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2017
- 062017 The RMB Central Parity Formation Mechanism after August 2015: A Statistical Analysis
by Yin-Wong Cheung & Cho-Hoi Hui & Andrew Tsang - 052017 Financial Flexibility and Corporate Cash PolicyAbstract: Debt capacity creates financial flexibility and collateral-based debt capacity is the least sensitive to cash flow shocks. Using variation in real estate prices as exogenous shocks to corporate financing capacity, we investigate the causal effects of financial flexibility on firms¡¯ cash policies. We find strong evidence that increases in debt capacity lead to smaller corporate cash reserves and declines in the marginal value of cash holdings. We further find that the decrease in cash holdings is more pronounced in firms with higher hedging needs, greater investment opportunities, financial constraints, better corporate governance and lower local real estate price volatility
by Tao Chen & Jarrad Harford & Chen Lin - 042017 Exchange Rate Movements and Fundamentals: Impact of Oil Prices and China¡¯s Growth
by Shuo Cao & Hongyi Chen - 032017 Can Exchange Rate Dynamics in Krugman¡¯s Target-zone Model be Directly Tested?Abstract: Despite Krugman's (1991) model being a benchmark for modelling target zones, empirical support has been sparse due to the subtle non-linear relationship between the observable exchange rate and underlying unobservable fundamental. This paper provides an alternative approach to derive explicit exchange rate dynamics by approximating a quadratic relationship between the exchange rate and fundamental through a power-series method. The exchange rate dynamics with a parametric class of drift terms of the stochastic fundamental, including zero-trend (Krugman¡¯s model), symmetric and asymmetric mean-reverting forces regarding how central banks intervene are ready for direct empirical tests. The empirical results demonstrate that the derived dynamics following a square-root process (in Krugman¡¯s model), or mean-reverting square-root process, adequately fit the exchange rate data of various target-zone systems including the Exchange Rate Mechanism and the Linked Exchange Rate System of the Hong Kong dollar. The model parameters of the exchange rate dynamics under the asymmetric mean-reverting fundamental are shown to be associated with realignment of the currencies¡¯ target zones
by Cho-Hoi Hui & Chi-Fai Lo & Po-Hon Chau - 022017 Effects of Intermediate Input Tariff Reduction on Innovations in China
by Qing Liu & Larry D Qiu - 012017 Effects of Capital Flow on the Equity and Housing Markets in Hong Kong
by Yin-Wong Cheung & Kenneth K. Chow & Matthew S. Yiu
2016
- 202016 Credit Default Swaps, Exacting Creditors and Corporate Liquidity Management
by Marti G. Subrahmanyam & Dragon Yongjun Tang & Sarah Qian Wang - 192016 Effects of Monetary Policy Shocks on Exchange Rate in Emerging Countries
by Soyoung Kim & Kuntae Lim - 182016 Dynamic interactions between government bonds and exchange rate expectations in currency options
by Cho-Hoi Hui & Edward Tan - 172016 How do housing purchase limits affect firm default risks in Mainland China?
by Alfred Wong & David Leung & Calvin Ng - 162016 Risk-adjusted Covered Interest Parity: Theory and Evidence
by Alfred Wong & David Leung & Calvin Ng - 152016 The Diffusion and Dynamics of Producer Prices, Deflationary Pressure across Asian Countries, and the Role of China
by Hongyi Chen & Michael Funke & Andrew Tsang - 142016 Offshore Renminbi Trading: Findings from the 2013 BIS Triennial Central Bank Survey
by Yin-Wong CheungAuthor-Workplace-Name: City University of Hong Kong & Matthew S. Yiu - 132016 A New Approach to the Estimation of Equilibrium Real Exchange Rates among East-Asian Economies
by Kelvin Ho & Eric Wong & Edward Tan - 122016 Pricing Corporate Bonds With Interest Rates Following Double Square-root Process
by Kelvin Ho & Eric Wong & Edward Tan - 112016 Pricing Corporate Bonds With Interest Rates Following Double Square-root Process
by Chi-Fai Lo & Cho-Hoi Hui - 102016 The Renminbi Central Parity: An Empirical Investigation
by Yin-Wong Cheung & Cho-Hoi Hui & Andrew Tsang - 092016 The Impact of US Monetary Policy and Other External Shocks on the Hong Kong Economy: A Factor-augmented VAR Approach
by Hongyi Chen & Andrew Tsang - 082016 Measuring Spillovers between the US and Emerging Markets
by Tom Pak Wing FongAuthor-Workplace-Name: Research Department, Hong Kong Monetary Authority & Ka Fai LiAuthor-Workplace-Name: Research Department, Hong Kong Monetary Authority & Angela Kin Wan Sze - 072016 Exchange Rate Dynamics and US Dollar-denominated Sovereign Bond Prices in Emerging Markets
by Cho-Hoi Hui & Chi-Fai Lo & Po-Hon Chau - 062016 The Effectiveness of Monetary Policy in China: Evidence from a Qual VAR
by Hongyi Chen & Kenneth ChowAuthor-Workplace-Name: Hong Kong Monetary Authority & Peter Tillmann - 052016 Competition and Bank Opacity
by Liangliang Jiang & Ross Levine & Chen Lin - 042016 The Coming Wave: Where Do Emerging Market Investors Put Their Money?
by G. Andrew Karolyi & David T. Ng & Eswar S. PrasadAuthor-Workplace-Name: Cornell University - 032016 A New Dilemma: Capital Controls and Monetary Policy in Sudden-Stop Economies
by Michael B. Devereux & Eric R. Young & Changhua Yu - 022016 SOE and Chinese Real Business Cycle
by Daoju Peng & Kang ShiAuthor-Workplace-Name: Chinese University of Hong Kong & Juanyi XuAuthor-Workplace-Name: Hong Kong University of Science and Technology - 012016 Do banks extract informational rents through collateral?
by Bing Xu & Honglin Wang & Adrian van Rixtel
2015
- 222015 Fundamentals and the Volatility of Real Estate Prices in China: A Sequential Modelling Strategy
by Yongheng Deng & Eric Girardin & Roselyne Joyeux - 222015 Fundamentals and the Volatility of Real Estate Prices in China: A Sequential Modelling Strategy
by Yongheng Deng & Eric Girardin & Roselyne Joyeux - 222015 Fundamentals and the Volatility of Real Estate Prices in China: A Sequential Modelling Strategy
by Yongheng Deng & Eric Girardin & Roselyne Joyeux - 222015 Fundamentals and the Volatility of Real Estate Prices in China: A Sequential Modelling Strategy
by Yongheng Deng & Eric Girardin & Roselyne Joyeux - 222015 Fundamentals and the Volatility of Real Estate Prices in China: A Sequential Modelling Strategy
by Yongheng Deng & Eric Girardin & Roselyne Joyeux - 222015 Fundamentals and the Volatility of Real Estate Prices in China: A Sequential Modelling Strategy
by Yongheng Deng & Eric Girardin & Roselyne Joyeux - 212015 Term-Structure Modelling at the Zero Lower Bound: Implications for Estimating the Term Premium
by Tsz-Kin Chung & Cho-Hoi Hui & Ka-Fai Li - 202015 Effectiveness of Loan-To-Value Ratio Policy and Its Transmission Mechanism ¨C Empirical Evidence from Hong Kong
by Eric Wong & Kelvin Ho & Andrew Tsang - 192015 Asynchronous Monetary Policies and International Dollar Credit
by Dong He & Eric Wong & Andrew Tsang & Kelvin Ho - 182015 Measuring Contagion-Induced Funding Liquidity Risk in Sovereign Debt Markets
by Cho-Hoi Hui & Chi-Fai Lo & Xiao-Fen Zheng & Tom Fong - 172015 Capital Market Financing, Firm Growth, and Firm Size Distribution
by Tatiana Didier & Ross Levine & Sergio L. Schmukler - 162015 China's Capital and "Hot" Money Flows: An Empirical Investigation
by Tao Cai & Vinh Q. T. Dang & Jennifer T. Lai - 152015 A Quasi-Bounded Model for Swiss Franc's One-Sided Target Zone During 2011-2015
by C. H. Hui & C. F. Lo & T. Fong - 142015 Global Liquidity, Capital Inflows and House Prices in ASEAN Economies
by Matthew S. Yiu & Sahminan Sahminan - 132015 How Might Sovereign Bond Yields in Asia Pacific React to US Monetary Normalisation under Turbulent Market Conditions?
by Tom Fong & Ceara Hui & Alfred Wong - 122015 Monetary Policy Transmission in China: A DSGE Model with Parallel Shadow Banking and Interest Rate Control
by Michael Funke & Petar Mihaylovski & Haibin Zhu - 112015 Measuring the On-Going Changes in China's Capital Flow Management: A De Jure and a Hybrid Index Data Set
by Jinzhao Chen & Xingwang Qian - 102015 Corporate Leverage in China: Why has It Increased Fast in Recent Years and Where do the Risks Lie?
by Wenlang Zhang & Gaofeng Han & Brian Ng & Steven Chan - 092015 Anti-Comparative Advantage: A Puzzle in U.S.-China Bilateral Trade
by Jiandong Ju & Ziru Wei & Hong Ma - 082015 The International Transmission of U.S. Monetary Policy: New Evidence from Trade Data
by Shu Lin & Haichun Ye - 072015 What Measures Chinese Monetary Policy?
by Rongrong Sun - 062015 Meta-Analysis of Chinese Business Cycle Correlation
by Jarko Fidrmuc & Iikka Korhonen - 052015 The Domestic Segment of Global Supply Chains in China under State Capitalism
by Heiwai Tang & Fei Wang & Zhi Wang - 042015 International Asset Allocations and Capital Flows: The Benchmark Effect
by Claudio Raddatz & Sergio L. Schmukler & Tomas Williams - 032015 Capital Management and Leverage of Foreign Bank Subsidiaries in a Host Country: A Case in Hong Kong
by Kelvin Ho & Cho-Hoi Hui & Ka-Fai Li & Jim Wong - 022015 The International Transmission of Shocks: Foreign Bank Branches in Hong Kong during Crises
by Simon Kwan & Eric T.C. Wong & Cho-hoi Hui - 012015 The Internationalisation of the Renminbi as an Investing and a Funding Currency: Analytics and Prospects
by Dong He & Paul Luk & Wenlang Zhang
2014
- 322014 Shadow Banking and Bank Capital Regulation
by Guillaume Plantin - 312014 Betting the House
by Oscar Jorda & Moritz Schularick & Alan M. Taylor - 302014 Performance Analysis of Liquidity Indicators as Early Warning Signals
by Chung-Hua Shen & Ting-Hsuan Chen - 292014 Credit Booms, Banking Crises, and the Current Account
by Scott Davis & Adrienne Mack & Wesley Phoa & Anne Vandenabeele - 282014 The Macroeconomic Effects of Debt- and Equity-Based Capital Inflows
by Scott Davis - 272014 The Local Government Crisis 2007-2014: When China's Financial Management Faltered
by Leo F. Goodstadt - 262014 China's Banking: How Reforms Lost Momentum
by Leo F. Goodstadt - 252014 The Great Mortgaging: Housing Finance, Crises, and Business Cycles
by Oscar Jorda & Moritz Schularick & Alan M. Taylor - 242014 Network Effects in Currency Internationalisation: Insights from BIS Triennial Surveys and Implications for the Renminbi
by Dong He & Xiangrong Yu - 232014 Financial Crisis, Unconventional Monetary Policy and International Spillovers
by Qianying Chen & Andrew Filardo & Dong He & Feng Zhu - 222014 Chinese Shadow Banking: Bank-Centric Misperceptions
by Tri Vi Dang & Honglin Wang & Aidan Yao - 212014 Implications of Liquidity Management of Global Banks for Host Countries - Evidence from Foreign Bank Branches in Hong Kong
by Eric Wong & Andrew Tsang & Steven Kong - 202014 Debt Deleveraging and the Zero Bound: Potentially Perverse Effects of Real Exchange Rate Movements
by Paul Luk & David Vines - 192014 Assessing the Effectiveness of Date-Based Forward Guidance at the Zero Lower Bound with a Non-Gaussian Affine Term-Structure Model
by Tsz-Kin Chung & Cho-Hoi Hui & Ka-Fai Li - 182014 Unconventional Monetary Policy Shocks and the Spillovers to Emerging Markets
by Peter Tillmann - 172014 Debt Markets in Emerging Economies: Major Trends
by Tatiana Didier & Sergio L. Schmukler - 162014 Does Bank Monitoring Matter to Bondholders?
by Joel F. Houston & Chen Lin & Junbo Wang - 152014 Hong Kong's Growth Synchronisation with China and the U.S.: A Trend and Cycle Analysis
by Dong He & Wei Liao & Tommy Wu - 142014 The Dragon is Flying West: Micro-Level Evidence of Chinese Outward Direct Investment
by Wenjie Chen & Heiwai Tang - 132014 Interactions between CNY and CNH Money and Forward Exchange Markets
by David Leung & John Fu - 122014 Sovereign Credit Ratings, Transparency and International Portfolio Flows
by Amar Gande & David Parsley - 112014 How Strong are the Linkages between Real Estate and Other Sectors in China?
by Wenlang Zhang & Gaofeng Han & Steven Chan - 102014 One Currency, Two Markets: The Renminbi's Growing Influence in Asia-Pacific
by Chang Shu & Dong He & Xiaoqiang Cheng - 092014 Optimal Exchange Rate Policy in a Growing Semi-Open Economy
by Philippe Bacchetta & Kenza Benhima & Yannick Kalantzis - 082014 Invoicing Currency in International Trade: An Empirical Investigation and Some Implications for the Renminbi
by Edwin L.-C. Lai & Xiangrong Yu - 072014 What Makes Systemic Risk Systemic? Contagion and Spillovers in the International Sovereign Debt Market
by Elena Kalotychou & Eli Remolona & Eliza Wu - 062014 Switching Cost and Deposit Demand in China
by Chun-Yu Ho - 052014 Finding Stability in a Time of Crisis: Lessons of East Asia for Eastern Europe
by Paul D. McNelis - 042014 Interest Rate Determination in China: Past, Present, and Future
by Dong He & Honglin Wang & Xiangrong Yu - 032014 How Does Loan-To-Value Policy Strengthen Banks' Resilience to Property Price Shocks - Evidence from Hong Kong
by Eric Wong & Andrew Tsang & Steven Kong - 022014 Multiproduct Firms, Export Product Scope, and Trade Liberalization: The Role of Managerial Efficiency
by Larry Qiu & Miaojie Yu - 012014 The Role of Foreign Banks in Monetary Policy Transmission: Evidence from Asia during the Crisis of 2008-9
by Bang Nam Jeon & Ji Wu
2013
- 252013 A Theory of the Competitive Saving Motive
by Qingyuan Du & Shang-Jin Wei - 242013 Rental Rates under Housing Price Uncertainty: A Real Options Approach
by Honglin Wang & Fan Yu & Yinggang Zhou - 232013 Chinese Political and Economic Governance System and the Imbalance between Consumption and Investment
by Julan Du & Hongsheng Fang & Xiangrong Jin - 222013 Asset Allocation and Monetary Policy: Evidence from the Eurozone
by Harald Hau & Sandy Lai - 212013 Robust Control, Informational Frictions, and International Consumption Correlations
by Yulei Luo & Jun Nie & Eric R. Young - 202013 International Trade Price Stickiness and Exchange Rate and Pass-Through in Micro Data: A Case Study on US-China Trade
by Mina Kim & Deokwoo Nam & Jian Wang & Jason Wu - 192013 How Do Exporters Respond to Antidumping Investigations?
by Yi Lu & Zhigang Tao & Yan Zhang - 182013 CEO Option Compensation, Risk-Taking Incentives, and Systemic Risk in the Banking Industry
by Jeong-Bon Kim & Li Li & Mary L. Z. Ma & Frank M. Song - 172013 Measurement Error and Policy Evaluation in the Frequency Domain
by Xiangrong Yu - 162013 Monetary Policy and Bank Lending in China - Evidence from Loan-Level Data
by Dong He & Honglin Wang - 152013 Transmitting Global Liquidity to East Asia: Policy Rates, Bond Yields, Currencies and Dollar Credit
by Dong He & Robert N McCauley - 142013 China's Capital Controls - Through the Prism of Covered Interest Differentials
by Yin-Wong Cheung & Risto Herrala - 132013 Gauging the Safehavenness of Currencies
by Alfred Wong & Tom Fong - 122013 A Model of Chinese Capital Account Liberalisation
by Dong He & Paul Luk - 112013 Balanced-Budget Rules and Aggregate Instability: The Role of Consumption Taxes in a Monetary Economy
by Jianpo Xue & Chong K. Yip - 102013 Asset Price Bubbles and Monetary Policy
by Abdullah Yavas - 092013 The Great Recession: A Self-Fulfilling Global Panic
by Philippe Bacchetta & Eric van Wincoop - 082013 The Coming Wave
by G. Andrew Karolyi & David T. Ng & Eswar S. Prasad - 072013 How have Labour Market Developments Affected Labour Costs in China?
by Wenlang Zhang & Gaofeng Han - 062013 Export Dynamics in Large Devaluations
by George Alessandria & Sangeeta Pratap & Vivian Yue - 052013 Multinational Banking and Financial Contagion: Evidence from Foreign Bank Subsidiaries
by Bang Nam Jeon & Maria Pia Olivero & Ji Wu - 042013 The Role of Household Saving in the Economic Rise of China
by Steven Lugauer & Nelson C. Mark - 032013 Carry Trades and the Performance of Currency Hedge Funds
by Federico Nucera & Giorgio Valente - 022013 China's Monetary Policy Communication: Money Markets not only Listen, They also Understand
by Alicia Garcia-Herrero & Eric Girardin - 012013 Rental Adjustment and Housing Prices: Evidence from Hong Kong's Residential Property Market
by Honglin Wang & Chu Zhang & Weihang Dai
2012
- 322012 Investment and Asset Growth of Asian Firms: Evidence for Financial Resilience in the Recent Financial Crisis
by Alessandra Guariglia & Paul Mizen - 312012 What are the Challenges and Problems Facing China's Outward Portfolio Investment: Evidence from the Qualified Domestic Institutional Investor Scheme
by Aidan Yao & Honglin Wang - 302012 The Evolution of Endogenous Business Cycles
by Roger E. A. Farmer - 292012 Does the Tail Wag the Dog? The Effect of Credit Default Swaps on Credit Risk
by Marti G. Subrahmanyam & Dragon Yongjun Tang & Sarah Qian Wang - 282012 A Quasi-Bounded Target Zone Model - Theory and Application to Hong Kong Dollar
by C. F. Lo & C. H. Hui & S. W. Chu & T. Fong - 272012 The Effect of Commodity Price Shocks on Underlying Inflation: The Role of Central Bank Credibility
by Scott Davis - 262012 Factor Market Distortions across Time, Space and Sectors in China
by Loren Brandt & Trevor Tombe & Xiaodong Zhu - 252012 Factor Intensity, Product Switching, and Productivity: Evidence from Chinese Exporters
by Yue Ma & Heiwai Tang & Yifan Zhang - 242012 Determinants and Dynamics of Price Disparity in Onshore and Offshore Renminbi Forward Exchange Rate Markets
by Ka-Fai Li & Cho-Hoi Hui & Tsz-Kin Chung - 232012 Hong Kong Inflation Dynamics: Trend and Cycle Relationships with the U.S. and China
by Pym Manopimoke - 222012 What Makes the VIX Tick?
by Warren Bailey & Lin Zheng & Yinggang Zhou - 212012 Exchange Rates as Exchange Rate Common Factors
by Ryan Greenaway-McGrevy & Nelson C. Mark & Donggyu Sul & Jyh-Lin Wu - 202012 The Chinese Corporate Savings Puzzle: A Firm-Level Cross-Country Perspective
by Tamim Bayoumi & Hui Tong & Shang-Jin Wei - 192012 Innovation, Diffusion, and Trade: Theory and Measurement
by Ana Maria Santacreu - 182012 Capital Inflows and Asset Prices: Evidence from Emerging Asia
by Peter Tillmann - 172012 China's Outward Direct Investment: Evidence from a New Micro Dataset
by Wei Liao & Kevin K. Tsui - 162012 Estimating Option-Implied Correlation between iTraxx Europe Financial and Corporate Sub-Indexes
by Cho-hoi Hui & Chi-fai Lo & Chun-sing Lau - 152012 Regulatory Arbitrage and International Bank Flows
by Joel F. Houston & Chen Lin & Yue Ma - 142012 Firm Survival and Financial Development: Evidence from a Panel of Emerging Asian Economies
by Serafeim Tsoukas - 132012 The RMB Debate: Empirical Analysis on the Effects of Exchange Rate Shocks in China and Japan
by Soyoung Kim & Yoonbai Kim - 122012 How Important are Foreign Ownership Linkages for International Stock Returns?
by Sohnke M. Bartram & John Griffin & David T. Ng - 112012 Trilemma Policy Convergence Patterns and Output Volatility
by Joshua Aizenman & Hiro Ito - 102012 Deja vu All Over Again: Agency, Uncertainty, Leverage and the Panic of 1857
by Timothy J. Riddiough & Howard E. Thompson - 092012 How would Capital Account Liberalisation Affect China's Capital Flows and the Renminbi Real Exchange Rates?
by Dong He & Lillian Cheung & Wenlang Zhang & Tommy Wu - 082012 Productivity Growth of the Non-Tradable Sectors in China
by Dong He & Wenlang Zhang & Gaofeng Han & Tommy Wu - 072012 Mega-Banks' Self-Insurance with Cocos: A Work in Progress
by George M. von Furstenberg - 062012 Sudden Spikes in Global Risk
by Philippe Bacchetta & Eric van Wincoop - 052012 Financial Innovation: The Bright and the Dark Sides
by Thorsten Beck & Tao Chen & Chen Lin & Frank M. Song - 042012 The Trade Comovement Puzzle and the Margins of International Trade
by Wei Liao & Ana Maria Santacreu - 032012 China's LGFV Crisis 2011: The Conflict between Local Autonomy, National Interest and Financial Reforms
by Leo F. Goodstadt - 022012 China's Financial Reforms: Why Dysfunctional Banking Survives
by Leo F. Goodstadt - 012012 Detecting Bubbles in the Hong Kong Residential Property Market: An Explosive-Pattern Approach
by Matthew S. Yiu & Lu Jin
2011
- 412011 The Effect of Capital Flow Management Measures in Five Asian Economies on the Foreign Exchange Market
by Matthew S. Yiu - 402011 Information Flow between Sovereign CDS and Dollar-Yen Currency Option Markets in the Sovereign Debt Crisis of 2009-2011
by Cho-Hoi Hui & Tom Fong - 392011 Exchange Rates and the Margins of Trade: Evidence from Chinese Exporters
by Heiwai Tang & Yifan Zhang - 382011 The Great Retrenchment: International Capital Flows During the Global Financial Crisis
by Gian-Maria Milesi-Ferretti & Cedric Tille - 372011 Love Thy Neighbor: Income Distribution and Housing Preferences
by Tin Cheuk Leung & Kwok Ping Tsang - 362011 Exchange Rate Dynamics Under Alternative Optimal Interest Rate Rules
by Mahir Binici & Yin-Wong Cheung - 352011 Preference Relativity, Ambiguity and Social Welfare Evaluation
by Zhijun Zhao - 342011 The Cross-Section of Country News, Decoupling Expectations, and Global Business Cycles
by Mathias Hoffmann & Wei Liao - 332011 Explaining Share Price Disparity with Parameter Uncertainty: Evidence from Chinese A- and H-Shares
by Tsz-Kin Chung & Ka-Fai Li & Cho-Hoi Hui - 322011 Geopolitics, Global Patterns of Oil Trade, and China¡¦s Oil Security Quest
by Sergey Mityakov & Heiwai Tang & Kevin K. Tsui - 312011 Give Credit where Credit is Due: Tracing Value Added in Global Production Chains
by Robert Koopman & William Powers & Zhi Wang & Shang-Jin Wei - 302011 Sectoral Labor Adjustment and Monetary Policy in a Small Open Economy
by Kang Shi - 292011 Equity Prices and Equity Flows: Testing Theory of the Information-Efficiency Tradeoff
by Assaf Razin & Anuk Serechetapongse - 282011 Anchoring and Loss Aversion in the Housing Market: Implications on Price Dynamics
by Tin Cheuk Leung & Kwok Ping Tsang - 272011 The Real Exchange Rate, Real Interest Rates, and the Risk Premium
by Charles Engel - 262011 The Implementation of Monetary Policy in China: The Interbank Market and Bank Lending
by Hongyi Chen & Qianying Chen & Stefan Gerlach - 252011 Inflation Targeting and Inflation Persistence in Asia-Pacific
by Stefan Gerlach & Peter Tillmann - 242011 Can Securitization Work? Economic, Structural and Policy Considerations
by Timothy J. Riddiough - 232011 Enter the Dragon: Interactions between Chinese, US and Asia-Pacific Equity Markets, 1995-2010
by Richard C. K. Burdekin & Pierre L. Siklos - 222011 Concocting Marketable Cocos
by George M. von Furstenberg - 212011 Dual-Track Interest Rates and the Conduct of Monetary Policy in China
by Dong He & Honglin Wang - 202011 Sailing through this Storm? Capital Flows in Asia during the Crisis
by Cedric TILLE - 192011 House Price, Mortgage Premium, and Business Fluctuations
by Nan-Kuang Chen & Han-Liang Cheng & Ching-Sheng Mao - 182011 Securitization Rating Performance and Agency Incentives
by Daniel Roesch & Harald Scheule - 172011 Specification Sensitivities in Right-Tailed Unit Root Testing for Financial Bubbles
by Shu-Ping Shi & Peter C. B. Phillips & Jun Yu - 162011 Can Anchoring and Loss Aversion Explain the Predictability in the Housing Market?
by Tin Cheuk Leung & Kwok Ping Tsang - 152011 What Drives Urban Consumption in Mainland China? The Role of Property Price Dynamics
by Yu-Fu Chen & Michael Funke & Aaron Mehrotra - 142011 Composition of International Capital Flows: A Survey
by Koralai Kirabaeva & Assaf Razin - 132011 China's Outward Direct Investment in Africa
by Yin-Wong Cheung & Jakob de Haan & XingWang Qian & Shu Yu - 122011 Channels of Interprovincial Risk Sharing in China
by Julan Du & Qing He & Oliver M. Rui - 112011 Do Short Selling Restrictions Destabilize Stock Markets? Lessons from Taiwan
by Martin T. Bohl & Badye Essid & Pierre L. Siklos - 102011 Risk Management and Managerial Efficiency in Chinese Banks: A Network DEA Framework
by Kent Matthews - 092011 How Different are FDI and FPI Flows?: Does Distance Alter the Composition of Capital Flows?
by Rabin Hattari & Ramkishen S. Rajan - 082011 Renminbi Going Global
by Xiaoli Chen & Yin-Wong Cheung - 072011 The Effects of Public Listing on the Performance of Banks in China
by Bin Liu - 062011 Asian Business Cycle Synchronisation
by Dong He & Wei Liao - 052011 The Fragility of Discretionary Liquidity Provision: Lessons from the Collapse of the Auction Rate Securities Market
by Song Han & Dan Li - 042011 Nowcasting Chinese GDP: Information Content of Economic and Financial Data
by Matthew S. Yiu & Kenneth K. Chow - 032011 Asset Price and Monetary Policy - The Effect of Expectation Formation
by Nan-Kuang Chen & Han-Liang Cheng - 022011 Effects of Liquidity on the Nondefault Component of Corporate Yield Spreads: Evidence from Intraday Transactions Data
by Song Han & Hao Zhou - 012011 A Macro-Finance Approach to Exchange Rate Determination
by Yu-chin Chen & Kwok Ping Tsang
2010
- 312010 Why are Saving Rates so High in China?
by Dennis Tao Yang & Junsen Zhang & Shaojie Zhou - 302010 A Target-Zone Model with Two Types of Assets
by Yue Ma & Shu-ki Tsang & Matthew S. Yiu & Wai-Yip Alex Ho - 292010 What Does the Yield Curve Tell Us about Exchange Rate Predictability?
by Yu-chin Chen & Kwok Ping Tsang - 282010 Self-Fulfilling Risk Panics
by Philippe Bacchetta & Cedric Tille & Eric van Wincoop - 272010 Home Bias in Currency Forecasts
by Yu-chin Chen & Kwok Ping Tsang & Wen Jen Tsay - 262010 Liquidity Crunch in Late 2008: High-Frequency Differentials between Forward-Implied Funding Costs and Money Market Rates
by Matthew S. Yiu & Joseph K. W. Fung & Lu Jin & Wai-Yip Alex Ho - 252010 The Risk of Sudden Depreciation of the Euro in the Sovereign Debt Crisis of 2009-2010
by Cho-Hoi Hui & Tsz-Kin Chung - 242010 Measuring Renminbi Misalignment: Where Do We Stand?
by Yin-Wong Cheung & Menzie D. Chinn & Eiji Fujii - 232010 Housing Investment: What Makes It so Volatile? Theory and Evidence from OECD Countries
by Quoc Hung Nguyen - 222010 Domestic Institutions and the Bypass Effect of Financial Globalization
by Jiandong Ju & Shang-Jin Wei - 212010 Accumulation of Reserves and Keeping Up with the Joneses: The Case of LATAM Economies
by Yin-Wong Cheung & Rajeswari Sengupta - 202010 Human Capital, Endogenous Information Acquisition,and Home Bias in Financial Markets
by Isaac Ehrlich & Jong Kook Shin & Yong Yin - 192010 What are the Sources of Financing of the Chinese Firms?
by Galina Hale & Cheryl Long - 182010 What Effect Has Bond Market Development in Emerging Asia Had on the Issuance of Corporate Bonds?
by Paul Mizen & Serafeim Tsoukas - 172010 The Composition Matters: Capital Inflows and Liquidity Crunch during a Global Economic Crisis
by Hui Tong & Shang-Jin Wei - 162010 Renminbising China's Foreign Assets
by Yin-Wong Cheung & Guonan Ma & Robert N. McCauley