WP No.24 / 2004
Why doesn't Asia have Bigger Bond Markets?
(Published in Asian bond markets: issues and prospects 11/2006 pg.40-77)
WP No.23 / 2004
Momentum Trading, Mean Reversal and Overreaction in Chinese Stock Market
(Published in Journal of Empirical Finance, Volume 13, Issue 1, January 2006, Pages 24-48)
WP No.22 / 2004
Exchange Rate Regimes, Specialization and Trade Volume
(Published in Topics in Macroeconomics, Volume 6 (2006), Issue 2, Article 12)
WP No.21 / 2004
Deflationary Dynamics in Hong Kong: Evidence from Linear and Neural Network Regime Switching Models
by Paul McNELIS (Research Fellow) and Carrie K.C. CHAN
WP No.20 / 2004
Exchange Rate Policy and Endogenous Price Flexibility
(Published in Journal of the European Economic Association June 2006, Vol. 4, No. 4: 735-769.)
WP No.19 / 2004
Application of a Modified TAR Model to CIP deviations in Asian Data
WP No.18 / 2004
Inflation Inertia - The Role of Multiple, Interacting Pricing Rigidities
WP No.17 / 2004
Hong Kong's Exchange Rate Regimes in the Twentieth Century: The Story of Three Regime Changes
WP No.16 / 2004
A Dynamic Factor Model for Current-Quarter Estimates of Economic Activity in Hong Kong
by Stefan GERLACH and Matthew S. YIU
(Published in Pacific Economic Review, 10(2), 2005, pp. 279-292 under a new title: A Dynamic Factor Model of Economic Activity in Hong Kong)
WP No.15 / 2004
Which Countries Export FDI, and How Much?
by Assaf RAZIN (Research Fellow), Yona RUBINSTEIN and Efraim SADKA
WP No.14 / 2004
Aggregate Supply and Potential Output
(Published in Journal of Money Credit and Banking, 37(1), 2005, pp. 179-190 under a new title: Aggregate Supply, Investment in Capacity, and Potential Output)
WP No.13 / 2004
Making Markets: Reforms to Strengthen Asia's Debt Capital Markets
by Paul LEJOT, Douglas ARNER and Qiao LIU
WP No.12 / 2004
The Suitability of A Greater China Currency Union
(Published in Pacific Economic Review, 10, 2005, pp. 83-103)
WP No.11 / 2004
On the Relationship between Pass-through and Sticky Nominal Prices
WP No.10 / 2004
Fiscal Crisis Resolution: Taxation versus Inflation
(Published in No.874, 2004 Meeting Papers, Society for Economic Dynamics)
WP No.09 / 2004
Tunneling, Propping and Expropriation: Evidence from Connected Party Transactions in Hong Kong
by Stephen CHEUNG, P. Raghavendra RAU and Aris STOURAITIS
(Published in Journal of Financial Economics, Volume 82, Issue 2, November 2006, Pages 343-386)
WP No.08 / 2004
Good Housekeeping? Reputation, Fixed Exchange Rates, and the 'Original Sin' Problem
by Prasanna GAI (Research Fellow) and Kang-yong TAN
(Published in No.446, Econometric Society 2004 Far Eastern Meetings)
WP No.07 / 2004
The Magic of the Exchange Rate: Optimal Escape from a Liquidity Trap in Small and Large Open Economies
WP No.06 / 2004
Swap Curve Dynamics in Hong Kong: An Interpretation
WP No.05 / 2004
Testing for Output Convergence: A Re-Examination
by Yin-Wong CHEUNG (Research Fellow) and Antonio GARCIA-PASCUAL
(Published in Oxford Economic Papers, 56(1), 2004, pp. 45-63)
WP No.04 / 2004
A Comparison of US and Hong Kong Cap-Floor Volatility Dynamics
WP No.03 / 2004
The Impact of Short Selling on the Price-Volume Relationship: Evidence from Hong Kong
by O'lan HENRY (Research Fellow) and Michael McKENZIE
(Published in Journal of Business. Chicago: Mar 2006. Vol. 79, Issue 2, P.671 (21pages))
WP No.02 / 2004
Transfer Problem Dynamics: Macroeconomics of the Franco-Prussian War Indemnity
by Michael B. DEVEREUX (Research Fellow) and Gregor W. SMITH
(Published in Journal of Monetary Economics. Volume 54, Issue 8, November 2007, pg.2375-2398)
WP No.01 / 2004
The Relationship between Consumption, Income and Wealth in Hong Kong
(Published in Pacific Economic Review, Volume 10, Issue 2, Page 217-241, June 2005)