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
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
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
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
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
(Forthcoming in Pacific Economic Review)
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
(Forthcoming in Journal of Financial Engineering. The new title is "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)
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)
(Forthcoming in China Economic Review)
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
WP No.07 / 2015
What Measures Chinese Monetary Policy?
(Forthcoming in Journal of International Money and Finance)
WP No.06 / 2015
Meta-Analysis of Chinese Business Cycle Correlation
by Jarko Fidrmuc and Iikka KORHONEN (Research Fellow)
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
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
(Forthcoming in Pacific Economic Review)