WP No.22 / 2005
Do Investors Really Value Corporate Governance? Evidence from the Hong Kong Market
by Yan-leung CHEUNG, J. Thomas CONNELLY, Piman LIMPAPHAYOM and Lynda ZHOU
(Published in Journal of International Financial Management and Accounting 18, no. 2 (2007): 86-122)
WP No.21 / 2005
The Information Content of Option Implied Volatility Surrounding the 1997 Hong Kong Stock Market Crash
(Published in The Journal of Futures Markets, 27(6), 2007, pp. 555-574)
WP No.20 / 2005
Output Gaps and Inflation in Mainland China
by Stefan GERLACH and Wensheng PENG
(Published in China Economic Review, 17(2), 2006, pp. 210-225)
WP No.19 / 2005
Cross-Country Relative Price Volatility: Effects of Market Structure
(Published in Review of International Economics, 15, 2006, pp. 836-848)
WP No.18 / 2005
Macroeconomic Volatility, Debt Dynamics, and Sovereign Interest Rate Spreads
by Hans GENBERG (Research Fellow) and Astrit SULSTAROVA
(Published in Journal of International Money and Finance, 2008, 27(1): 26-39)
WP No.17 / 2005
The Impact on IPO Performance of More Stringent Listing Rules with a Pre-listing Earnings Requirement: Evidence from Hong Kong
by Wai-yan CHENG, Yan-leung CHEUNG and Yuen-ching TSE
(Published in Journal of Business Finance and Accounting, 2006, 33, pp. 868 - 884)
WP No.16 / 2005
An Output Perspective on a Northeast Asia Currency Union
(Published in Prospects for Monetary Unions after the Euro, 2005, Chapter 11, pp. 289-317, The MIT Press.)
WP No.15 / 2005
Inflation in Mainland China - Modelling a Roller Coaster Ride
(Published in Pacific Economic Review, 11(4), 2006, pp. 413-429)
WP No.14 / 2005
Equity Valuation in Mainland China and Hong Kong: The Chinese A-H Share Premium
WP No.13 / 2005
Crisis and Challenge: The Changing Role of the Hongkong & Shanghai Bank, 1950-2000
WP No.12 / 2005
Empirical Exchange Rate Models of the Nineties: Are Any Fit to Survive?
by Yin-Wong CHEUNG (Research Fellow), Menzie D. CHINN and Antonio GARCIA-PASCUAL
(Published in Journal of International Money and Finance, 24, 2005, pp. 1150-1175)
WP No.11 / 2005
Corporate Finance Under Low Interest Rates: Evidence from Hong Kong
by Paul MIZEN (Research Fellow) and Cihan YALCIN
WP No.10 / 2005
Globalization and Disinflation: The Efficiency Channel
by Assaf RAZIN (Research Fellow) and Prakash LOUNGANI
WP No.09 / 2005
US Monetary Policy Announcements and the Term Structure of Interest Rate Differentials: Evidence from Hong Kong and Singapore
(Published in the 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)
WP No.08 / 2005
Expenditure Switching vs. Real Exchange Rate Stabilization: Competing Objectives for Exchange Rate Policy
(Journal of Monetary Economics, In Press, Corrected Proof, Available online 27 December 2006 Published in Journal of Monetary Economics, 2007, 54(8): 2346-2374)
WP No.07 / 2005
The Chinese Economies in Global Context: The Integration Process and Its Determinants
by Yin-Wong CHEUNG (Research Fellow), Menzie D. CHINN and Eiji FUJII
(Published in Journal of the Japanese and International Economies, 20, 2006, pp. 128-153)
WP No.06 / 2005
External Shocks, Transmission Mechanisms and Deflation in Asia
WP No.05 / 2005
Exchange Rates and Markov Switching Dynamics
by Yin-Wong CHEUNG (Research Fellow) and Ulf G. ERLANDSSON
(Published in Journal of Business and Economic Statistics, 23, 2005, pp. 314-320)
WP No.04 / 2005
Evaluation of Exchange-Rate, Capital-Market, and Dollarization Regimes in the Presence of Sudden Stops
by Assaf RAZIN (Research Fellow) and Yona RUBINSTEIN
WP No.03 / 2005
Balance of Payments Surplus and Renminbi Revaluation Pressure
by Huayu SUN and Yue MA (Research Fellow)
(Published in China Economic Review, 16(2), 2005, pp. 103-117)
WP No.02 / 2005
Optimal Transaction Filters under Transitory Trading Opportunities: Theory and Empirical Illustration
by Ronald J. BALVERS and Yangru WU (Research Fellow)
WP No.01 / 2005
The Impact of Macroeconomic and Regulatory Factors on Bank Efficiency: A Non-Parametric Analysis of Hong Kong's Banking System
(Published in Journal of Banking and Finance, Vol.30, 2006, pp.1443-1466)