This paper investigates the synchronization of Hong Kong SAR’s economic growth with mainland China and the United … confirms whether real consumption in Hong Kong SAR and mainland China satisfy the permanent income hypothesis, at least in a … mainland China and the United States affect the Hong Kong economy, and how such influences evolve over time. The paper’s main …

possibility that entrepôts may facilitate tariff evasion. Using data on direct exports to mainland China and indirect exports to …

The paper explores the behavior of the long-run real exchange rate (RER) of Hong Kong SAR and China by testing the … suggest (1) at present, Hong Kong SAR and China do not satisfy the conditions necessary for forming an optimal currency area …-run elasticity between the RERs of Hong Kong SAR and China is negative …

China and Hong Kong SAR during the subprime crisis. Using both univariate and multivariate GARCH models, this paper finds … that China''s stock market is not immune to the financial crisis, as evidenced by the price and volatility spillovers from … the United States than China''s returns, and past volatility shocks in the United States have a more persistent effect on …

Offshore use of the renminbi expanded rapidly in Hong Kong SAR as China sought to develop an international role for its …

Mainland China have started to weigh on Hong Kong''s growth prospects. Against this backdrop, this paper aims to quantify the … trade and financial spillovers on Hong Kong SAR''s economy from a downturn in the euro area and Mainland China. Based on … event of a hard landing in China, the model simulations suggest that Hong Kong SAR would be on a sustained downturn with …