Chinese Abstract:...

This paper investigates whether government policy can speed up the tipping process in the creation of benchmark bonds. The authors (Remolona and Yetman) examine four emerging market economies in Asia where authorities have actively fostered benchmark bonds – Indonesia, Malaysia, the...

There is a large literature on the effect of exchange rate arrangements on trade. The monetary policy used in the floating exchange rate regime, however, is usually ignored and unidentified in the empirical studies. This makes the effect of alternative monetary policy regimes on trade remains...

Chinese Abstract:...

The existing literature on the performance of monetary policy regimes is separate and incomplete, with unidentified monetary policy framework for floating rate regime in the exchange rate regime literature and non-inflation targeting regime in the inflation targeting literature. This paper...

This paper develops a new market sentiment index for the Hong Kong stock market, one of the largest stock market in the world. The components of the sentiment measure include the turnover ratio, short-selling volume, money flow, HIBOR and return of the U.S. and Japanese markets. We also include...

This paper examines the possible determinants for the sources of variation in ASEAN stock returns across financial crises. Using a comprehensive data of 4043 firms from six ASEAN countries and 40 industries, we find that lagged country return and concentration are among the determinants...

Tse and Chan (2003) investigated the relationship between property sales price and value of commuting time. However, property sales price is subject to the inherent limitation that it includes speculative elements. A better measure to be used for such study should be the rent paid by the genuine...