Professor Yue Ma

Publications

  Refereed Journal Articles (some citations for some of my papers can be found at EconPapers website here)

Major publications

  1. Houston, J F, C Lin, and Yue Ma. "Regulatory Arbitrage and International Bank Flows." Journal of Finance, forthcoming. SSRN

  2. Lin, C, Yue Ma, P Malatesta, Y Xuan. "Corporate ownership structure and bank loan syndicate structure." Journal of Financial Economics, forthcoming. SSRN

  3. Campello, M, C Lin, Yue Ma, H Zou. "The Real and Financial Implications of Corporate Hedging." Journal of Finance,  forthcoming. SSRN & NBER working paper

  4. Lin, C, Yue Ma, and Y. Xuan. "Ownership Structure and Financial Constraints: Evidence from a Structural Estimation." Journal of Financial Economics, forthcoming. SSRN

  5. Lin, C, Yue Ma, P Malatesta, Y Xuan. "Ownership Structure and the Cost of Corporate Borrowing." Journal of Financial Economics, 100(1), 1-23, April 2011, Lead article. SSRN

  6. Houston, J, C Lin, and Yue Ma. " Media Ownership, Concentration and Corruption in Bank Lending." Journal of Financial Economics,  100(2), 326-350, May 2011. SSRN

  7. Houston, J, C Lin, P Lin, and Yue Ma. "Creditor Rights, Information Sharing, and Bank Risk Taking." Journal of Financial Economics, 96(3), 485-512, June 2010.

  8. Ma, Yue. "External Shocks, Balance Sheet Contagion, and Speculative Attack on the Pegged Exchange Rate System." Review of Development Economics, 2009, Vol. 13, Issue 1, pp. 87-98.

  9. Lin, C, Yue Ma, and D Su. "Corporate Governance and Firm Efficiency: Evidence from China's Publicly Listed Firms." Managerial and Decision Economics, 30(3),193-209, April 2009.

  10. Ho, L S, Yue Ma, and D R Haurin. "Domino Effects within a Housing Market: The Transmission of House Price Changes across Quality Tiers." Journal of Real Estate Finance and Economics, Vol. 37, Issue 4, pp. 299-316, 2008

  11. Tsang, Shu-ki, and Yue Ma. "Currency substitution and speculative attacks on a currency board system." Journal of International Money and Finance, 21(1), Feb. 2002, 53-78. Abstract

  12. Ma, Yue, and A Kanas. "Testing Nonlinear Relationship among Fundamentals and Exchange Rates in the ERM." Journal of International Money and Finance, 19(1), Feb. 2000, pp. 135-152.
    (Software used in this paper: The nonparametric cointegration software EasyReg can be found in Prof Bierens webpage and Breiman & Friedman's ACE Fortran programme can be found at StatLib website.)

    This FULL paper was requsted by 403 times online and was ranked at the 7th place among the Top-10 requested papers of JIMF, Year 2000 (Jan.-Dec.).

  13. Hughes Hallett, A, Yue Ma, and Y Pin. "Hybrid Algorithms with Automatic Switching for Solving Nonlinear Equation Systems in Economics." Journal of Economic Dynamics and Control, 20(6-7), 1051-1071, June 1996. Abstract

  14. Liu, S, and Yue Ma. "The Moore-Penrose Inverse of a Sum of Three Matrices." Econometric Theory, vol.11,no.5, Dec. 1995.

  15. Hughes Hallett, A, and Yue Ma. "Real Adjustment in a Union of Incompletely Converged Economies: An Example from East and West Germany." European Economic Review, 38(9), 1731-61, December 1994.

  16. Hughes Hallett, A, and Yue Ma. "East Germany, West Germany and their Mezzogiorno Problem: A Parable for European Economic Integration." Economic Journal, 103, 416-428, 1993. (reprinted in Problems Economiques, France)

  17. Foreman-Peck, J, A Hughes Hallett, and Yue Ma. "Transmission of the Great Depression between the US, Britain, France and Germany." European Economic Review, 36, 685-694, 1992.


 

Other publications

1.     Incomplete Financial Market and the Sequence of International Trade Liberalization, International Journal of Finance and Economics, Vol. 13, Issue 1, pp. 108 -117, 2008

2.     Wage-Hours Contracts, Overtime Working and Premium Pay, with R A Hart, Labour Economics, 17,170-179, 2010.

3.     Bootstrapping Statistical Inferences of Decomposition Methods for Gender Earnings Differentials, with Y C Ng, Applied Economics, Vol. 40, Issue 12, pp. 1583 -1593, 2008

4.     A Comparative Study of Exchange Rate Regimes and Macro instabilities in the Twin Economies of Singapore and Hong Kong, with Y Y Kueh, R Ng, Singapore Economic Review, Vol. 52, Issue 1, pp. 93 -116, 2007

5.     Difficulties of Implementing a Transparent Basket Peg: Theory and Practice ", Journal of World Economy?????/span>, Vol. 2007, Issue 4, pp. 44 -53, Institute of World Economics and Politics (IWEP), Chinese Academy of Social Sciences (CASS), Beijing (??: ), Apr 2007.


6.     Policy strategies to deal with revaluation pressures on the renminbi, with H Sun, China Economic Review, Vol. 16, Issue 2, pp. 103 -117, 2005. Abstract

7.     Intrinsic Bubbles Revisited: Evidence from Nonlinear Cointegration and Forecasting, with A Kanas, Journal of Forecasting, UK, forthcoming. Abstract

8.     The dynamic money and price Granger causalities during inflation and deflation periods in China, with H Sun, International Business, Beijing, 2004, forthcoming. Abstract

9.     On the revaluation pressure: The interest rate mechanism and government policy, with H Sun, Journal of Financial Research, pp.17-26, No. 6, June 2004, Beijing: People's Bank of China. Abstract

10.  Profit Maximization in a Multi-Product Firm with Impatient Customers, with E Levin and R Wright, Journal of the Operational Research Society, 55, 211-218, 2004, UK. (A longer version is here with Appendix) Abstract

11.  Money and Price Relationship in China, with H Sun, Journal of Chinese Economic and Business Studies, 2, 2004. Abstract

12.  Collapsing the Pegged Exchange Rate System under the Negative Balance of Payment Shocks (in Chinese), with H Sun, Journal of World Economy, pp.3-9, No. 10, Oct. 2003, Institute of World Economics and Politics (IWEP), Chinese Academy of Social Sciences (CASS), Beijing. Abstract

13.   Monetary Policy and Stock Market in China, with H Sun, Economic Research Journal, pp.44-53, No. 7, July 2003, Beijing. Abstract

14.  Estimating firm behavior under rationing: A panel data study of the Chinese manufacturing industry, with S K Lee and H L Chan, Journal of Chinese Economic and Business Studies, 1(2), 221-244, May 2003. Abstract

15.  Banking Deregulation and Macroeconomic Impact in China: A Theoretical Analysis and Implications of WTO Accession to the Mainland and Hong Kong, with Z Zhao, Y Y Kueh, S-K Tsang, M Yiu, and S Liu, Economic Research Journal, pp.14-22, No. 6, June 2002, Beijing. Abstract

16.  China's accession to the WTO: a financial economic analysis of an irreversible decision, Economic Research Journal, pp.9-16, No. 12, Dec. 2001, Beijing.Abstract

17.   Fiscal decentralisation, central bank independence, and inflation, with D King, Economics Letters, 72(1), 95-98, July 2001. Abstract

18.  Determinants of Japanese Foreign Direct Investment in Manufacturing Industry, with K Morikawa, National Economy, Kokumin Keizai Research Institute, Tokyo, Japan, March 2001, No.164, 1-13.Abstract

19.  A macroeconomic model of direct investment in foreign affiliates of Japanese firms, with K Morikawa and R Shone, Japan and the World Economy (editorial office: NYU, US), Dec. 2000, 12(4), 311-335 . Abstract

20.  A monthly econometric model of the transmission of the Great Depression between the principal industrial economies, with J Foreman-Peck and A Hughes Hallett, Economic Modelling, Dec. 2000, 17(4),pp. 515-544.Abstract

21.   Local authority size in theory and practice, with David King, Environment and Planning C: Government and Policy, June 2000, 18(3), pp.255-270 (editorial office: University of Cambridge, UK).Abstract

22.  The Single Currency and Labour Market Flexibility: A Necessary Partnership?, with A Hughes Hallett and M Demertzis, Scottish Journal of Political Economy, 47(2), May 2000, pp.141-55.Abstract

23.   Local authority provision versus club provision, with D King, Environment and Planning C: Government and Policy (editorial office: University of Cambridge, UK), 18(2) April 2000, pp. 207-223.Abstract

24.  Macroeconomic Performance and Decentralisation, with D King, Applied Economics Letters, Volume 7, Number 1, January 2000, pp.11-14. Abstract

25.  Testing for nonlinear Granger causality from fundamentals to exchange rates in the ERM, with Angelos Kanas, Journal of International Financial Markets, Institutions & Money, Vol. 10 (1) pp. 69-82, January 2000.


This FULL paper was requsted by 237 times online and was ranked at the 4th place among the Top-10 requested papers of JIFMIM, Year 2000 (Jan.-Dec.).

26.   Central government control over local authority expenditure: the overseas experience, with David King, Public Money and Management, 19(3), 23-28, July 1999.Abstract

The above paper was reprinted in Managing the Public's Money: a Local Perspective, Local Government Information Unit Special Briefing No. 56, pp.33-43 (ISBN 1897957866), London, January 2000.

27.  The International Intra-Industry Trade of China, with X Hu, Weltwirtschaftliches Archiv (Review of World Economics, Germany), Jan. 1999, Vol.135, No.1, pp.82-101.Abstract

28.  The Impact of China Factor on the Hong Kong Economy pre-1997: a macroeconomic modelling analysis, with Shu-ki Tsang and Shu-hung Tang, International Review of Applied Economics, 12(1), 89-106, Jan. 1998.

29.  Simulating the Impact of Foreign Capital in an Open-Economy Macroeconometric Model of China, with Shu-ki Tsang, Economic Modelling, July, 14(3), 435-478, 1997.Abstract

30.  The Dynamics of Debt Deflation in a Monetary Union, with A Hallett Hughes, Journal of International and Comparative Economics, 5,1-29, Jan. 1997.Abstract

31.  Unification and the Policy Predicament in Germany, with A Hallett Hughes and J Melitz, Economic Modelling, 13(4), 519-544, October 1996.Abstract

32.  Financial Reform and Regional Competition for Investment in China: A Game Theoretic Approach, with X Li, Economics of Planning, 29, 117-130, Aug. 1996. Abstract

33.  Changing Partners: the Importance of Coordinating Fiscal and Monetary Policy within the European Monetary Union, with A Hughes Hallett, Manchester School, 64, 115-134, June 1996. Abstract

34.  A Double Length Regression Computation Method for the 2SGLS Estimator of Rational Expectation Model, with S Liu, Oxford Bulletin of Economics and Statistics, 58, 423-429, May 1996. Abstract

35.  Optimum International Policies for the World Drepression, with J Foreman-Peck and A Hughes Hallett, Economies et Societes, 30, 219-242, April 1996.Abstract
 

36.  The Measurement of Policy Effects in a Non-Causal Model: an Application to Economic Policy in the UK: 1974-79, M Artis and R Bladen-Hovell, Oxford Economic Papers, 46(2), 277-295, 1994. Abstract
 

37.  Are Currency Devaluations Necessarily Bad: New Keynesian Arguments for Intervention rather than Monetarist Orthodoxy, with A J Hughes Hallett, International Journal of Systems Science, 25(5), 893-908, 1994.Abstract
 

38.  Policy Measurement for the Dynamic Linear Model with Expectations Variables: a Multiplier Approach, Computational Economics, 5, 303-312, 1992.Abstract
 

39.  Sectoral Interdependence in the Chinese Economy in Comparative Perspective, with A Bhalla, Applied Economics, 22, 1063-1081, 1990. Abstract

 

 

    Contributions to edited books

1.     Banking sector cooperation between Hong Kong and Pearl River Delta, a book edited by M K Nyaw, et al, Hong Kong, forthcoming.

2.     A comparative study of the financial centres of Hong Kong and Shanghai, a book edited by M K Nyaw, et al, Hong Kong, forthcoming.

 

3.     The Impact of Monetary Variables on the Price Level during Inflation and Deflation Periods in China, with H Sun, in Jian Chen and Shujie Yao (eds), Globalisation, Competition and Growth in China, London: Taylor & Francis, 2004, forthcoming.

 

4.     The impact of China's WTO accession on the institutions of the mainland and Hong Kong, in Friends Association of Taiwan, the Mainland, Hong Kong and Macau (eds) The WTO and its impact on the mainland, Taiwan, Hong Kong and Macau, forthcoming.

 

5.     The impact of financing the hi-tech industry on the banking sector in Guangdong, in Mee-Kau Nyaw and Guanghan Chen (eds) New Economy and Economic Cooperation of Chinese Economies Cross-Strait, Hong Kong: Commercial Press, Jan. 2002, chapter 27, pp.250-259. Abstract

 

6.     Stock markets and foreign direct investment: an Extension of Tobin's q Theory, in Albert Tavidze (ed) Progress in International Economics Research, Chapter 4, Hauppauge, NY: Nova Science Publishers, 2001.Abstract

 

7.     The end of free trade, with J Foreman-Peck and A Hughes Hallett, in A Marrison (ed) Freedom and Trade, Vol 1, Routledge, London, 262-286, March 1998.

 

8.     The Transmission of the Great Depression in the United States, Britain, France and Germany, with J Foreman-Peck and A Hughes Hallett, in M Thomas (ed) The disintegration of the world economy between the world wars, Volume 2, Elgar, 179-88, 1996.

 

9.     Transatlantic policy co-ordination with sticky labour markets, with A Hughes Hallett, in M Canzoneri, W Ethier and V Grilli (eds) The New Transatlantic Economy, Cambridge University Press, Cambridge, Aug. 1996.Abstract

 

10.  European Monetary Union in the Great Depression: a Counterfactual, with J Foreman-Peck and A Hughes Hallett, in D Currie and J D Whitley (eds) EMU after Maastricht, Lothian Foundation Press, London, Dec. 1995.

 

11.  Tariff Policy during the Great Depression, with Foreman-Peck J and Hughes Hallett A, in P H Lindert, J Chevet and J Nye (eds) Political Economy of Protectionism and Commerce in 1920s, Bocconi University Press, Milano, 1994.

 

12.  On the Accuracy and Efficiency of GMM Estimators: a Monte Carlo Study, with A Hughes Hallett, in D A Belsley (Ed) Computational Techniques for Econometrics and Economic Analysis, Kluwer, 1993.

 

13.   Linkages and Sectoral Interdependence in China and India, with Bhalla A, Uneven Development in the Third World, Chapter 4, Macmillan, London, 1992.

 

 

Book Review

Review of Y Wei and X Liu, Foreign Direct Investment in China (published by Edward Elgar, Cheltenham, 2001), China Journal, No. 48, 229-239, July 2002.

Review of J de Melo and A Panagariya, New Dimensions in Regional Integration, Regional Studies, 1994.



Article in Non-refereed Journal

A Sketch of the Economic Consequences of the Gulf War, with A J Hughes Hallett, Fraser of Allander Institute Quarterly Economic Commentary, 16, 58-69, 1991.


Conference proceeding


The optimal timing and strategy of China's entry to the WTO: a financial economic analysis of an irreversible decision, in Gao Yutai (ed) New and hi technology developemnt, Beijing: China Science and Technology Press, Oct. 2001.

Books

1.     Natural Resource and Environmental Economics, with R Perman and J McGilvray, Longman, 1st ed, 1996. (citation)

2.     Natural Resource and Environmental Economics, with R Perman, J McGilvray and M Common, Addison Wesley Longman, 2nd ed, 1999.

3.     Natural Resource and Environmental Economics, with R Perman, J McGilvray and M Common, Addison Wesley Longman, 3rd ed, April 2003.


(This is a leading Environmental book, see a sample of countries used our book for teaching)

4.     Natural Resource and Environmental Economics, with R Perman, J McGilvray, and M Common, Beijing: China Economics Publishing House, April 2002, translated from the 2nd English edition

5.     Natural Resource and Environmental Economics, with R Perman, J McGilvray, and M Common, Moscow: TEIS Publishers, Russia, 2004, forthcoming, translated from the 3rd English edition into Russian.

Consultations

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 Consultation with the Hong Kong and Macau Affairs Office of the State Council on Hong Kong£¾s current economic situation, potential problems, and policy recommendations, Hong Kong Polytechnic University, 27 April, 2004.

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 Consultation with the Academy of Social Sciences of Shenzhen City on Shenzhen£¾s economic development and its relationship with Hong Kong, China Business Centre, Hong Kong Polytechnic University, 3 August, 2004.

Interviews with media

1.          Voice of America  interview on China's macroeconomic management, 19 Oct 2006.

2.          Voice of America  interview on renminbi revaluation, 30 Nov 2005.

3.          Interviewed on Hong Kong£¾s short term and long term economic challenges, by Standard & Poor£¾s - Shihua Financial Information, Shanghai, 13 May, 2004.

4.                         Voice of America  interview on China's state-owned banks reform, 13 Nov 2003

5.                         Voice of America interview on Renminbi business in Hong Kong, 19 Nov 2003

6.                          Interviewed on the topics of the linked exchange rate system, the fiscal deficits in Hong Kong by the "Finance Today " Programme of the Phoenix InfoNews Channel, Phoenix Satellite TV Co. Ltd, Hong Kong, during April-Nov. 2003.

7.                           Interviewed on the topics of the renminbi revaluation by the "Fortune A Week " Programme of the Phoenix Satellite TV Co. Ltd , Hong Kong, during Jan 2004.

8.                          Interviews on economic issues for the BBC World Service (radio) (1995-6).

 

Newspaper article

1.      'The Choice of Exchange Rate System must be Consistent with Government Intervention Policy of Hong Kong', an edited version of this artilce was published in Ming Pao Forum, Hong Kong, 12 Nov. 2002 (in Chinese) .

2.     'Re-floating the Hong Kong Dollar Still Premature: Applied Research Mechanism Much Needed', an edited version of this artilce was published in Ming Pao Forum, Hong Kong, 13 March 2002 (in Chinese) .

3.     'Reform Hong Kong's Tradititional Institutions to Face the Challenge of the Globalization', an edited version of this artilce was published in Ming Pao Forum, Hong Kong, 2 January 2002 (in Chinese) .

4.     'Culture Clash a Threat to Fragile Euro' (an edited version of this artilce was published in Economic View column, South China Morning Post, Hong Kong, 31 January 1999)

 

o     Working Papers


1.          Exchange Rate Regimes and the Twin Economies of Hong Kong and Singapore, with Y Y Kueh and R Ng, Centre for Asian Pacific Studies Working paper no. 148 (Mar 04) CAPS, Lingnan University, Hong Kong, March 2004.

2.          Macroeconomic Instability in Hong Kong: Internal and External Factors, with Y Y Kueh and R Ng, Centre for Public Policy Studies Working paper no. 149 (Mar 04) CPPS, Lingnan University, Hong Kong, March 2004.

3.          The Economic Challenges for the New Chinese Leadership, Centre for Asian Pacific Studies Working paper no. 146 (01/04) CAPS, Lingnan University, Hong Kong, Jan. 2004.

4.          On the equivalence of the noncooperative and cooperative solutions in a two-person game, Centre for Asian Pacific Studies Working paper no. 134 (1/03) CPPS, Institute of Humanities and Social Sciences, Lingnan University, Hong Kong, March 2003.

5.           The Full Convertibility of Renminbi: Sequencing and Influence, with S Liu, Z Zhao, M Yiu, Y Y Kueh, and S K Tsang, Hong Kong Institute for Monetary Research Working Paper, No.9/2002, April 2002. Abstract

6.          Banking Deregulation and Macroeconomic Impact in China: A Theoretical Analysis and Implications of WTO Accession to the Mainland and Hong Kong, with Z Zhao, Y Y Kueh, S-K Tsang, M Yiu, and S Liu, Hong Kong Institute for Monetary Research Working Paper No.8/2002, April 2002. Abstract
 

7.           Do China and Hong Kong Constitute an Optimum Currency Area?, with S K Tsang, Centre for Asian Pacific Studies (CAPS) Working Paper No.130(14/02), Lingnan University, Hong Kong, April 2002. Abstract

8.          The Forward Premium Puzzle Revisited, with Guy Meredith, IMF Working Paper No. 02/28, International Monetary Fund, Washington DC, USA, February 2002. Abstract

9.          A Currency Board Model of Hong Kong, with Guy Meredith and Matthew Yiu, Hong Kong Institute for Monetary Research Working Paper No. 1/2002, Jan. 2002. Abstract
 

10.       The Integration of China and Hong Kong into the World Economy: a Prototype Global Econometric Model, with Shu-ki Tsang, Business Research Centre Discussion Paper No. CP 200007, Hong Kong Baptist University, Sept. 2000.Abstract

11.       Why Do Firms Pay an Overtime Premium?, with R A Hart, Institute for the Study of Labor (IZA) Discussion Paper No. 163, Bonn, Germany, 5 June 2000.

12.       Wages, Hours and Human Capital over the Live Cycle, with R A Hart, Institute for the Study of Labor (IZA) Discussion Paper No. 163, Bonn, Germany, 1 March 2000.

13.       How does rationing affect the behavior of a firm?, with H L Chan and S K Lee, Business Research Centre Discussion Paper No. CP 99007, Hong Kong Baptist University, Dec. 1999.

14.       Testing Nonlinear Relationship among Fundamentals and Exchange Rates in the ERM, with Angelos Kanas, Lingnan University Economics Discussion Paper, Hong Kong, July 1999.

15.       Central Government Control over Local Authority Expenditure: The Overseas Experience', with D King, Stirling Discussion Paper in Economics, 98/8, UK, Nove 1998.

16.       The International Intra-Industry Trade of China, with X Hu, Stirling Discussion Paper in Economics, 98/6, UK, Aug. 1998 (some of the updated trade data may be obtained from the UN website: http://unstats.un.org/unsd/comtrade).

17.       Domestic and spillover effects of fiscal policy and exchange rate regimes in small open economies, with R Shone, Stirling Discussion Paper in Economics, 98/5, UK, Aug. 1998.

18.       Decentralisation and Macroeconomic Management: The Experience of OECD countries, with D King, Stirling Discussion Paper in Economics, 98/4, UK, Aug. 1998.

19.       A Monthly Econometric Model of the Transmission of the Great Depression between the Principal Industrial Economies" with J Foreman-Peck and A Hughes Hallett, International Centre for Macroeconomic Modelling Discussion Paper No 54, University of Strathclyde, UK, June 1998.

20.       Local authority provision versus club provision, with D King, Stirling Discussion Paper in Economics, 97/12, Nove. 1997.

21.       Local authority size in theory and practice, with D King, Stirling Discussion Paper in Economics, 97/11, UK, Nove. 1997.

22.       A Macroeconomic Model of Hong Kong Economy: the Impact of China Factor, with Shu-ki Tsang and Shu-hung Tang, Stirling Discussion Paper in Economics, 97/8, UK, July 1997.

23.       The Impact of Hong Kong Capital on China: a macroeconometric modelling approach, with Shu-ki Tsang, Stirling Discussion Paper in Economics, 97/7, UK, July 1997.

24.       Wages, hours, and returns to human capital investments, with R Hart, Stirling Discussion Paper in Economics, 97/6, UK, June 1997.

25.       Wage-hour contract and premium pay in the firm-specific human capital model, with R Hart, Stirling Discussion Paper in Economics, 97/5, UK, June 1997.

26.       Profit maximisation in a multi-product manufacturing monopolistic firm, with E Levin, Stirling Discussion Paper in Economics, 97/1, UK, Jan 1997. (Levin, Ma and Wright, to the Journal of Operational Research, revise and re-submit 23 July 2002)
 

27.       The China factor and the HK economy: an econometric model, with Shu-ki Tsang and Shu-hung Tang, Business Research Centre Discussion Paper No CP 96014, Hong Kong Baptist University, Nove 1996.

28.       The Computation of Maximum Likelihood Estimator of Open Higher Order continuous Time Dynamic Model with Mixed Stock and Flow Data, with P Wang, International Centre for Macroeconomic Modelling Discussion Paper No 36, University of Strathclyde, UK, Aug 1996.

29.       Optimal nuclear safety and the implications for Eastern and Western Europe, with Missfeldt F and Hanley N, Stirling University Discussion Paper in Ecological Economics No 96/8, UK, Aug. 1996.

30.       Macroeconomic modelling of Japanese manufacturing foreign affiliates in the world economy, with K Morikawa, Stirling University Discussion Paper in Economics No 96/19, UK, Aug 1996.

31.       Reshaping China's banking system and monetary policy: How efficacious?, with X Li, Stirling University Discussion Paper in Economics No 96/18, UK, July 1996.

32.       Integration of Japanese Foreign Direct Investment and Multinational Operations with the Global Market, with K Morikawa, International Centre for Macroeconomic Modelling Discussion Paper, University of Strathclyde, UK, Aug. 1995

33.       An open economy macroeconometric model of China: the impact of foreign capital, with Shu-ki Tsang, Business Research Centre Discussion Paper No CP 95011, Hong Kong Baptist University, Aug 1995.

34.       Economic Cooperation within Europe: Lessons from the Monetary Arrangements in the 1990s, with A Hughes Hallett, Centre for Economic Policy Research, Discussion Paper No. 1190, London, UK, June 1995.Abstract

35.       Determinants of Unemployment and Dynamic Monopoly Union Model, with T Simos, International Centre for Macroeconomic Modelling Discussion Paper No. 27, University of Strathclyde, UK, April 1995

36.       Hybrid Algorithms with Automatic Switching for Solving Nonlinear Equation Systems in Economics, with A Hughes Hallett and Y Pin, Strathclyde University Economics Discussion Papers No 96/3, UK, March, 1995.

37.       Unification and the Policy Predicament in Germany, with A Hughes Hallett and J Melitz, Economics Working Papers of American Institute for Contemporary German Studies, Johns Hopkins University, Jan 1995; and Centre for Economic Policy Research Discussion Paper No. 956, London, UK, May 1994.

38.       Fiscal Decentralisation, Financial Reform and Macroeconomic Control in China : Implications for European Monetary Union, with X Li, International Centre for Macroeconomic Modelling Discussion Paper No. 28, University of Strathclyde, UK, Oct. 1994

39.       The Dynamics of Debt Deflation in a Monetary Union, with A Hallett Hughes, International Centre for Macroeconomic Modelling Discussion Paper No. 17, University of Strathclyde, UK, Sept. 1993.

40.       Are Devaluations Necessarily Bad? The case for realigning the sterling exchange rate, with A J Hughes Hallett, International Centre for Macroeconomic Modelling Discussion Paper No. 5, University of Strathclyde, UK, 1992.

41.       East Germany, West Germany, and their Mezzogiorno Problem: An Empirical Investigation, with A Hughes Hallett, Centre for Economic Policy Research Discussion Paper No. 623, London, UK, February 1992.Abstract

42.       A dynamic model of the greenhouse effect and its control, with R Perman and R Nisbet, Strathclyde University Economics Discussion Papers No 91/4, UK, June, 1991.

43.       The Measurement of Policy Effects in a Non-Causal Model: An Application to Economic Policy in the U.K.: 1974-79, with M J Artis and R Bladen-Hovell, Centre for Economic Policy Research Discussion Paper No. 526, London, UK, April 1991.
 

o        Seminar presentations

1.          Exchange Rate Regimes and Macro-instabilities in the Twin Economies of Hong Kong and Singapore, with Y Y Kueh, and Raymond C W Ng, presented at (a) Lingnan University, Hong Kong, 13 Sept. 2002; and (b) Macau University, 13 Dec. 2002. 

2.          A currency board model of Hong Kong, internal workshop of Hong Kong Monetary Authority, 3 Dec. 2001.

3.     The Impact of Financing the Hi-Tech Industry on the Banking Sector in a Transitional Economy under Uncertainty, Economics Department, Hong Kong Baptist University, 23rd March, 2001.

4.     Economic Modelling of a Currency Board, internal workshop of the Research Dept of Hong Kong Monetary Authority, November 22, 2000.

Conference Contributions

5.     Modelling the RMB Exchange Rate, paper presented in the Hong Kong Institute for Monetary Research (an affiliation of the Hong Kong Monetary Authority) internal Workshop ¡LResearch on the Mainland Economy? Hong Kong, 8 July 2004.

6.     How Long Can the Renminbi Peg Last? Policy Options to Deal with Revaluation Pressures, with H Sun, Canadian Economic Association 38th Annual Meetings, June 4-6, 2004, Ryerson University, Toronto.

7.     External Shocks and Collapsing the Pegged Exchange Rate System, with H Sun, International Conference on WTO, China, and the Asian Economies: Free Trade Areas and New Economic Relations, Renmin University, Beijing, June 18-20, 2004.

8.     How to release the self-fulfilling expected appreciation pressure on the pegged exchange rate system in China?, with H Sun, International Conference on China in the WTO, East China Normal University, Shanghai, 21-22 April, 2004.

9.     A comparative study of the financial centres of Hong Kong and Shanghai, the Ninth International Conference on the Co-ordination System of the Chinese Economies (CSCE IV: Shanghai Conference) under the theme of "Regional Economy: Challenges and Prospect of China", 10-11 Jan. 2004, Shanghai.

10.  The Impact of China's Accession to the WTO, Workshop on China under New Leadership, prganised by the Centre for Asian Pacific Studies (CAPS), Lingnan University, Hong Kong, 30 September 2003.

11.  The Influence of Current Account Imbalance on Money and Price Stability in China, with S K Tsang, The 8th Annual Australasian Macroeconomics Workshop, hosted by the Hong Kong Institute for Monetary Research, Sept 24-25, 2003.

12.  The Impact of External Balance on Money Supply and Inflation in China, ith Y Y Kueh and Shu-ki Tsang, presented in Session P "Financial Crises, Policy Responses and Reforms" of the Second Biennial Conference of the Hong Kong Economic Assoication, Hong Kong Baptist University , 16-17 December 2002.

13.  How a Currency Board Fixes the Exchange Rate in a Crisis, with Shu-ki Tsang, presented in Session G "Financial Crises, Policy Responses and Reforms" of the Second Biennial Conference of the Hong Kong Economic Assoication, Hong Kong Baptist University , 16-17 December 2002.

14.  Trade Wars and the Slump,, with J Foreman-Peck and A J Hughes Hallett, An international conference on "The Political Economy of Globalization: Can the Past Inform the Present?", The Institute for International Integration Studies (IIIS), Trinity College, Dublin, Ireland, August 29-31, 2002.

15.  The impact of China's WTO accession on the institutions of the mainland and Hong Kong, A conference on the WTO and its impact on the mainland, Taiwan, Hong Kong and Macau, Centre for Asian Pacific Studies, Institute of Humanities and Social Sciences, Lingnan University, Hong Kong, 23 Nov. 2001.

16.  The optimal timing and strategy of China's entry to the WTO: a financial economic analysis of an irreversible decision, The Fourth Young Scientist Conference organised by the Chinese Association of Science and Technology, Beijing, 20-23 Oct. 2001 (I was nominated by the Lingnan University to present this paper to this Conference).

17.   Fiscal federalism and decentralization, with D King, Fiscal Transparency, Public Choice and the Structure of Taxes and Public Expenditure, Cordoba, Argentina, 19-21 September 2001.

18.  Estimating firm behavior under rationing: A panel data study of the Chinese manufacturing industry, with Lee, S K and H L Chan, International Conference on China's Economy: Confronting Restructuring, Stability, and International Competitiveness, University of Wollongong, Australia, 14-15 July, 2001.

19.  The Impact of the Hi-Tech Industry on the Banking Sector in Guangdong, the Sixth International Conference on the Co-ordination System of the Chinese Economies (CSCE VI: Guangzhou Conference) under the theme of "New Economy and the Co-operative System of Chinese Economies", 25-28 Nove. 2000, Guangzhou, and the First Biennial Conference of Hong Kong Economics Association, December 2000.

20.  Currency Substitution and Speculative Attacks on the Hong Kong Dollar, with Shu-ki Tsang, International Conference on "Exchange Rate Stability and Currency Board Economics", Hong Kong Baptist University, Nove. 1998.

21.  Macroeconomic modelling of Japanese manufacturing foreign affiliates in the world economy, with K Morikawa, Chinese Economic Association (UK) Annual Conference, London School of Economics, Dec. 1997.

22.  The Impact of China Factor on the Hong Kong Economy pre- 1997: a macroeconomic modelling analysis, with Shu-ki Tsang and Shu-hung Tang, Chinese Economic Association (UK) Annual Conference, London School of Economics, Dec. 1996.

23.  Financial Reform and Regional Competition for Investment in China: A Game Theoretic Approach, with X Li, American Economic Association Annual Conference, San Francisco, Jan. 1996.

24.  Unification and the Policy Predicament in Germany, with Hughes Hallett A and Melitz J, 1995, American Economic Association Annual Conference, San Francisco, Jan. 1996.

25.  Hanging Separately: Divergence and Inconsistent Policies in the World Economy 1927- 1936, with J Foreman-Peck and A J Hughes Hallett, American Economic Association Annual Conference, San Francisco, Jan. 1996.

26.  Regional Competition for Foreign Direct Investment in China, with D Ghosh, Chinese Economic Association Annual Conference, LSE, London, Dec. 1995.

27.  Policy Coordination in the Face of Sticky Labour Markets: the Importance of the Real Side in Cooperative Policy Regimes, with A Hughes Hallett, European Economics Association Annual Congress, Prague, August, 1995. The IFAC Symposium on Supplementary Ways for Increasing International Stability, Vienna, Sept. 1995.

28.  Cooperation and the monetary arrangements within Europe: lessons from the real side, with A Hughes Hallett, French Economic Association International Conference on European Economic Integration, Nantes, June 1995.

29.  Hybrid Algorithms with Automatic Switching for Solving Nonlinear Equation Systems in Economics, Society of Economic Dynamics and Control Computational Economics Conference, Texas, May, 1995.

30.  Continuous time dynamic forecasts with discrete data: a 'grey' forecasting model for UK economic data, with A Hughes Hallett and P Wang, International Forecasting Conference, Lancaster, April 1995.

31.  Transatlantic Policy Coordination with Sticky Labour Markets: the Reality of the Real Side, Georgetown University Conference, Washington DC, May 1994 (Awarded as the best conference paper).

32.  The Dynamics of Debt Deflation in a Monetary Union (with an application to the fiscal limits in the Maastricht Treaty), with A J Hughes Hallett, paper presented in Royal Economic Society Annual Conference, Exeter, March 1994.

33.  Changing Partners: the Importance of Coordinating Fiscal and Monetary Policy within the European Monetary Union, with A Hughes Hallett, Society of Economic Dynamics and Control Annual Conference, Greece, June 1993; Money Macro Finance Annaul Conference, St. Andrews, Scotland, Sept. 1993.

34.  The Measurement of Economic Policy Effects in a Non-causal Model: an Application to Economic Policy in the UK, 1974- 1979, with Artis MJ and Bladen-Hovell R, Econometric Society European Annual Meeting, Brussels, August 1992; ESRC Macro-Economic Modelling Bureau, Warwick, Aug. 1992.

35.  Simultaneous and overlapping games in Economics, with A Hughes Hallett, Fifth International Symposium on Dynamic Games and Applications, Geneva, July 1992.

36.  Efficient and Reliable GMM Estimators: a Monte Carlo Study, Annual Meeting of Society for Economic Dynamics and Control, Montreal, June 1992.

37.  East Germany, West Germany and their Mezzogiorno Problem: an Empirical Investigation, with A Hughes Hallett, paper presented at Centre of Economic Policy Research (CEPR) Workshop on German Unification and European Integration, Bonn, Nov. 1991 Royal Economic Society Annual Conference, London April 1992, American Economic Association Annual Conference, Anaheim, Jan. 1993.

38.  Theory of Policy Measurement for the Linear Model with Expectations Variables, Royal Economic Society Annual Conference, London, April 1992.

39.  Rational Expectations, Structural Change and Learning in the UK Policy Reaction Functions 1974-79, European Conference Series in Quantitative Economics and Econometrics, Rotterdam, Dec. 1991.

40.  The Transmission of the Great Depression Between the US, Britain, France and Germany, with J Foreman-Peck and A J Hughes Hallett, European Economic Association Annual Congress, Cambridge, Aug. 1991
 

Unpublished Papers

some citations of my papers | some citations of my papers | some WoPEc citations of my papers

You may find some of my papers here.

109 key journals in and not in HKBU library

Key journals in and not in Lingnan library:

See the Traditional Chinese Version

See the Simplified Chinese Version