Central Bank Research Hub - Series: Hong Kong Monetary Authority Working Papers 2008

Papers by year: All | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001

	Title	Author(s)
Abstract Full text	Loan-to-Value Ratio as a Macro-Prudential Tool - Hong Kong's Experience and Cross-Country Evidence Paper: WP11_01, 23.02.2011	Henry Choi Ka-fai Li Tom Fong Eric Wong
Abstract Full text	What Drives China's Food-Price Inflation and How does It Affect the Aggregate Inflation? Paper: WP10_06, 20.08.2010 JEL: E31, E32	Wenlang Zhang Daniel Law
Abstract Full text	An Analytical Framework for the Hong Kong Dollar Exchange Rate Dynamics under Strong Capital Inflows Paper: WP10_05, 06.08.2010 JEL: E42, G14	Yue Ma Matthew Yiu Shu-Ki Tsang Wai-Yip Alex Ho
Abstract Full text	Using Interest Rate Derivative Prices to Estimate LIBOR-OIS Spread Dynamics and Systemic Funding Liquidity Shock Probabilities Paper: WP10_04, 28.06.2010 JEL: F31, G13	Tsz-Kin Chung Cho-Hoi Hui Chi-Fai Lo
Abstract Full text	Analysing Interconnectivity among Economies Paper: WP10_03, 25.05.2010 JEL: F34, G13, G15	Tom Fong Alfred Wong
Abstract Full text	Offshore Markets for the Domestic Currency: Monetary and Financial Stability Issues Paper: WP10_02, 09.04.2010 JEL: E51, E58, F33	Robert N. McCauley Dong He
Abstract Full text	Dynamic Correlation Analysis of Financial Spillover to Asian and Latin American Markets in Global Financial Turmoil Paper: WP10_01, 08.04.2010 JEL: F30, G01, G12, G15	Lu Jin Matthew S. Yiu Wai-Yip Alex Ho
Abstract Full text	A Structural Investigation into the Price and Wage Dynamics in Hong Kong Paper: WP09_20, 06.01.2010 JEL: F30, G01, G12, G15	Wai-Yip Alex Ho Michael Cheng
Abstract Full text	Measuring the Interdependence of Banks in Hong Kong Paper: WP09_19, 28.12.2009	Lillie Lam Tom Fong Ip-wing Yu Laurence Fung
Abstract Full text	The Road to Recovery: Fiscal Stimulus, Financial Sector Rehabilitation, and Exit from Policy Easing Paper: WP09_18, 15.12.2009 JEL: G30, H50, H60	Zhiwei Zhang Wenlang Zhang
Abstract Full text	Dislocations in FX Swap and Money Markets in Hong Kong and Policy Actions during the Financial Crisis of 2008 Paper: WP09_17, 03.11.2009	Ip-wing Yu Laurence Fung
Abstract Full text	A Framework for Monitoring Capital Flows in Hong Kong Paper: WP09_16, 18.09.2009 JEL: F21, F32	Frank Leung Philip Ng Dong He
Abstract Full text	Deteriorating Public Finances and Rising Government Debt: Implications for Monetary Policy Paper: WP09_15, 18.09.2009 JEL: E43, E47, E52, E62, H63	Jessica Szeto Lillian Cheung Chi-sang Tam
Abstract Full text	Financial Services Sector as a Driver of Productivity Growth in Hong Kong Paper: WP09_14, 28.08.2009	Frank Leung Gaofeng Han Kevin Chow
Abstract Full text	Funding Liquidity Risk and Deviations from Interest-Rate Parity During the Financial Crisis of 2007-2009 Paper: WP09_13, 07.08.2009 JEL: F31, F32, F33	Tsz-Kin Chung Hans Genberg Cho-Hoi Hui
Abstract Full text	How Does the US Credit Crisis Affect the Asia-Pacific Economies? --- Analysis based on a General Equilibrium Model Paper: WP09_12, 05.08.2009 JEL: D10, F32, G01	Zhiwei Zhang Wenlang Zhang Gaofeng Han
Abstract Full text	Liquidity, Risk Appetite and Exchange Rate Movements During the Financial Crisis of 2007-2009 Paper: WP09_11, 07.07.2009 JEL: F31, F32, F33	Tsz-Kin Chung Hans Genberg Cho-Hoi Hui
Abstract Full text	Hong Kong's Financial Market Interactions with the US and Mainland China in Crisis and Tranquil Times Paper: WP09_10, 03.07.2009 JEL: C22, E44, F36	Zhiwei Zhang Honglin Wang Dong He
Abstract Full text	Econometric Approach to Early Warnings of Vulnerability in the Banking System and Currency Markets for Hong Kong and Other EMEAP Economies Paper: WP09_08, 02.07.2009 JEL: E44, F31, F42, F47, G21	Lu Jin Matthew S. Yiu Alex Ho
Abstract Full text	A Study on the Transmission of Money Market Tensions in EMEAP Economies During the Credit Crisis of 2007 – 2008 Paper: WP09_09, 29.05.2009 JEL: E50, E58, G15	Ip-wing Yu Laurence Fung
Abstract Full text	Measures of Trend Inflation in Hong Kong Paper: WP09_07, 06.05.2009 JEL: C22, E31, E37	Frank Leung Simon Chan Kevin Chow
Abstract Full text	A Liquidity Risk Stress-Testing Framework with Interaction between Market and Credit Risks Paper: WP09_06, 31.03.2009 JEL: C60, G13, G28	Eric Wong Cho-Hoi Hui
Abstract Full text	How Large Will Be the Effect of China's Fiscal-Stimulus Package on Output and Employment? Paper: WP09_05, 23.03.2009 JEL: E2, H5	Zhiwei Zhang Wenlang Zhang Dong He
Abstract Full text	Role of Credit in Equity Market Booms and Busts Paper: WP09_04, 27.02.2009 JEL: E51, E52, E58, G01	Lillian Cheung Chi-sang Tam
Abstract Full text	The Credibility of the Link from the Perspective of Modern Financial Theory Paper: WP09_02, 16.02.2009 JEL: E42, G14	Hans Genberg Cho-hoi Hui
Abstract Full text	Impact of Financial Liberalisation on Stock Market Liquidity: Experience of China Paper: WP09_03, 10.02.2009 JEL: C33, F36, G18, G32, L22	Jess Lee Alfred Wong
Abstract Full text	Forecasting a Large Dimensional Covariance Matrix of a Portfolio of Different Asset Classes Paper: WP09_01, 23.01.2009 JEL: C52, G17, G32	Lillie Lam Ip-wing Yu Laurence Fung
Abstract Full text	Measuring Financial Market Interdependence and Assessing Possible Contagion Risk in the EMEAP Region Paper: WP08_18, 13.01.2009 JEL: G01, G12, G15	Laurence Fung Lillian Cheung Chi-sang Tam
Abstract Full text	Structural Reform, Intra-Regional Trade, and Medium-Term Growth Prospects of East Asia and the Pacific --- Perspectives from a new multi-region model Paper: WP08_17, 17.12.2008 JEL: E2, E6, F4, O4	Wenlang Zhang Ping Zhang Papa N’Diaye
Abstract Full text	Long-term and Short-term Determinants of Property Prices in Hong Kong Paper: WP08_15, 27.10.2008 JEL: R31	Frank Leung Gaofeng Han Kevin Chow
Abstract Full text	How Dependent is the Chinese Economy on Exports and in What Sense has its Growth been Export-led? Paper: WP08_14, 27.10.2008 JEL: F13, O11, O43	Wenlang Zhang Dong He
Abstract Full text	Stress Testing Banks' Credit Risk Using Mixture Vector Autoregressive Models Paper: WP08_13, 23.10.2008	Tom Pak-wing Fong Chun-shan Wong
Abstract Full text	What Drives Hong Kong Dollar Swap Spreads: Credit or Liquidity? Paper: WP08_10, 25.09.2008	Lillie Lam Cho-Hoi Hui
Abstract Full text	Changes in Investors' Risk Appetite – An Assessment of Financial Integration and Interdependence Paper: WP08_12, 21.08.2008	Chi-sang Tam Ip-wing Yu Laurence Fung
Abstract Full text	Impact of IPO Activities on the Hong Kong Dollar Interbank Market Paper: WP08_11, 08.08.2008 JEL: E4, E43, E50, G14	Frank Leung Philip Ng
Abstract Full text	A Note on Estimating Realignment Probabilities -- A First-Passage-Time Approach Paper: WP08_09, 02.07.2008 JEL: F31, G13	Chi-Fai Lo Cho-Hoi Hui
Abstract Full text	Comparing Forecast Performance of Exchange Rate Models Paper: WP08_08, 02.07.2008 JEL: C11, C52, C53	Lillie Lam Ip-wing Yu Laurence Fung
Abstract Full text	The Foreign Exchange Exposure of Chinese Banks Paper: WP08_07, 02.07.2008 JEL: E58, F31, G21, G28	Phyllis Leung Eric Wong Jim Wong
Abstract Full text	What Prompts the People's Bank of China to Change its Monetary Policy Stance? Evidence from a Discrete Choice Model Paper: WP08_06, 19.06.2008 JEL: C25, C32, E52, E58	Laurent L. Pauwels Dong He
Abstract Full text	Do External Political Pressures Affect the Renminbi Exchange Rate? Paper: WP08_05, 27.05.2008 JEL: F31, G10	Li-gang Liu Jun-yu Chan Laurent L. Pauwels
Abstract Full text	Service Exports: The Next Engine of Growth For Hong Kong? Paper: WP08_04, 29.04.2008 JEL: F1, F2	Frank Leung Jessica Szeto Dickson Tam Kevin Chow
Abstract Full text	Market Expectation of Appreciation of the Renminbi Paper: WP08_03, 16.04.2008 JEL: F31, G13	Tsz-Kin Chung Chi-Fai Lo Cho-Hoi Hui
Abstract Full text	Predicting Stock Market Returns by Combining Forecasts Paper: WP08_01, 07.04.2008 JEL: C13, G11, G12	Ip-wing Yu Laurence Fung
Abstract Full text	Exchange Rate Pass-Through to Domestic Inflation in Hong Kong Paper: WP08_02, 04.04.2008 JEL: F3, F4	Li-gang Liu Andrew Tsang

Papers by year: All | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001