WP No.20 / 2016
Credit Default Swaps, Exacting Creditors and Corporate Liquidity Management
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)
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
WP No.03 / 2016
A New Dilemma: Capital Controls and Monetary Policy in Sudden-Stop Economies
WP No.02 / 2016
SOE and Chinese Real Business Cycle
WP No.01 / 2016
Do banks extract informational rents through collateral?
by Bing Xu, Honglin Wang and Adrian van Rixtel