High carbon emissions from buildings is causing Hong Kong's air quality to diminish (Business Environmental Council 2005, 2008). With massive amounts of energy being used by buildings (Reed and Wilkinson 2005, Chan, Qian and Lam 2009) and Financial Institutions (FI) being amongst the largest...

The credit channel of monetary transmission suggests that monetary tightening results in a contraction of the supply of credit to firms who borrow via financial intermediaries. However, according to Meltzer (1960), the existence of an inter-firm credit flow appears to favour those firms most...