Fung, Laurence; Tam, Chi-sang; Yu, Ip-wing - Hong Kong Monetary Authority - 2008
' risk appetite has coincided with episodes of global financial market correction. In this paper, we derive a measure for … risk appetite based on the methodology of Gai and Vause (2006) for investors in the US, the UK, Germany, Japan, and Hong … constructed to gauge the relationship between the risk appetite and the extent of financial integration between these stock …