WP No.23 / 2002
Credibility and Flexibility with Monetary Policy Committees
by Ilian MIHOV and Anne SIBERT (Research Fellow)
(Published in Journal of Money, Credit and Banking, Volume 38, Issue 1, Page 23-46, February 2006)
WP No.22 / 2002
Price Setting and Exchange Rate Pass-through: Theory and Evidence
(Published in Price Adjustment and Monetary Policy, Bank of Canada, 2003 (Online available http://www.bankofcanada.ca/en/topic/top-exc.html))
WP No.21 / 2002
Endogenous Exchange Rate Pass-Through when Nominal Prices are Set in Advance
(Published in Journal of International Economics, 63, 2004, pp. 263-291)
WP No.20 / 2002
Signaling versus Commitment Strengthening: Exchange Rate Insurance against Currency Attacks
WP No.19 / 2002
Inflation Targeting in China?
WP No.18 / 2002
Do We Really Know that the WTO Increases Trade?
(Published in American Economic Review, 2004, v94(1,Mar), 98-114)
WP No.17 / 2002
Foreign Exchange Exposure and Exchange Rate Arrangements in East Asia
(Published in Journal of International Money and Finance, Volume 25, Issue 6, October 2006, Pages 992-1009)
WP No.16 / 2002
Optimum Currency Area for Mainland China and Hong Kong? Empirical Tests
WP No.15 / 2002
From 'One Country, Two Systems' to Monetary Integration?
WP No.14 / 2002
Hong Kong, Singapore and the East Asian Crisis: How Important were Trade Spillovers?
by Ramkishen RAJAN (Research Fellow), Rahul SEN and Reza SIREGAR
(Published in The World Economy, 25(4), 2002)
WP No.13 / 2002
Operating Performance of Banks among Asian Economies: An International and Time Series Comparison
(Published in the Journal of Banking and Finance, 27(3), 2003, pp. 471-489)
WP No.12 / 2002
The X-Efficiency of Commercial Banks in Hong Kong
(Published in Journal of Banking and Finance, Volume 30, Issue 4, April 2006, Pages: 1127-1147)
WP No.11 / 2002
Stock Market Integration, Return Forecastability and Implications for Market Efficiency: A Panel Study
by Ronald J. BALVERS and Yangru WU (Research Fellow)
WP No.10 / 2002
The Fed and the New Economy
by Laurence BALL (Research Fellow) and Robert R. TCHAIDZE
(Published in American Economic Review, 92(2), 2002, pp. 108-114)
WP No.09 / 2002
The Full Convertibility of Renminbi: Sequencing and Influence
(Published in 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)
WP No.08 / 2002
Banking Deregulation and Macroeconomic Impact in China: A Theoretical Analysis and Implications of WTO Accession to the Mainland and Hong Kong
(Published in Economic Research Journal, 6, 2002)
WP No.07 / 2002
Does Insider Trading Raise Market Volatility?
(Published in Economic Journal, 114, 2004, pp. 916-942)
WP No.06 / 2002
A Model to Analyze the Macroeconomic Interdependence of Hong Kong with China and the United States
WP No.05 / 2002
Unobservable-Component Estimates of Output Gaps in Five Asia Economies
by Stefan GERLACH and Matthew S. YIU
(Published in Journal of the Japanese and International Economies, 18, 2004, pp.115-136 under a new title: Estimating Output Gaps in Asia: A Cross-Country Study)
WP No.04 / 2002
One Reason Countries Pay Their Debts: Renegotiation and International Trade
(Published in Journal of Development Economics, Volume 77, Issue 1, June 2005, Pages 189-206)
WP No.03 / 2002
Monetary Policy in East Asia (and Elsewhere): Does Targeting Inflation Require 'Inflation Targeting'?
WP No.02 / 2002
Inflation Targeting - The Holy Grail of Monetary Policy?
(Published in Journal of Policy Reform, 5(3), 2002, pp. 161-171)
WP No.01 / 2002
A Currency Board Model of Hong Kong
by Yue MA (Research Fellow), Guy MEREDITH and Matthew S. YIU