Working Paper Series

2016

Serial No. Author(s)  
#2016-027

Rasmus Fatum (University of Alberta),  Guozhong Zhu (University of Alberta) and  Wenjie Hui (Peking University)

Do Oil Endowment and Productivity Matter for Accumulation of International Reserves?

#2016-026 Sven Steinkamp and Frank Westermann, 
(Institute of Empirical Economic Research, Osnabrück University)

Multilateral loans and interest rates: further evidence on the seniority conundrum

#2016-025 Soyoung Kim (Seoul National University) and  Aaron Mehrotra (Bank for International Settlements)

Effects of monetary and
macroprudential policies – evidence
from inflation targeting economies in
the Asia-Pacific region and potential
implications for China

#2016-024 Naoyuki Yoshino (Asian Development Bank Institute (ADBI), and Keio University) and Stefan Angrick (National Graduate Institute for Policy Studies) 

Quantities and Prices in China’s Monetary Policy Transmission From Window Guidance to Interbank Rates

#2016-023 Daniela Marconi, Bank of Italy

Currency co-movements in Asia-Pacific:
the regional role of the renminbi

#2016-022

Hongyi Chen (Hong Kong Institute for Monetary Research ), Kenneth Chow (Hong Kong Monetary Authority)and Peter Tillmann (Justus Liebig University Giessen)

The Effectiveness of Monetary Policy in China: Evidence from a Qual VAR

#2016-021 G. Nathan Dong(Columbia University), Ming Gu (Renmin University of China) and Hua He (Cheung Kong Graduate School of Business) Securities Market Regulation and
Private Equity Placements in China
#2016-020 Guonan Ma (Bruegel and City University of Hong Kong) and James Laurenceson (University of Technology Sydney)

China’s debt challenge: stylised facts, drivers and policy implications

#2016-019 Daisy J. Huang (Nanjing Audit University),
Charles Ka Yui Leung (City University of Hong Kong) and Chung-Yi Tse (University of Hong Kong)

What account for the differences in rent-price ratio and turnover rate? A search-and-matching approach

#2016-018 Rasmus Fatum (University of Alberta),
Yohei Yamamoto (Hitotsubashi University) and
Guozhong Zhu (University of Alberta)

Is the Renminbi a Safe Haven?

#2016-017 Anya Kleymenova (University of Chicago),
Andrew K. Rose (University of California) and Tomasz Wieladek (Barclays Capital and CEPR)

Does Government Intervention Affect Banking Globalization?

#2016-016 Reuven Glick (Federal Reserve Bank of San Francisco) and Andrew K. Rose (University of California)

Currency Unions and Trade: A Post-EMU Reassessment

#2016-015 Andrew K. Rose, University of California

Like Me, Buy Me: The Effect of Soft Power on Exports

#2016-014 Peter Tillmann, Justus-Liebig-University Giessen  Tapering Talk on Twitter and the
Transmission to Emerging Economies
#2016-013 LIN Zhitao (Huazhong University of Science & Technology, China, and City University of Hong Kong), ZHAN Wenjie (Huazhong University of Science & Technology) and Yin-Wong Cheung (City University of Hong Kong, Hong Kong), 

China’s Bilateral Currency Swap Lines

#2016-012 Xingwang Qian (SUNY Buffalo State ) and Andreas Steiner (ifo Institute )

International Reserves, External Debt Maturity, and the Reinforcement Effect for Financial Stability

#2016-011

Guonan Ma (Bruegel and City University of Hong Kong) and Wang Yao( Fung Business Intelligence Centre)

Can The Chinese Bond Market Facilitate A Globalizing Renminbi?
#2016-010 Chadwick C. Curtis (University of Richmond), Steven Lugauer (University of Notre Dame) and Nelson C. Mark (University of Notre Dame and NBER)

Demographics and Aggregate Household
Saving in Japan, China, and India

#2016-009 Yin-Wong Cheung (Hung Hing Ying Chair Professor of International Economics, City University of Hong Kong), Frank Westermann (Osnabrück University), and Sven Steinkamp (Osnabrück University)

China’s Capital Flight:Pre- and Post-Crisis Experiences 

#2016-008 Zuzana Fungáčová (Bank of Finland) ,
Riikka Nuutilainen (Bank of Finland ) and Laurent Weill (University of Strasbourg and Bank of Finland)

Reserve Requirements and the Bank Lending Channel in China

#2016-007 Michael Funke (Hamburg University and CESifo) , Petar Mihaylovski (Hamburg University) and Haibin Zhu (JP Morgan Chase Bank)

Monetary policy transmission in China: A DSGE model with parallel shadow banking and interest rate control

#2016-006 Jinghan Cai (The University of Scranton), Alicia García-Herrero (NATIXIS and Bruegel), and Le Xia (BBVA Research)

Regulatory arbitrage and window-dressing in the shadow bankingactivities: evidence from China’s Wealth Management Products

#2016-005 Joshua Aizenman (University of Southern California and NBER) and Mahir Binici (Central Bank of Turkey)

Exchange Market Pressure in OECD and Emerging Economies:Domestic vs. External Factors and Capital Flows in the Old and New Normal

#2016-004 Rasmus Fatum (University of Alberta), Runjuan Liu (University of Alberta Jiadong Tong, Nankai University), and Jiayun Xu (Tsinghua University)

Beggar Thy Neighbor or Beggar Thy Domestic Firms? Evidence from 2000-2011 Chinese Customs Data

#2016-003 Alan T.K. Wan (City University of Hong Kong), Shangyu Xie (University of International Business and Economics), and Yong Zhou (Chinese Academy of Sciences, Shanghai University of Finance and Economics)

A varying coefficient approach to estimating
hedonic housing price functions and their quantiles

#2016-002 Mi Lin  (University of Lincoln) and Yum K. Kwan (City University of Hong Kong)

FDI Technology Spillovers, Geography, and Spatial Diffusion 

#2016-001 Daniel Preve, City University of Hong Kong

Linear Programming-based Estimators In Nonnegative Autoregression