2004

13/12/2004	When the Hong Kong Dollar "Came of Age": the Currency Debacle of 1967 by Catherine Schenk
09/12/2004	Asian Monetary Union - Where Do We Go From Here? by Tony Latter
04/12/2004	The Foreign Exchange System of China: Review and Prospect (conducted in Cantonese, Supplemented with English) by Shu-ki Tsang
25/11/2004	Business Cycle and Inflation Synchronization in Mainland China and Hong Kong by Petra Gerlach
19/11/2004	The Use of Real Time Information in Phillips Curve Relationships for the Euro Area by David Mayes
17/11/2004	The Pricing of Unexpected Credit Losses by Eli Remolona
12/11/2004	The U.S. Trade Deficit, the U.S. Fiscal Deficit, and the Foreign Exchange Value of the U.S. Dollar by Robert Aliber
11/11/2004	Neutral interest rate - How Useful It Is for Monetary Policy in Canada? by Ben Fung
08/11/2004	Crisis and Challenge: The Changing Role of the HongKong & Shanghai Bank, 1950-2000 by Leo Goodstadt
19/10/2004	Equity Valuation in Hong Kong and Mainland: Focus on Chinese A-H Share Premium by Zhijun Zhao
14/10/2004	The Information Content of Option Implied Volatility Surrounding the 1997 Hong Kong Stock Market Crash by Joseph Fung
12/10/2004	Transparency and International Portfolio Holdings by Shang-jin Wei
27/09/2004	Exchange-Rate Regimes: Does What Countries Say Matter? by Hans Genberg
23/09/2004	Competing Objectives for Exchange Rate Policy by Michael Devereux
30/08/2004	US Monetary Policy Announcements and the Term Structure of Interest Rate Differentials: Some New Evidence from the Futures Market by Giorgio Valente
24/08/2004	Speculative Bubbles: An Investigation of the Stock Markets of Mainland China and Hong Kong by Yue Ma
12/08/2004	Measuring Provisions for Collateralised Retail Lending by Cho-Hoi Hui
21/07/2004	Order-imbalance and the Pricing of Index Futures by Joseph Fung
12/07/2004	An Option-Based Approach to Bank Vulnerabilities in Emerging Markets by Janet Kong
28/06/2004	Were there Regime Switches in US Monetary Policy? by Tao Zha
18/06/2004	Time Variation and Asymmetry in the World Price of Covariance Risk: The Implications for International Diversification by O'lan Henry
09/06/2004	Two-Sided Learning and Optimal Open-Economy Monetary Policy Design by Timothy Kam
03/06/2004	Output Gaps and Inflation in Mainland China by Wensheng Peng
28/05/2004	Exchange Rate Regimes, Specialization and Trade Volume by Graham Voss
10/05/2004	Taylor Rules and the Deutchemark-Dollar Real Exchange Rate by Kenneth West
29/04/2004	Monetary Policy Operating Procedures in the Three Major Economies: Main Features and Current Issues by Claudio Borio, Spence Hilton, Paul Mercier and Hiroshi Nakaso
15/04/2004	Financial Engineering of Speculative Reminbi Positions and Implications for HKD by Salih Neftci
13/04/2004	The Unintended Consequences of the Asian Bond Fund by Barry Eichengreen
07/04/2004	Data of Monetary and Financial History of Hong Kong by Matthew Yiu and Steven Chan
29/03/2004	Wage Differentials and Ownership Structure in Chinese Enterprises by Sylvie Demurger
23/03/2004	Inflation Targeting in Asia (The first HKIMR occasional paper) by Takatoshi Ito
19/02/2004	Taking Two Steps at A Time: On the Optimal Step Pattern of Policy Rates by Petra Gerlach
17/02/2004	Robust Monetary Policy by James Yetman
12/02/2004	Tunneling, Propping and Expropriation: Evidence from Connected Party Transactions in Hong Kong by Stephen Cheung
05/02/2004	Hong Kong's Exchange Rate Regimes in the Twentieth Century: The story of three regime changes by Tony Latter
15/01/2004	The Impact of Firm-Specific Characteristics on the Response to Monetary Policy Actions by Paul Mizen
09/01/2004	Assessing Deflationary Dynamics in Hong Kong with Linear and Non-Linear Regime Switching Models by Paul McNelis
08/01/2004	Testing the Strong-Form of Market Discipline: The Effects of Public Market Signals on Bank Risk by Simon Kwan