> Publishers' series
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Private mortgage securitization and adverse selection - new evidence from expected loan losses Abdullah Yavas, Robert E. Wangard Chair, Shuang Zhu
[Hong Kong]: Hong Kong Institute for Monetary and Financial Research, June 2024
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Common asset holdings as an amplifier of open-ended funds liquidity risk evidence from global fixed-income funds Gabriel Shui Tang Wu, Yingwei Dong
[Hong Kong]: Hong Kong Institute for Monetary and Financial Research, June 2024
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The effect of carbon pricing on firm performance worldwide evidence Tinghua Duan, Weikai Li, Hong Zhang
[Hong Kong]: Hong Kong Institute for Monetary and Financial Research, June 2024
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Digital money adoption and redemption convenience Baiyun Jing, Michael B. Wong, Yang You, Yulin Zhong
[Hong Kong]: Hong Kong Institute for Monetary and Financial Research, [2024]
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Equity price dynamics under shocks in distress or short squeeze Cho-Hoi Hui, Chi-Fai Lo, Chi-Hei Liu
[Hong Kong]: Hong Kong Institute for Monetary and Financial Research, [2024]
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Non-standard errors Albert J Menkveld et al. HKIMR co-author: Giorgio Valente
[Hong Kong]: Hong Kong Institute for Monetary and Financial Research, [2024]
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Assessing the impacts of digitalisation adoption on banks' financial performance new evidence based on textual analysis Andrew Wong, Stephen Lam and Kelvin Ho
[Hong Kong]: Hong Kong Institute for Monetary and Financial Research, July 2024
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Monetary policy spillovers is this time different? Hongyi Chen, Peter Tillmann
[Hong Kong]: Hong Kong Institute for Monetary and Financial Research, July 2024
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Can time-varying currency risk hedging explain exchange rates? Leonie Bräuer and Harald Hau
[Hong Kong]: Hong Kong Institute for Monetary and Financial Research, July 2024
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The role of disclosure in mitigating carbon risk of corporates from a global perspective Victor Leung and Wilson Wan
[Hong Kong]: Hong Kong Institute for Monetary and Financial Research, [2023]
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Corporate climate risk measurements and responses Qing Li, Hongyu Shan, Yuehua Tang and Vincent Yao
[Hong Kong]: Hong Kong Institute for Monetary and Financial Research, [2023]
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Asymmetric trade reform and external adjustment theory and evidence from China Qing Liu, Kang Shi, Junjie Tang and Juanyi Xu
[Hong Kong]: Hong Kong Institute for Monetary and Financial Research, [2023]
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Impact of soft information in loan pricing on default prediction using machine learning Thi Mai Luong, Harald Scheule and Nitya Wanzare
[Hong Kong]: Hong Kong Institute for Monetary and Financial Research, [2023]
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Corporate sector vulnerability and the role of cash holdings during and after the COVID-19 crisis evidence from non-financial corporates listed in Asia-Pacific Kelvin Ho, Stephen Lam and Andrew Wong
[Hong Kong]: Hong Kong Institute for Monetary and Financial Research, [2023]
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Platform lending and innovation Leonardo Gambacorta, Leonardo Madio and Bruno M. Parigi
[Hong Kong]: Hong Kong Institute for Monetary and Financial Research, [2023]
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Stablecoin price dynamics under a peg-stabilising mechanism Cho-Hoi Hui, Andrew Wong and Chi-Fai Lo
[Hong Kong]: Hong Kong Institute for Monetary and Financial Research, [2023]
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An assessment on the benefits of bond tokenisation Victor Leung, Joe Wong, Alexander Ying and Wilson Wan
[Hong Kong]: Hong Kong Institute for Monetary and Financial Research, [2023]
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Original sin and the great depression Michael D. Bordo, Christopher M. Meissner
[Hong Kong]: Hong Kong Institute for Monetary and Financial Research, [2023]
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Funding decisions in online marketplace lending Chris K.C. Ip and F.Y. Eric Lam
Hong Kong: Hong Kong Institute for Monetary and Financial Research, [2020]
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Risk and return of online channel adoption in the banking industry Dongwei He, Chun-Yu Ho and Li Xu
Hong Kong: Hong Kong Institute for Monetary and Financial Research, [2020]
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The cost of bank regulatory capital Matthew Plosser and Joao Santos
Hong Kong: Hong Kong Institute for Monetary and Financial Research, [2020]
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Impacts of benchmark-driven investment on volatility and connectivity of emerging market capital flows Peter Lau, Angela Sze and Alfred Wong
Hong Kong: Hong Kong Institute for Monetary and Financial Research, [2020]
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Oceans apart China and other systemically important economies Hongyi Chen and Pierre Siklos
Hong Kong: Hong Kong Institute for Monetary and Financial Research, [2020]
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The dilemma and international macroprudential policy is capital flow management effective? Jian Wang and Jason Wu
Hong Kong: Hong Kong Institute for Monetary Research, [2019]
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Global drivers of gross and net capital flows J. Scott Davis, Giorgio Valente and Eric van Wincoop�
Hong Kong: Hong Kong Institute for Monetary Research, [2019]
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Quantitative esing Wei Cui and Vincent Sterk
Hong Kong: Hong Kong Institute for Monetary Research, [2019]
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The natural level of capital flows John D. Burger, Francis E. Warnock and Veronica Cacdac Warnock
Hong Kong: Hong Kong Institute for Monetary and Financial Research, [2019]
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From a quantity to an interest rate-based framework multiple monetary policy instruments and their effects in China Soyoung Kim and Hongyi Chen
Hong Kong: Hong Kong Institute for Monetary Research, [2019]
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Limits-to-arbitrage, investment frictions, and the investment effect new evidence F.Y. Eric C. Lam, Ya Li, Wikrom Prombutr and K.C. John Wei
Hong Kong: Hong Kong Institute for Monetary Research, [2019]
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The unintended consequences of regulation evidence from China’s interbank market Xian Gu and Lu Yun
Hong Kong: Hong Kong Institute for Monetary Research, [2019]
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Predicting China's monetary policy with forecast combinations Laurent L. Pauwels
Hong Kong: Hong Kong Institute for Monetary Research, [2019]
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Interest rate differentials under an exchange rate convertibility zone a carry trade perspective Joseph Fung and Eric Lam
Hong Kong: Hong Kong Institute for Monetary and Financial Research, [2019]
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Toward understanding short-selling activity demand and supply Adrian W.K. Cheung, Hung Wan Kot, Eric F.Y. Lam, and Harry K.M. Leung
Hong Kong: Hong Kong Institute for Monetary and Financial Research, [2019]
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What is the real relationship between cash holdings and stock returns? Tze Chuan ‘Chewie’ Ang, F.Y. Eric C. Lam, Tai Ma, Shujing Wang and K.C. John Wei
Hong Kong: Hong Kong Institute for Monetary and Financial Research, [2019]
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Complexity of global banks and their foreign operation in Hong Kong Simon H. Kwan, Kelvin Ho and Edward Tan
Hong Kong: Hong Kong Institute for Monetary and Financial Research, [2019]
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Demographic changes and inflation dynamics Gaofeng Han
Hong Kong: Hong Kong Institute for Monetary Research, [2019]
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Predictability in sovereign bond returns using technical trading rules do developed and emerging markets differ? Tom Fong and Gabriel Wu
Hong Kong: Hong Kong Institute for Monetary Research, [2019]
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Local currency bond returns in emerging economies and the role of foreign investors Inhwan So, Giorgio Valente and Jason Wu
Hong Kong: Hong Kong Institute for Monetary Research, [2019]
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Does Bitcoin behave as a currency? a standard monetary model approach Cho-Hoi Hui, Chi-Fai Lo, Po-Hon Chau and Andrew Wong
Hong Kong: Hong Kong Institute for Monetary Research, [2019]
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Risk of window dressing quarter-end spikes in the Japanese yen Libor-OIS spread Mayu Kikuchi, Alfred Wong and Jiayue Zhang
Hong Kong: Hong Kong Institute for Monetary and Financial Research, [2019]
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From the world's factory to a world creditor China's external wealth and excess returns, 1997-2016 Yi Huang
Hong Kong: Hong Kong Institute for Monetary Research, [2018]
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The role of loan portfolio losses and bank capital for Asian financial system resilience Daniel Rosch and Harald Scheule
Hong Kong: Hong Kong Institute for Monetary Research, [2018]
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In search of distress risk in emerging markets Gonzalo Asis and Anusha Chari
Hong Kong: Hong Kong Institute for Monetary Research, [2018]
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Liquidity shocks and "borrow to lend" shadow banking activities Zhibo Tan
Hong Kong: Hong Kong Institute for Monetary Research, [2018]
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A taste for Dim Sum analysing the financial diffusion in the new offshore Renminbi debt securities market Tom Fong, Paul Mizen and Serafeim Tsoukas
Hong Kong: Hong Kong Institute for Monetary Research, [2018]
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Exchange rate solutions with currency crashes Cho-Hoi Hui, Chi-Fai Lo and Chi-Hei Liu
Hong Kong: Hong Kong Institute for Monetary Research, [2018]
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Productivity, exporting and financial constraints of Chinese SMEs Johannes Van Biesebroeck
Hong Kong: Hong Kong Institute for Monetary Research, [2018]
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Mapping China's time-varying house price landscape Michael Funke, Danilo Leiva-Leon and Andrew Tsang
Hong Kong: Hong Kong Institute for Monetary Research, [2018]
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The flow-performance relationship in emerging market bond funds David Leung and Max Kwong
Hong Kong: Hong Kong Institute for Monetary Research, [2018]
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International trade finance and the cost channel of monetary policy in open economies Nikhil Patel
Hong Kong: Hong Kong Institute for Monetary Research, [2018]
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Funding constraints and market illiquidity in the European treasury bond market Sophie Moinas, Minh Nguyen and Giorgio Valente
Hong Kong: Hong Kong Institute for Monetary Research, [2018]
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Do long-term institutional investors contribute to financial stability? evidence from equity investment in Hong Kong and international markets Tom Fong, Angela Sze and Edmund Ho
Hong Kong: Hong Kong Institute for Monetary Research, [2018]
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Implications of loan portfolio concentration for banks' credit risk and return evidence from Hong Kong Kelvin Ho, Ka-Fai Li and Edward Tan
Hong Kong: Hong Kong Institute for Monetary Research, [2018]
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Heterogeneous preferences and risk sharing at household level in China Jennifer T. Lai, Isabel K. M. Yan and Xingjian Yi
Hong Kong: Hong Kong Institute for Monetary Research, [2018]
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Pushing on a string state-owned enterprises and monetary policy transmission in China Hongyi Chen, Ran Li and Peter Tillmann
Hong Kong: Hong Kong Institute for Monetary Research, [2018]
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What drives commodity price booms and busts? David S. Jacks and Martin Stuermer
Hong Kong: Hong Kong Institute for Monetary Research, [2018]
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The fiscal theory of the price level in a world of low interest rates Marco Bassetto and Wei Cui
Hong Kong: Hong Kong Institute for Monetary Research, [2018]
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Assessing the interconnectedness between cross-border shadow banking systems Tom Fong, Angela Sze and Edmund Ho
Hong Kong: Hong Kong Institute for Monetary Research, [2018]
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Chinese local bond spreads, monetary policy and “misallocation” Robert Dekle and Andrew Tsang
Hong Kong: Hong Kong Institute for Monetary Research, [2018]
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Trends and cycles in China's macroeconomy Chun Chang, Kaiji Chen, Daniel F. Waggoner and Tao Zha
Hong Kong: Hong Kong Institute for Monetary Research, [2018]
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Policy rules in times of prolonged crisis quantitative easing abroad and fiscal adjustment at home Paul D. McNelis
Hong Kong: Hong Kong Institute for Monetary Research, [2018]
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Roads and the real exchange rate Qingyuan Du, Shang-Jin Wei and Peichu Xie
Hong Kong: Hong Kong Institute for Monetary Research, [2018]
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The macroeconomic effects of macroprudential policy Björn Richter, Moritz Schularick and Ilhyock Shim
Hong Kong: Hong Kong Institute for Monetary Research, [2018]
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High-frequency trading in the U.S. treasury market around macroeconomic news announcements George J. Jiang, Ingrid Lo and Giorgio Valente
Hong Kong: Hong Kong Institute for Monetary Research, [2018]
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Computer-based trading, institutional investors and treasury bond returns Xiaoquan Liu, Ingrid Lo, Minh Nguyen and Giorgio Valente
Hong Kong: Hong Kong Institute for Monetary Research, [2018]
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Return comovement David Parsley and Helen Popper
Hong Kong: Hong Kong Institute for Monetary Research, [2017]
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Why do firms issue bonds in the offshore market? evidence from China Qing Ba, Frank Song and Peng Zhou
Hong Kong: Hong Kong Institute for Monetary Research, [2017]
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Credit default swaps and bank regulatory capital Chenyu Shan, Dragon Yongjun Tang and Hong Yan
Hong Kong: Hong Kong Institute for Monetary Research, [2017]
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Corporate default risk and loan pricing behaviour in China Hongyi Chen, Jianghui Chen and Gaofeng Han
Hong Kong: Hong Kong Institute for Monetary Research, [2017]
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Can exchange rate dynamics in Krugman's target-zone model be directly tested? Cho-Hoi Hui, Chi-Fai Lo and Po-Hon Chau
Hong Kong: Hong Kong Institute for Monetary Research, [2017]
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The RMB central parity formation mechanism August 2015 to December 2016 Yin-Wong Cheung, Cho-Hoi Hui and Andrew Tsang
Hong Kong: Hong Kong Institute for Monetary Research, [2017]
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Dynamics of market anomalies and measurement errors of risk-free interest rates Cho-Hoi Hui, Chi-Fai Lo and Chin-To Fung
Hong Kong: Hong Kong Institute for Monetary Research, [2017]
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History, culture and the rise of informal finance in China Jinyan Hu, Chicheng Ma and Bo Zhang
Hong Kong: Hong Kong Institute for Monetary Research, [2017]
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Exchange rate dynamics under a currency board when policy rates are zero Cho-Hoi Hui, Ka-Fai Li and Chi-Fai Lo
Hong Kong: Hong Kong Institute for Monetary Research, [2017]
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Gradual portfolio adjustment implications for global equity portfolios and returns Philippe Bacchetta and Eric van Wincoop
Hong Kong: Hong Kong Institute for Monetary Research, [2017]
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Monetary rules and policy targets under managed exchange rates and capital controls the case of China Hongyi Chen and Paul D. McNelis
Hong Kong: Hong Kong Institute for Monetary Research, [2017]
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Financial flexibility and corporate cash policy Tao Chen, Jarrad Harford and Chen Lin
Hong Kong: Hong Kong Institute for Monetary Research, [2017]
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To guide or not to guide quantitative monetary policy tools and macroeconomic dynamics in China Hongyi Chen, Michael Funke, Ivan Lozev and Andrew Tsang
Hong Kong: Hong Kong Institute for Monetary Research, [2017]
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Quantifying financing needs in the belt and road countries and industries Hongyi Chen, Tianjiao Jiang and Chen Lin
Hong Kong: Hong Kong Institute for Monetary Research, [2017]
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US monetary policy spillovers Saroj Bhattarai, Arpita Chatterjee and Woong Yong Park
Hong Kong: Hong Kong Institute for Monetary Research, [2017]
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Effects of capital flow on the equity and housing markets in Hong Kong Yin-Wong Cheung, Kenneth K. Chow and Matthew S. Yiu
Hong Kong: Hong Kong Institute for Monetary Research, [2017]
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Structural transformation and its implications for the Chinese economy Gaofeng Han
Hong Kong: Hong Kong Institute for Monetary Research, [2017]
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VaR and stress tests the impact of fat-tail risk and systemic risk on commercial banks in Hong Kong and China Jacky Yukchow So and Tony U
Hong Kong: Hong Kong Institute for Monetary Research, [2017]
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Boom-and-bust cycles in emerging markets how important is the exchange rate? Pierre L. Siklos
Hong Kong: Hong Kong Institute for Monetary Research, [2017]
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Determinants of mutual fund flows to Hong Kong equities Tom Fong, Angela Sze and Edmund Ho
Hong Kong: Hong Kong Institute for Monetary Research, [2017]
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Tail risk spillover in Asia Pacific stock market Tom Fong, Ka-Fai Li and Edmund Ho
Hong Kong: Hong Kong Institute for Monetary Research, [2017]
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The consumption response to minimum wages evidence from Chinese households Ernest Dautovic, Harald Hau and Yi Huang
Hong Kong: Hong Kong Institute for Monetary Research, [2017]
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Breakdown of covered interest parity mystery or myth? Alfred Wong and Jiayue Zhang
Hong Kong: Hong Kong Institute for Monetary Research, [2017]
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The international transmission of monetary policy through financial centres evidence from the United Kingdom and Hong Kong Robert Hills, Kelvin Ho, Dennis Reinhardt, Rhiannon Sowerbutts, Eric Wong and Gabriel Wu
Hong Kong: Hong Kong Institute for Monetary Research, [2017]
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Expectations and risk premia at 8:30am deciphering the responses of bond yields to macroeconomic announcements Peter Hördahl, Eli M. Remolona, and Giorgio Valente
Hong Kong: Hong Kong Institute for Monetary Research, [2017]
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Effects of intermediate input tariff reduction on innovations in China Qing Liu and Larry D Qiu
Hong Kong: Hong Kong Institute for Monetary Research, [2017]
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Exchange rate movements and fundamentals impact of oil prices and China's growth Shuo Cao and Hongyi Chen
Hong Kong: Hong Kong Institute for Monetary Research, [2017]
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Term premium spillovers from the US to international markets Ka Fai Li, Tom Fong and Edmund Ho
Hong Kong: Hong Kong Institute for Monetary Research, [2017]
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Land share, mortgage default, and loan-to-value ratio as a macro-prudential policy tool Lingxiao Li and Abdullah Yavas
Hong Kong: Hong Kong Institute for Monetary Research, [2017]
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Do banks extract informational rents through collateral? Bing Xu, Honglin Wang and Adrian van Rixtel
Hong Kong: Hong Kong Institute for Monetary Research, [2016]
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The coming wave where do emerging market investors put their money? G. Andrew Karolyi, David T. Ng and Eswar S. Prasad
Hong Kong: Hong Kong Institute for Monetary Research, [2016]
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The effectiveness of monetary policy in China evidence from a Qual VAR Hongyi Chen, Kenneth Chow and Peter Tillmann
Hong Kong: Hong Kong Institute for Monetary Research, [2016]
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The impact of US monetary policy and other external shocks on the Hong Kong economy a factor-augmented VAR approach Hongyi Chen and Andrew Tsang
Hong Kong: Hong Kong Institute for Monetary Research, [2016]
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Dynamic interactions between government bonds and exchange rate expectations in currency options Cho-Hoi Hui and Edward Tan
Hong Kong: Hong Kong Institute for Monetary Research, [2016]
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Competition and bank opacity Liangliang Jiang, Ross Levine and Chen Lin
Hong Kong: Hong Kong Institute for Monetary Research, [2016]
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Exchange rate dynamics and US dollar-denominated sovereign bond prices in emerging markets Cho-Hoi Hui, Chi-Fai Lo and Po-Hon Chau
Hong Kong: Hong Kong Institute for Monetary Research, [2016]
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The Renminbi central parity an empirical investigation Yin-Wong Cheung, Cho-Hoi Hui and Andrew Tsang
Hong Kong: Hong Kong Institute for Monetary Research, [2016]
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The diffusion and dynamics of producer prices, deflationary pressure across Asian countries, and the role of China Hongyi Chen, Michael Funke and Andrew Tsang
Hong Kong: Hong Kong Institute for Monetary Research, [2016]
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Risk-adjusted covered interest parity theory and evidence Alfred Wong, David Leung and Calvin Ng
Hong Kong: Hong Kong Institute for Monetary Research, [2016]
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How do housing purchase limits affect firm default risks in mainland China Gaofeng Han and Shilin Zheng
Hong Kong: Hong Kong Institute for Monetary Research, [2016]
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Effects of monetary policy shocks on exchange rate in emerging countries Soyoung Kim and Kuntae Lim
Hong Kong: Hong Kong Institute for Monetary Research, [2016]
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Credit default swaps, exacting creditors and corporate liquidity management Marti G. Subrahmanyam, Dragon Yongjun Tang and Sarah Qian Wang
Hong Kong: Hong Kong Institute for Monetary Research, [2016]
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SOE and Chinese real business cycle Daoju Peng, Kang Shi and Juanyi Xu
Hong Kong: Hong Kong Institute for Monetary Research, [2016]
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A new dilemma capital controls and monetary policy in sudden-stop economies Michael B. Devereux, Eric R. Young and Changhua Yu
Hong Kong: Hong Kong Institute for Monetary Research, [2016]
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Measuring spillovers between the US and emerging markets Tom Pak Wing Fong, Ka Fai Li and Angela Kin Wan Sze
Hong Kong: Hong Kong Institute for Monetary Research, [2016]
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Pricing corporate bonds with interest rates following double square-root process Chi-Fai Lo and Cho-Hoi Hui
Hong Kong: Hong Kong Institute for Monetary Research, [2016]
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International banking and cross-border effects of regulation lessons from Hong Kong Kelvin Ho, Eric Wong and Edward Tan
Hong Kong: Hong Kong Institute for Monetary Research, [2016]
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A new approach to the estimation of equilibrium real exchange rates among East-Asian economies Juan Carlos Martinez Oliva
Hong Kong: Hong Kong Institute for Monetary Research, [2016]
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Offshore Renminbi trading findings from the 2013 BIS triennial Central Bank survey Yin-Wong Cheung and Matthew S. Yiu
Hong Kong: Hong Kong Institute for Monetary Research, [2016]
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Accounting for sovereign tail risk in emerging economies the role of global and domestic risk factors Tom Fong, Ka-Fai Li, and John Fu
Hong Kong: Hong Kong Institute for Monetary Research, [2015]
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The Nexus of official and illicit capital flows the case of Hong Kong Yin-Wong Cheung, Kenneth K. Chow and Matthew S. Yiu
Hong Kong: Hong Kong Institute for Monetary Research, [2015]
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China credit, collateral, and commoditiy prices Shaun K. Roache and Marina Rousset
Hong Kong: Hong Kong Institute for Monetary Research, [2015]
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Exploring determinants of firms' participation in the new offshore Renminbi debt securities market Paul Mizen and Serafeim Tsoukas
Hong Kong: Hong Kong Institute for Monetary Research, [2015]
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Elastic attention, risk sharing, and international comovements Wei Li, Yulei Luo and Jun Nie
Hong Kong: Hong Kong Institute for Monetary Research, [2015]