity and the Design of Macro-Prudential Policies in China

Number of pages: 36 Posted: 21 Nov 2018
Michael Funke, Andrew Tsang and Linxu Zhu
University of Hamburg - Department of Economics, ASEAN+3 Macroeconomic Research (AMRO) and University of Hamburg - Department of Economics
Downloads 50 (492,933)

Abstract:

Loading...

China, Macro-Prudential Policies, House Prices, Cities

16.

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

HKIMR Working Paper No.21/2014
Number of pages: 24 Posted: 27 Aug 2014
T. C. Wong, Andrew Tsang and Steven Kong
Hong Kong Monetary Authority - Research Department, ASEAN+3 Macroeconomic Research (AMRO) and Hong Kong Monetary Authority
Downloads 42 (528,889)
Citation 4

Abstract:

Loading...

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

17.

Chinese Local Bond Spreads, Monetary Policy and ‘Misallocation’

HKIMR Working Paper No. 7/2018
Number of pages: 43 Posted: 30 Mar 2018
Robert Dekle and Andrew Tsang
University of Southern California - Department of Economics and ASEAN+3 Macroeconomic Research (AMRO)
Downloads 32 (580,432)

Abstract:

Loading...

Chinese Local Bonds, Local Government, Money Policy, Misallocation

18.

Volatility Transmission and Volatility Impulse Response Functions in the Main and the Satellite Renminbi Exchange Rate Markets

Number of pages: 32 Posted: 21 Oct 2020 Last Revised: 18 Nov 2021
Michael Funke, Julius Loermann and Andrew Tsang
University of Hamburg - Department of Economics, University of Hamburg - Department of Economics and ASEAN+3 Macroeconomic Research (AMRO)
Downloads 29 (598,142)

Abstract:

Loading...

Renminbi, volatility spillovers, volatility impulse responses, Bayesian estimation, multivariate GARCH models, USD, Kiina, Yhdysvallat, Renminbi, CNY, CNH

Uncovering Heterogeneous Regional Impacts of Chinese Monetary Policy

Number of pages: 46 Posted: 18 Nov 2021
Andrew Tsang
ASEAN+3 Macroeconomic Research (AMRO)
Downloads 13 (738,301)

Abstract:

Loading...

China, monetary policy, regional heterogeneity, machine learning, shadow banking

Uncovering Heterogeneous Regional Impacts of Chinese Monetary Policy

WiSo-HH Working Paper Series, No. 62
Number of pages: 46 Posted: 07 Dec 2021
Andrew Tsang
ASEAN+3 Macroeconomic Research (AMRO)
Downloads 5 (807,742)

Abstract:

Loading...

China, monetary policy, regional heterogeneity, machine learning, shadow banking

20.

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

Journal of Financial Perspectives, Vol. 3, No. 2, 2015
Number of pages: 30 Posted: 07 Dec 2017
Eric Wong, Kelvin Ho and Andrew Tsang
Hong Kong Monetary Authority - Market Research Division, Hong Kong Monetary Authority and ASEAN+3 Macroeconomic Research (AMRO)
Downloads 15 (695,744)

Abstract:

Loading...

21.

Mapping China’s Time-Varying House Price Landscape

Banco de Espana Working Paper No. 1930 (2019)
Number of pages: 32 Posted: 19 Sep 2019
Michael Funke, Danilo Leiva-Leon and Andrew Tsang
University of Hamburg - Department of Economics, Banco de España and ASEAN+3 Macroeconomic Research (AMRO)
Downloads 12 (719,508)
Citation 53

Abstract:

Loading...

house prices, Markov-Switching models, synchronization, China

22.

Pass-Through Effects of Global Commodity Prices on China's Inflation: An Empirical Investigation

China & World Economy, Vol. 16, No. 6, pp. 22-34, November-December 2008
Number of pages: 13 Posted: 21 Nov 2008
Ligang Liu and Andrew Tsang
Hong Kong Monetary Authority - Hong Kong Institute for Monetary Research (HKIMR) and ASEAN+3 Macroeconomic Research (AMRO)
Downloads 3 (791,640)
  • Add to Cart

Abstract:

Loading...

23.

Renminbi Central Parity: An Empirical Investigation

Pacific Economic Review, Vol. 23, Issue 2, pp. 164-183, 2018
Number of pages: 20 Posted: 11 May 2018
Yin-Wong Cheung, Cho‐Hoi Hui and Andrew Tsang
University of California, Santa Cruz - Department of Economics, Hong Kong Monetary Authority and ASEAN+3 Macroeconomic Research (AMRO)
Downloads 1 (813,174)
Citation 2
  • Add to Cart

Abstract:

Loading...

24.

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

Pacific Economic Review, Vol. 23, Issue 1, pp. 95-108, 2018
Number of pages: 14 Posted: 20 Feb 2018
Dong He, T. C. Wong, Kelvin Ho and Andrew Tsang
International Monetary Fund (IMF) - Monetary and Exchange Affairs Department, Hong Kong Monetary Authority - Research Department, Hong Kong Monetary Authority and ASEAN+3 Macroeconomic Research (AMRO)
Downloads 1 (813,174)
  • Add to Cart

Abstract:

Loading...

25.

Impact of US Monetary Policy Rate Shock and Other External Shocks on the Hong Kong Economy: A Factor‐Augmented Vector Autoregression Approach

Pacific Economic Review, Vol. 25, Issue 1, pp. 3-20, 2020
Number of pages: 18 Posted: 03 Jun 2020
Hongyi Chen and Andrew Tsang
Hong Kong Monetary Authority - Hong Kong Institute for Monetary Research (HKIMR) and ASEAN+3 Macroeconomic Research (AMRO)
Downloads 0 (830,837)
  • Add to Cart

Abstract:

Loading...