WP No.27 / 2015
China: Credit, Collateral, and Commodity Prices
by Shaun K. Roache and Marina Rousset
WP No.26 / 2015
Elastic Attention, Risk Sharing, and International Comovements
by Wei Li, Yulei LUO (Research Fellow) and Jun Nie
(Published in Journal of Economic Dynamics and Control, Volume 79, June 2017, pages 1-20)
WP No.25 / 2015
The Nexus of Official and Illicit Capital Flows – The Case of Hong Kong
by Yin-Wong CHEUNG (Research Fellow), Kenneth K. Chow and Matthew S. Yiu
(Published in Pacific Economic Review, Volume 22, Issue 3)
WP No.24 / 2015
Accounting for Sovereign Tail Risk in Emerging Economies: The Role of Global and Domestic Risk Factors
by Tom Fong, Ka-Fai Li and John Fu
(Published at Emerging Markets Review, Volume 34, March 2018, Pages 98-110 )
WP No.23 / 2015
Exploring Determinants of Firms’ Participation in the New Offshore Renminbi Debt Securities Market
by Paul MIZEN (Research Fellow) and Serafeim Tsoukas
(Published in Oxford Economic Papers, Volume 66, Issue 1, January 2014, pages 227-253)
WP No.22 / 2015
Fundamentals and the Volatility of Real Estate Prices in China: A Sequential Modelling Strategy
by Yongheng Deng, Eric GIRARDIN (Research Fellow) and Roselyne Joyeux
(Published in China Economic Review, Volume 48, April 2018, pages 205-222)
WP No.21 / 2015
Term-Structure Modelling at the Zero Lower Bound: Implications for Estimating the Term Premium
by Tsz-Kin Chung, Cho-Hoi Hui and Ka-Fai Li
(Published in Finance Research Letters Vol. 21, (2017), Pages 100-106. The new title is "Term-structure modelling at the zero lower bound: Implications for estimating the forward term premium")
WP No.19 / 2015
Asynchronous Monetary Policies and International Dollar Credit
by Dong He, Eric Wong, Andrew Tsang and Kelvin Ho
(Published in Pacific Economic Review, Volume 23, Issue 1, February 2018, Pages 95-108. New Title: "Divergent Monetary Policies and International Dollar Credit: Evidence from Bank-Level Data")
WP No.18 / 2015
Measuring Contagion-Induced Funding Liquidity Risk in Sovereign Debt Markets
by Cho-Hoi Hui, Chi-Fai Lo, Xiao-Fen Zheng and Tom Fong
(Published in International Journal of Financial Engineering, Volume 5, Issue 2, June 2018, 1850010. New title: "Probabilistic Approach to Measuring Early-Warning Signals of Systemic Contagion Risk")
WP No.17 / 2015
Capital Market Financing, Firm Growth, and Firm Size Distribution
by Tatiana Didier, Ross Levine and Sergio L. SCHMUKLER (Research Fellow)
(Published in Journal of International Money and Finance, Volume 118, November 2021, 102459)
WP No.16 / 2015
China’s Capital and “Hot” Money Flows: An Empirical Investigation
by Tao Cai, Vinh Q. T. Dang and Jennifer LAI (Research Fellow)
(Published in Pacific Economic Review, Vol. 21, Issue 3, (2016), pp. 276-294)
WP No.15 / 2015
Swiss Franc’s One-Sided Target Zone during 2011-2015
by C. H. Hui, C. F. Lo and T. Fong
(Published in International Review of Economics and Finance, Vol. 44, (2016), pp. 54–67)
WP No.14 / 2015
Global Liquidity, Capital Inflows and House Prices in ASEAN Economies
by Matthew S. Yiu and Sahminan Sahminan
(Published in International Real Estate Review, Vol.20(1), (Spring 2017), pages 105-126.)
WP No.13 / 2015
How Might Sovereign Bond Yields in Asia Pacific React to US Monetary Normalisation under Turbulent Market Conditions?
by Tom Fong, Ceara Hui and Alfred Wong
WP No.12 / 2015
Monetary Policy Transmission in China: A DSGE Model with Parallel Shadow Banking and Interest Rate Control
by Michael FUNKE (Research Fellow), Petar Mihaylovski and Haibin Zhu
WP No.11 / 2015
Measuring the On-Going Changes in China’s Capital Flow Management: A De Jure and a Hybrid Index Data Set
by Jinzhao Chen and Xingwang QIAN (Research Fellow)
(Published in China Economic Review, Volume 38, April 2016, Pages 167-182. New Title:" Measuring On-Going Changes in China's Capital Controls: A De Jure and a Hybrid Index Data Set")
WP No.10 / 2015
Corporate Leverage in China: Why has It Increased Fast in Recent Years and Where do the Risks Lie?
by Wenlang Zhang, Gaofeng Han, Brian Ng and Steven Chan
WP No.09 / 2015
Anti-Comparative Advantage: A Puzzle in U.S.-China Bilateral Trade
by Jiandong JU (Research Fellow), Ziru Wei and Hong Ma
WP No.08 / 2015
The International Transmission of U.S. Monetary Policy: New Evidence from Trade Data
by Shu LIN (Research Fellow) and Haichun Ye
(Published in Journal of Development Economics, Volume 133, July 2018, pages 33-41)
WP No.07 / 2015
What Measures Chinese Monetary Policy?
(Published in Journal of International Money and Finance, Volume 59, Issue C, 2015, Pages 263-286)
WP No.06 / 2015
Meta-Analysis of Chinese Business Cycle Correlation
by Jarko Fidrmuc and Iikka KORHONEN (Research Fellow)
(Published in Pacific Economic Review, Volume 23, Issue 3)
WP No.05 / 2015
The Domestic Segment of Global Supply Chains in China under State Capitalism
by Heiwai TANG (Research Fellow), Fei Wang and Zhi Wang
(Published in Journal of Comparative Economics, Volume 48, Issue 4, December 2020, pages 797-821)
WP No.04 / 2015
International Asset Allocations and Capital Flows: The Benchmark Effect
by Claudio Raddatz, Sergio L. SCHMUKLER (Research Fellow) and Tomás Williams
WP No.03 / 2015
Capital Management and Leverage of Foreign Bank Subsidiaries in a Host Country: A Case in Hong Kong
by Kelvin Ho, Cho-Hoi Hui, Ka-Fai Li and Jim Wong
WP No.02 / 2015
The International Transmission of Shocks: Foreign Bank Branches in Hong Kong during Crises
by Simon H. KWAN (Research Fellow), Eric T.C. Wong and Cho-hoi Hui
WP No.01 / 2015
The Internationalisation of the Renminbi as an Investing and a Funding Currency: Analytics and Prospects
by Dong He, Paul Luk and Wenlang Zhang
(Published in Pacific Economic Review, Volume 21, Issue 3, August 2016)