Department of Economics & Finance
College of Business - City University of Hong Kong AACSB International EQUIS - European Quality Improvement System

Working Paper Series

2015
Serial No.
Author(s)
Title
2015005 Joshua Aizenman, University of Southern California and NBER
Mahir Binici, Central Bank of Turkey
Michael M. Hutchison, University of California, Santa Cruz
The Transmission of Federal Reserve Tapering News to Emerging Financial Markets
2015004
Dominik Blatt, Maastricht University
Bertrand Candelon, IPAG Business School
Hans Manner, University of Cologne
2015003
B. Candelon, IPAG Business School
S. Tokpavi, University of Paris Ouest Nanterre La Defense
A Nonparametric Test for Granger-causality in Distribution with Application to Financial Contagion
2015002 Annette Meinusch and Peter Tillmann, Justus-Liebig-University Gieβen Quantitative Easing and Tapering Uncertainty: Evidence from Twitter
2015001
Joshua Aizenman, USC and the NBER
 
 
  2014
Serial No.
Author(s)
Title
2014016
Akihisa Shibata, Kyoto University
Takuma Kunieda, City University of Hong Kong
* Forthcoming: Pacific Economic Review
2014015
Fumiko Tamura, News Corp, and Takuma Kunieda, City University of Hong Kong
2014014
Junbo Wang, City University of Hong Kong, and Chunchi Wu, State University of New York at Buffalo
2014013
Yan He (Indiana University Southeast), Junbo Wang (City University of Hong Kong), and K.C. John Wei (The Hong Kong University of Science and Technology)
2014012
Hai Lin (Victoria University of Wellington), Junbo Wang (City University of Hong Kong), and Chunchi Wu (State University of New York at Buffalo)
2014011
Christoph Fischer, Deutsche Bundesbank
2014010
Alejandro Bernales, Universidad de Chile
2014009
Michael B Devereux (University of British Columbia) and James Yetman (Bank for International Settlements)
2014008
Yin-Wong Cheung (City University of Hong Kong) and Eiji Fujii (Kwansei Gakuin University)
 * Forthcoming: Oxford Economic Papers
2014007
John Fernald, Mark M. Spiegel and Eric T. Swanson (US Federal Reserve Bank of San Francisco)
2014006
Yin-Wong Cheung (City University of Hong Kong) and Dagfinn Rime (Norges Bank and BI Norwegian Business School)
2014005
Raphael A Auer (Swiss National Bank, ETH Zurich and CEPR) and Aaron Mehrotra (Bank for International Settlements)
2014004
Joshua Aizenman (University of Southern California and NBER) and Hiro Ito (Portland State University)
2014003
Christoph Fischer (Deutsche Bundesbank), and Oliver Hossfeld (Deutsche Bundesbank and Leipzip Graduate School of Management)
2014002 Andrew K. Rose (University of California, Berkeley)
2014001
Jess Benhabib (New York University), Alejandro Corvalan (Universidad Diego Portales) and Mark M. Spiegel (Federal Reserve Bank of San Francisco)
 
  2013
Serial No.
Author(s)
Title
2013038
Takuma Kunieda (CityU), Keisuke Okada (Hiroshima Shudo University) and Akihisa Shibata (Kyoto University)
How Do Legal Institutions Emerge?
2013039
Takuma Kunieda (CityU), Tarishi Matsuoka (Tokyo Metropolitan University) and Akihisa Shibata (Kyoto University)
Asset Bubbles, Technology Choice, and Financial Crises
2013040
Takuma Kunieda (CityU), Keisuke Okada (Hiroshima Shudo University) and Akihisa Shibata (Kyoto University) Do Collateral Constraints Matter? Evidence from the Current Account Dynamics Before and After the East Asian Financial Crisis
2013041
Junbo Wang (CityU), Yan He (Indiana University Southeast New Albany) and K.C. John Wei (HKUST)

Information Asymmetry before and after SEOs

2013042
Yin-Wong Cheung (CityU) and Risto Herrala (Bank of Finland, Institute for Economies in Transition)
2013043
Aziz Alimov (CityU)
2013044
Aziz Alimov (CityU)
2013045
Martin Feldkircher, Oesterreichische Nationalbank, and Iikka Korhonen (Bank of Finland Institute for Economies in Transition)
2013046
Thorsten Beck (Tilburg University and CEPR), Chen Lin (University of Hong Kong), and Yue Ma (CityU)
2013047
Du Du (CityU)
2013048
Daniel Preve (CityU) and Yiu-Kuen Tse (Singapore Management University)
2013049
Daniel Preve (CityU) and Xijia Liu (Uppsala University)
2013050
Darius Palia (Rutgers University), Yaxuan Qi (CityU) and Yangru Wu  (Rutgers University)
2013051
Qianqian Huang (CityU), Feng JIang (State U New York), Erik Lie (University of Iowa) and Ke Yang (Lehigh University)
2013052 Takuma Kunieda, City University of Hong Kong A Note on the Crowd-in Effect of Asset Bubbles in the Perpetual Youth Model
2013053
Alan T.K. Wan, City University of Hong Kong
Shangyu Xie, University of International Business and Economics, China
Yong Zhou, Chinese Academy of Sciences and Shanghai University of Finance and Economics, China
013054 Alan T.K. Wan, City University of Hong Kong
Xinyu Zhang and Shouyang Wang, Chinese Academy of Science
2013055 Jiyun Cao, Nankai University, China
Arijit Mukherjee, Loughborough University, UK, and CESifo, Germany
Foreign direct investment, unionised labour markets and welfare
2013056 Cho-Hoi Hui, and Tom Pak-Wing Fong, Hong Kong Monetary Authority
 * Forthcoming: International Review of Economics and Finance

2012

Serial No.
Author(s)
Title
2012021
Zhen Min Fang (CityU) and Xin Jiang (CityU)
Effects of Opionions and Short-sale Constraints on the Dual Listed Chinese Shares
2012022
Takuma Kunieda (CityU) and Akihisa Shibata (Kyoto University)
Asset Bubbles, Economic Growth, and a Self-fulfilling Financial Crisis: A Dynamic General Equilibrium Model of Infinitely Lived Heterogeneous Agents
2012023
Takuma Kunieda (CityU) and Akihisa Shibata (Kyoto University)
Financial Globalization and Animal Spirits
2012024
Joseph Y. Y. Wong and Kui-Wai Li (CityU)
Performance of Economic and Political Factors in Sustainable Growth Accelerations
2012025
Pohan Fong (CityU) and Jianpeng Deng (CityU)
Dynamic Legislative Bargaining with Endogenous Proposers
2012026
Hai Lin (University of Otago), Junbo Wang (CityU) and Chunchi Wu (State University of New York)
Momentum Spillover from Stocks to Bonds: The Role of Liquidity Risk
2012027
Ka Yui Charles Leung (CityU), Wai Yin Patrick Cheung (CityU), and Chi Ho Edward Tang (CityU)
Financial Crisis and the Co-movements of Housing Sub-markets
2012028
Kuang-Liang Chang (National Chiayi University), Nan-Kuang Chen (National Taiwan University), and Charles Ka Yui Leung (CityU)
In the Shadow of the United States: The International Transmission Effect of Asset Returns?
2012029
Angus C. Chu (Durham University), Charles K. Y. Leung (CityU), and Edward Tang (CityU)
Intellectual Property Rights, Technical Progress and the Volatility of Economic Growth?
2012030
Azizjon A Alimov (CityU)
Product Market Competition and the Value of Corporate Cash
2012031
Deokwoo Nam (CityU) and Wei Dong (Bank of Canada)
Exchange Rates and Individual Good's Price Misalignment: Evidence of Long-horizon Predictability
2011
Serial No.
Author(s)
Title
2011001
Real Arai (Kyoto University), Takuma Kunieda (CityU)
Sustainability of Fiscal Policy Rules and Credit Constraints: Theory and Evidence
2011002
Ryoonhee Kim (CityU)
Joint Determination of Leverage and Managerial Incentive Compensation:Theory and Evidence
2011003
Yu Zheng (CityU)
Information Production in the Process of Securitization
2011004
Haitao Li (University of Michigan), Tao Li (CityU), and Cindy Yu (Iowa State University)
No-Arbitrage Taylor Rules with Switching Regimes
2011005
Yu Zheng (CityU)
Skill Premium, College Enrollment and Education Signals
2011006
Kui-Wai Li (CityU)
Identifying the Signs of Currency Speculation in Hong Kong’s Linked Exchange Rate
2011007
Kasing Man (Western Illinois University), Junbo Wang (CityU) and Chunchi Wu (State University of New York)
Price Discovery in the U.S. Treasury Market: Auto mation versus Intermediation
2011008
Vikas Kakkar (CityU) and Isabel Yan(CityU)
Real Exchange Rates and Productivity: Evidence from Asia
2011009
Xueping Wu (CityU) and Jun Yao (PolyU)
Understanding the rise and decline of the Japanese main bank system: The changing effects of bank rent extraction
2011010
Takuma Kunieda (CityU) and Akihisa Shibata (Kyoto University)
Collateral Constraints and Legal Protection of Lenders: A Macroeconomic Perspective
2011011
Kenneth K.S.Chan (CityU), Vinh Q. T. Dang (University of Macau) and Isabel K.M.Yan (CityU)
Effects of Financial Liberalization and Political Connection on Listed Chinese Firms’ Financing Constraints
 * Published in 2012: The World Economy, 35 (4), 483-499
2011012
Terence Tai-Leung Chong (The Chinese University of Hong Kong), Tau-Hing Lam ((The Chinese University of Hong Kong) and Isabel K.M. Yan (CityU)
Is the Chinese Stock Market Really Inefficient?
2011013
Y. Peter Chung (University of California), Hyun Seung Na (CityU), Richard Smith (University of California)
How Important Is Capital Structure Policy to Firm Survival?
2011014
Yan He (Indiana University Southeast), Junbo Wang (CityU)
Stock Split Decisions: A Synthesis of Theory and Evidence
2011015
Vikas Kakkar (CityU) and Isabel K.M. Yan (CityU)
Sectoral Capital-Labor Ratios and Total Factor Productivity: Evidence From Asia
2011016
Edwin L.C. Lai (HKUST) and Isabel K.M. Yan (CityU)
Would global patent protection be too weak without international coordination?
2011017
Takuma Kunieda (CityU), Keisuke Okada (Kyoto University), and Akihisa Shibata (Kyoto University)
Corruption, Globalization, and Economic Growth: Theory and Evidence
 * Forthcoming: International Economics
2011018
Kui-Wai Li (CityU)
The Exchange Rate and Interest Rate Differential Relationship: Evidence from Two Financial Crises
2011019
Daniel Diermeier (Northwestern University) and Pohan Fong (CityU)
Non-Cooperative Characterizations of the Von Neumann-Morgenstern Stable Sets in Dynamic Policy-Making with a Persistent Agenda Setter
2011020
Takuma Kunieda (CityU), Keisuke Okada (Kyoto University) and Akihisa Shibata (Kyoto University)
Finance and Inequality: How Does Globalization Change Their Relationship?