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

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

Title Author(s)

Loan-to-Value Ratio as a Macro-Prudential Tool - Hong Kong's Experience and Cross-Country Evidence

Paper: WP11_01, 23.02.2011

What Drives China's Food-Price Inflation and How does It Affect the Aggregate Inflation?

Paper: WP10_06, 20.08.2010

JEL: E31, E32

An Analytical Framework for the Hong Kong Dollar Exchange Rate Dynamics under Strong Capital Inflows

Paper: WP10_05, 06.08.2010

JEL: E42, G14

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

Analysing Interconnectivity among Economies

Paper: WP10_03, 25.05.2010

JEL: F34, G13, G15

Offshore Markets for the Domestic Currency: Monetary and Financial Stability Issues

Paper: WP10_02, 09.04.2010

JEL: E51, E58, F33

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

A Structural Investigation into the Price and Wage Dynamics in Hong Kong

Paper: WP09_20, 06.01.2010

JEL: F30, G01, G12, G15

Measuring the Interdependence of Banks in Hong Kong

Paper: WP09_19, 28.12.2009

The Road to Recovery: Fiscal Stimulus, Financial Sector Rehabilitation, and Exit from Policy Easing

Paper: WP09_18, 15.12.2009

JEL: G30, H50, H60

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

A Framework for Monitoring Capital Flows in Hong Kong

Paper: WP09_16, 18.09.2009

JEL: F21, F32

Deteriorating Public Finances and Rising Government Debt: Implications for Monetary Policy

Paper: WP09_15, 18.09.2009

JEL: E43, E47, E52, E62, H63

Financial Services Sector as a Driver of Productivity Growth in Hong Kong

Paper: WP09_14, 28.08.2009

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

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

Liquidity, Risk Appetite and Exchange Rate Movements During the Financial Crisis of 2007-2009

Paper: WP09_11, 07.07.2009

JEL: F31, F32, F33

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

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

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

Measures of Trend Inflation in Hong Kong

Paper: WP09_07, 06.05.2009

JEL: C22, E31, E37

A Liquidity Risk Stress-Testing Framework with Interaction between Market and Credit Risks

Paper: WP09_06, 31.03.2009

JEL: C60, G13, G28

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

Role of Credit in Equity Market Booms and Busts

Paper: WP09_04, 27.02.2009

JEL: E51, E52, E58, G01

The Credibility of the Link from the Perspective of Modern Financial Theory

Paper: WP09_02, 16.02.2009

JEL: E42, G14

Impact of Financial Liberalisation on Stock Market Liquidity: Experience of China

Paper: WP09_03, 10.02.2009

JEL: C33, F36, G18, G32, L22

Forecasting a Large Dimensional Covariance Matrix of a Portfolio of Different Asset Classes

Paper: WP09_01, 23.01.2009

JEL: C52, G17, G32

Measuring Financial Market Interdependence and Assessing Possible Contagion Risk in the EMEAP Region

Paper: WP08_18, 13.01.2009

JEL: G01, G12, G15

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

Long-term and Short-term Determinants of Property Prices in Hong Kong

Paper: WP08_15, 27.10.2008

JEL: R31

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

Stress Testing Banks' Credit Risk Using Mixture Vector Autoregressive Models

Paper: WP08_13, 23.10.2008

What Drives Hong Kong Dollar Swap Spreads: Credit or Liquidity?

Paper: WP08_10, 25.09.2008

Changes in Investors' Risk Appetite ¿ An Assessment of Financial Integration and Interdependence

Paper: WP08_12, 21.08.2008

Impact of IPO Activities on the Hong Kong Dollar Interbank Market

Paper: WP08_11, 08.08.2008

JEL: E4, E43, E50, G14

A Note on Estimating Realignment Probabilities -- A First-Passage-Time Approach

Paper: WP08_09, 02.07.2008

JEL: F31, G13

Comparing Forecast Performance of Exchange Rate Models

Paper: WP08_08, 02.07.2008

JEL: C11, C52, C53

The Foreign Exchange Exposure of Chinese Banks

Paper: WP08_07, 02.07.2008

JEL: E58, F31, G21, G28

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

Do External Political Pressures Affect the Renminbi Exchange Rate?

Paper: WP08_05, 27.05.2008

JEL: F31, G10

Service Exports: The Next Engine of Growth For Hong Kong?

Paper: WP08_04, 29.04.2008

JEL: F1, F2

Market Expectation of Appreciation of the Renminbi

Paper: WP08_03, 16.04.2008

JEL: F31, G13

Predicting Stock Market Returns by Combining Forecasts

Paper: WP08_01, 07.04.2008

JEL: C13, G11, G12

Exchange Rate Pass-Through to Domestic Inflation in Hong Kong

Paper: WP08_02, 04.04.2008

JEL: F3, F4

A Leading Indicator Model of Banking Distress ¿ Developing an Early Warning System for Hong Kong and Other EMEAP Economies

Paper: WP07_22, 24.12.2007

JEL: E44, E47, G21

Is the Hong Kong Dollar Real Exchange Rate Misaligned?

Paper: WP07_21, 24.12.2007

JEL: F32, F41

How Large is the Wealth Effect on Hong Kong¿s Consumption? Evidence from a Habit Formation Model of Consumption

Paper: WP07_20, 24.12.2007

JEL: E21, E32

Assessing the Credibility of The Convertibility Zone of The Hong Kong Dollar

Paper: WP07_19, 24.12.2007

JEL: C11, C15, C22, F31

Hong Kong's Consumption Function Revisited

Paper: WP07_16, 12.12.2007

JEL: E21, E32

How Do Macroeconomic Developments in Mainland China Affect Hong Kong's Short-term Interest Rates?

Paper: WP07_17, 11.12.2007

JEL: E4, F36

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