WP No.20 / 2016
Credit Default Swaps, Exacting Creditors and Corporate Liquidity Management
(Published in Journal of Financial Economics, Volume 124, Issue 2, May 2017, pages 395-414)
WP No.19 / 2016
Effects of Monetary Policy Shocks on Exchange Rate in Emerging Countries
by Soyoung KIM (Research Fellow) and Kuntae Lim
WP No.18 / 2016
Dynamic interactions between government bonds and exchange rate expectations in currency options
by Cho-Hoi Hui and Edward Tan
WP No.17 / 2016
How Do Housing Purchase Limits Affect Firm Default Risks in Mainland China?
by Gaofeng Han and Shilin Zheng
(Published in Journal of World Economy, Volume 10, 2016)
WP No.16 / 2016
Risk-adjusted Covered Interest Parity: Theory and Evidence
by Alfred Wong, David Leung and Calvin Ng
WP No.15 / 2016
The Diffusion and Dynamics of Producer Prices, Deflationary Pressure Across Asian Countries, and the Role of China
WP No.14 / 2016
Offshore Renminbi Trading: Findings from the 2013 Triennial Central Bank Survey
by Matthew S. Yiu and Yin-Wong CHEUNG (Research Fellow)
(Published in International Economics, Volume 152, December 2017, Pages 9-20)
WP No.13 / 2016
A New Approach to the Estimation of Equilibrium Real Exchange Rates among East-Asian Economies
by Juan Carlos Martinez Oliva
WP No.12 / 2016
International Banking and Cross-border Effects of Regulation: Lessons from Hong Kong
by Kelvin Ho, Eric Wong and Edward Tan
(Published in International Journal of Central Banking, Vol. 13, No. S1, (2017), pp. 195-221)
WP No.11 / 2016
Pricing Corporate Bonds With Interest Rates Following Double Square-root Process
by Chi-fai LO (Research Fellow) and Cho-Hoi Hui
(Published in International Journal of Financial Engineering Vol. 3, No. 3, 1650015 (2016))
WP No.10 / 2016
The Renminbi Central Parity: An Empirical Investigation
by Yin-Wong CHEUNG (Research Fellow), Cho-Hoi Hui and Andrew Tsang
(Published in Pacific Economic Review, Vol. 23, No. 2, (2018), pp. 164–183)
WP No.09 / 2016
The Impact of US Monetary Policy and Other External Shocks on the Hong Kong Economy: A Factor-augmented VAR Approach
by Hongyi Chen and Andrew Tsang
(Published in Pacific Economic Review, 2020, Volume 25, pages 3-20)
WP No.08 / 2016
Measuring Spillovers between the US and Emerging Markets
by Tom Pak Wing Fong, Ka Fai Li and Angela Kin Wan Sze
WP No.07 / 2016
Exchange Rate Dynamics and US Dollar-denominated Sovereign Bond Prices in Emerging Markets
by Cho-Hoi Hui, Chi-Fai Lo and Po-Hon Chau
(Published in North American Journal of Economics and Finance, Vol. 44: 109-128 (2018))
WP No.06 / 2016
The Effectiveness of Monetary Policy in China: Evidence from a Qual VAR
(Published in China Economic Review, Vol. 43, (2017), pp. 216-231)
WP No.05 / 2016
Competition and Bank Opacity
by Liangliang Jiang, Ross Levine and Chen LIN (Research Fellow)
(Published in The Review of Financial Studies, Volume 29, Issue 7, July 26)
WP No.04 / 2016
The Coming Wave: Where Do Emerging Market Investors Put Their Money?
by G. Andrew Karolyi, David NG (Research Fellow) and Eswar S. Prasad
(Published in Journal of Financial and Quantitative Analysis, Volume 55, Issue 4)
WP No.03 / 2016
A New Dilemma: Capital Controls and Monetary Policy in Sudden-Stop Economies
(Published in Journal of Monetary Economics, Volume 103, May 2019, pages 52-74)
WP No.02 / 2016
SOE and Chinese Real Business Cycle
(Published in Annals of Economics & Finance, 21-2, 415-469 (2020))
WP No.01 / 2016
Do banks extract informational rents through collateral?
by Bing Xu, Honglin Wang and Adrian van Rixtel