WP No. 17 / 2019
Toward understanding short-selling activity: Demand and Supply
by Adrian Cheung, Hung Wan Kot, Eric Lam and Harry Leung
(Forthcoming in Accounting and Finance)
WP No. 16 / 2019
Interest Rate Differentials Under an Exchange Rate Convertibility Zone: A Carry Trade Perspective
WP No. 15 / 2019
Risk of window dressing: Quarter-end spikes in the Japanese yen Libor-OIS spread
by Mayu Kikuchi, Alfred Wong and Jiayue Zhang
(Published in Journal of Regulatory Economics 56(2): 149-166.)
WP No. 14 / 2019
Complexity of global banks and their foreign operation in Hong Kong
by Simon Kwan, Kelvin Ho and Edward Tan
WP No.13 / 2019
The Natural Level of Capital Flows
by John Burger, Francis E. WARNOCK and Veronica WARNOCK
WP No.12 / 2019
What is the Real Relationship between Cash Holdings and Stock Returns?
by Chewie Ang, Eric Lam, Tai Ma, Shujing Wang and John Wei
(Published in International Review of Economics & Finance, Volume 64, November 2019, Pages 513-528)
WP No.11 / 2019
Does Bitcoin behave as a currency?: A standard monetary model approach
by Cho-Hoi Hui, Chi-Fai Lo, Po-Hon Chau and Andrew Wong
(Accepted by International Review of Financial Analysis)
WP No.10 / 2019
Local Currency Bond Returns in Emerging Economies and the Role of Foreign Investors
by Inhwan So, Giorgio Valente and Jason Wu
WP No.09 / 2019
Predicting China's Monetary Policy with Forecast Combinations
WP No.08 / 2019
Quantitative Easing
by Wei CUI (Research Fellow) and Vincent STERK
WP No.07 / 2019
Global Drivers of Gross and Net Capital Flows
WP No.06 / 2019
The unintended consequences of regulation: Evidence from China’s interbank market
WP No.05 / 2019
The Dilemma and International Macroprudential Policy: Is Capital Flow Management Effective?
by Jian Wang (Research Fellow) and Jason Wu
WP No.04 / 2019
Limits-to-arbitrage, Investment Frictions, and the Investment Effect: New Evidence
by Eric Lam, Ya Li, Wikrom Prombutr and John Wei
(Published in European Financial Management, Volume 26, Issue 1, January 2020, Pages 3-43)
WP No.03 / 2019
Predictability in sovereign bond returns using technical trading rules: Do developed and emerging markets differ?
by Tom Fong and Gabriel Wu
(Published in North American Journal of Economics and Finance, Volume 51, January 2020, Article 101105)
WP No.02 / 2019
Demographic changes and inflation dynamics
WP No.01 / 2019
From a Quantity to an Interest Rate-Based Framework: Multiple Monetary Policy Instruments and Their Effects in China