Details about Yin-Wong Cheung

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Workplace:	Economics Department, University of California-Santa Cruz (UCSC), (more information at EDIRC)

Access statistics for papers by Yin-Wong Cheung.

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Short-id: pch261

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Working Papers

2021

1. International Reserve Management, Global Financial Shocks, and Firms’ Investment in Emerging Market Economies
   NBER Working Papers, National Bureau of Economic Research, Inc

2020

2. A Decade of RMB Internationalization
   GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit
   Also in BOFIT Policy Briefs, Bank of Finland, Bank of Finland Institute for Emerging Economies (BOFIT) (2020)
3. The Evolution of Offshore Renminbi Trading: 2016 to 2019
   GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit
   Also in CESifo Working Paper Series, CESifo (2020)
   IEER Working Papers, Institute of Empirical Economic Research, Osnabrueck University (2020)
   See also Journal Article in Journal of International Money and Finance (2021)
4. Uncovered Interest Rate Parity Redux: Non- Uniform Effects
   GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit

2019

5. A Jackknife Model Averaging Analysis of RMB Misalignment Estimates
   CESifo Working Paper Series, CESifo View citations (1)
   Also in IEER Working Papers, Institute of Empirical Economic Research, Osnabrueck University (2019) View citations (1)
   See also Journal Article in Journal of International Commerce, Economics and Policy (JICEP) (2020)
6. A Tale of Two Surplus Countries: China and Germany
   GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit
   Also in IEER Working Papers, Institute of Empirical Economic Research, Osnabrueck University (2019) View citations (2)
   CESifo Working Paper Series, CESifo (2019) View citations (5)
   See also Journal Article in Open Economies Review (2020)
7. Capital Flight to Germany: Two Alternative Measures
   IEER Working Papers, Institute of Empirical Economic Research, Osnabrueck University View citations (1)
   See also Journal Article in Journal of International Money and Finance (2020)
8. Geographic spread of currency trading: The renminbi and other EM currencies
   GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit
9. The Currency Composition of International Reserves, Demand for International Reserves, and Global Safe Assets
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
   See also Journal Article in Journal of International Money and Finance (2020)
10. The Hoarding of International Reserves: It’s a neighborly day in Asia
    GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit
    See also Journal Article in Pacific Economic Review (2019)
11. The Interest Rate Effect on Private Saving: Alternative Perspectives
    GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (10)
    See also Journal Article in Journal of International Commerce, Economics and Policy (JICEP) (2019)
12. Truths and myths about RMB misalignment: A meta-analysis
    BOFIT Discussion Papers, Bank of Finland, Institute for Economies in Transition View citations (3)
    See also Journal Article in Comparative Economic Studies (2019)

2018

13. The RMB Central Parity Formation Mechanism: August 2015 to December 2016
    GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit
    See also Journal Article in Journal of International Money and Finance (2018)

2017

14. Effects of Capital Flow on the Equity and Housing Markets in Hong Kong
    GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit
    Also in Working Papers, Hong Kong Institute for Monetary Research (2017) View citations (8)
    See also Journal Article in Pacific Economic Review (2017)
15. Exchange Rate Prediction Redux: New Models, New Data, New Currencies
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (26)
    Also in Working Paper Series, European Central Bank (2017) View citations (11)
    See also Journal Article in Journal of International Money and Finance (2019)
16. The Exchange Rate Effects of Macro News after the Global Financial Crisis
    Globalization Institute Working Papers, Federal Reserve Bank of Dallas View citations (1)
    Also in GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit (2017)
    See also Journal Article in Journal of International Money and Finance (2019)
17. The RMB Central Parity Formation Mechanism after August 2015: A Statistical Analysis
    Working Papers, Hong Kong Institute for Monetary Research View citations (3)
18. The Renminbi central parity: An empirical investigation
    BOFIT Discussion Papers, Bank of Finland, Institute for Economies in Transition View citations (1)
    Also in Working Papers, Hong Kong Institute for Monetary Research (2016) View citations (3)
    CESifo Working Paper Series, CESifo (2016) View citations (11)

2016

19. China's Bilateral Currency Swap Lines
    CESifo Working Paper Series, CESifo View citations (6)
    Also in GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit
    See also Journal Article in China & World Economy (2016)
20. China's capital flight: Pre- and post-crisis experiences
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz View citations (1)
    Also in CESifo Working Paper Series, CESifo (2015) View citations (4)
    IEER Working Papers, Institute of Empirical Economic Research, Osnabrueck University (2015) View citations (4)
    GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit
    See also Journal Article in Journal of International Money and Finance (2016)
21. Estimating Currency Misalignment Using the Penn Effect: It’s Not as Simple As It Looks
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    See also Journal Article in International Finance (2017)

2015

22. International Reserves Before and After the Global Crisis: Is There No End to Hoarding?
    CESifo Working Paper Series, CESifo View citations (45)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (11)
    See also Journal Article in Journal of International Money and Finance (2015)

2014

23. The Offshore Renminbi Exchange Rate: Microstructure and Links to the Onshore Market
    CESifo Working Paper Series, CESifo View citations (35)
    Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2014) View citations (5)
    BOFIT Discussion Papers, Bank of Finland, Institute for Economies in Transition (2014) View citations (30)
    See also Journal Article in Journal of International Money and Finance (2014)
24. The Role of Offshore Financial Centers in the Process of Renminbi Internationalization
    ADBI Working Papers, Asian Development Bank Institute View citations (3)
    Also in Finance Working Papers, East Asian Bureau of Economic Research (2014) View citations (3)
    Macroeconomics Working Papers, East Asian Bureau of Economic Research (2014) View citations (3)
    BOFIT Policy Briefs, Bank of Finland, Bank of Finland Institute for Emerging Economies (BOFIT) (2014)
25. The Structural Behavior of China-US Trade Flows
    CESifo Working Paper Series, CESifo
    Also in BOFIT Discussion Papers, Bank of Finland, Institute for Economies in Transition (2014)

2013

26. China's Capital Controls - Through the Prism of Covered Interest Differentials
    Working Papers, Hong Kong Institute for Monetary Research View citations (5)
    Also in BOFIT Discussion Papers, Bank of Finland, Institute for Economies in Transition (2013)
    CESifo Working Paper Series, CESifo (2013) View citations (1)
    See also Journal Article in Pacific Economic Review (2014)
27. Impact of Exchange Rate Movements on Exports: An Analysis of Indian Non-Financial Sector Firms
    CESifo Working Paper Series, CESifo View citations (46)
    Also in BOFIT Discussion Papers, Bank of Finland, Institute for Economies in Transition (2013) View citations (17)
    MPRA Paper, University Library of Munich, Germany (2012) View citations (2)
    See also Journal Article in Journal of International Money and Finance (2013)

2012

28. Are Chinese Trade Flows Different?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (58)
    Also in BOFIT Discussion Papers, Bank of Finland, Institute for Economies in Transition (2012) View citations (51)
    See also Journal Article in Journal of International Money and Finance (2012)
29. Exchange Rate Misalignment - The Case of the Chinese Renminbi
    CESifo Working Paper Series, CESifo View citations (4)
30. Investment and Growth in Rich and Poor Countries
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
31. The Penn Effect within a Country - Evidence from Japan
    CESifo Working Paper Series, CESifo
    See also Journal Article in Oxford Economic Papers (2014)
32. Trade Openness, Market Competition, and Inflation: Some Sectoral Evidence from OECD Countries
    Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey View citations (21)
    Also in CESifo Working Paper Series, CESifo (2011)

2011

33. China's Outward Direct Investment in Africa
    Working Papers, Hong Kong Institute for Monetary Research View citations (8)
    See also Journal Article in Review of International Economics (2012)
34. Exchange Rate Dynamics Under Alternative Optimal Interest Rate Rules
    Working Papers, Hong Kong Institute for Monetary Research View citations (2)
    Also in Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey (2011) View citations (2)
    CESifo Working Paper Series, CESifo (2011) View citations (3)
35. Exchange Rate Equations Based on Interest Rate Rules: In-Sample and Out-of-Sample Performance (Faiz Kurallarina Dayali Doviz Kuru Denklemleri: Orneklem Ici ve Disi Performans)
    Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey
36. Exchange Rate Misalingment Estimates - Sources of Differences
    CESifo Working Paper Series, CESifo
    Also in BOFIT Discussion Papers, Bank of Finland, Institute for Economies in Transition (2011)
    See also Journal Article in International Journal of Finance & Economics (2014)
37. Renminbi Going Global
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz View citations (24)
    Also in Working Papers, Hong Kong Institute for Monetary Research (2011) View citations (26)
    See also Journal Article in China & World Economy (2011)

2010

38. Accumulation of Reserves and Keeping Up with the Joneses: The Case of LATAM Economies
    Working Papers, Hong Kong Institute for Monetary Research View citations (2)
    Also in MPRA Paper, University Library of Munich, Germany (2010) View citations (1)
    See also Journal Article in International Review of Economics & Finance (2011)
39. Capital Flight: China's Experience
    Working Papers, Hong Kong Institute for Monetary Research View citations (17)
    Also in CESifo Working Paper Series, CESifo (2010) View citations (15)
    See also Journal Article in Review of Development Economics (2010)
40. Measuring Renminbi Misalignment: Where Do We Stand?
    Working Papers, Hong Kong Institute for Monetary Research View citations (14)
41. Renminbising China's Foreign Assets
    CESifo Working Paper Series, CESifo View citations (14)
    Also in Working Papers, Hong Kong Institute for Monetary Research (2010) View citations (4)
    See also Journal Article in Pacific Economic Review (2011)

2009

42. A Cross-Country Empirical Analysis of International Reserves
    CESifo Working Paper Series, CESifo View citations (29)
    See also Journal Article in International Economic Journal (2009)
43. A Factor Analysis of Trade Integration: The Case of Asian and Oceanic Economies
    Working Papers, Hong Kong Institute for Monetary Research View citations (4)
    See also Journal Article in Economie Internationale (2009)
44. A High-Low Model of Daily Stock Price Ranges
    Working Papers, Hong Kong Institute for Monetary Research View citations (16)
    Also in CESifo Working Paper Series, CESifo (2008)
    See also Journal Article in Journal of Forecasting (2009)
45. A Long Memory Model with Mixed Normal GARCH for US Inflation Data
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz View citations (1)
    Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2009) View citations (1)
46. A Multiple-Horizon Search for the Role of Trade and Financial Factors in Bilateral Real Exchange Rate Volatility
    Working Papers, Hong Kong Institute for Monetary Research View citations (2)
    See also Journal Article in Journal of Economics and Management (2009)
47. China's Current Account and Exchange Rate
    Working Papers, Hong Kong Institute for Monetary Research View citations (24)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (37)
    CESifo Working Paper Series, CESifo (2009) View citations (52)
    See also Chapter (2010)
48. Speculative Attacks: A Laboratory Study in Continuous Time
    Working Papers, Hong Kong Institute for Monetary Research View citations (11)
    Also in CESifo Working Paper Series, CESifo (2008) View citations (2)
    See also Journal Article in Journal of International Money and Finance (2009)
49. The Empirics of China's Outward Direct Investment
    Working Papers, Hong Kong Institute for Monetary Research View citations (42)
    Also in CESifo Working Paper Series, CESifo (2009) View citations (43)
    See also Journal Article in Pacific Economic Review (2009)

2008

50. Are All Measures of International Reserves Created Equal? An Empirical Comparison of International Reserve Ratios
    Working Papers, Hong Kong Institute for Monetary Research View citations (2)
    Also in Economics Discussion Papers, Kiel Institute for the World Economy (IfW Kiel) (2007) View citations (1)
    See also Journal Article in Economics - The Open-Access, Open-Assessment E-Journal (2007-2020) (2008)
51. Deviations from the Law of One Price in Japan
    CESifo Working Paper Series, CESifo View citations (8)
52. Hoarding of International Reserves: A Comparison of the Asian and Latin American Experiences
    Working Papers, Hong Kong Institute for Monetary Research View citations (2)
53. Pitfalls in Measuring Exchange Rate Misalignment: The Yuan and Other Currencies
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
54. Return, Trading Volume, and Market Depth in Currency Futures Markets
    Working Papers, Hong Kong Institute for Monetary Research View citations (2)

2007

55. Does the Chinese Interest Rate Follow the US Interest Rate?
    CESifo Working Paper Series, CESifo View citations (5)
    Also in Working Papers, Hong Kong Institute for Monetary Research (2006) View citations (11)
    See also Journal Article in International Journal of Finance & Economics (2008)
56. Hoarding of International Reserves: Mrs Machlup¡¦s Wardrobe and the Joneses
    Working Papers, Hong Kong Institute for Monetary Research View citations (6)
57. Hoarding of International Reserves: Mrs Machlup’s Wardrobe and the Joneses
    CESifo Working Paper Series, CESifo View citations (30)
    See also Journal Article in Review of International Economics (2009)
58. Nominal Exchange Rate Flexibility and Real Exchange Rate Adjustment: New Evidence from Dual Exchange Rates in Developing Countries
    Working Papers, Hong Kong Institute for Monetary Research
    See also Journal Article in Japan and the World Economy (2008)
59. The Overvaluation of Renminbi Undervaluation
    Working Papers, Hong Kong Institute for Monetary Research View citations (111)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (121)
    CESifo Working Paper Series, CESifo (2007) View citations (133)
    See also Journal Article in Journal of International Money and Finance (2007)

2006

60. A Reappraisal of the Border Effect on Relative Price Volatility
    CESifo Working Paper Series, CESifo View citations (4)
    Also in Working Papers, Hong Kong Institute for Monetary Research (2006) View citations (4)
    See also Journal Article in International Economic Journal (2006)
61. An Empirical Model of Daily Highs and Lows
    Working Papers, Hong Kong Institute for Monetary Research
    Also in CESifo Working Paper Series, CESifo (2006) View citations (1)
    See also Journal Article in International Journal of Finance & Economics (2007)
62. The Illusion of Precision and the Role of the Renminbi in Regional Integration
    Working Papers, Hong Kong Institute for Monetary Research View citations (10)
    See also Chapter (2009)

2005

63. An Output Perspective on a Northeast Asia Currency Union
    Working Papers, Hong Kong Institute for Monetary Research View citations (5)
    Also in CESifo Working Paper Series, CESifo (2004) View citations (1)
64. Cross-Country Relative Price Volatility: Effects of Market Structure
    Working Papers, Hong Kong Institute for Monetary Research View citations (3)
    Also in CESifo Working Paper Series, CESifo (2005) View citations (4)
    See also Journal Article in Review of International Economics (2006)
65. Empirical Exchange Rate Models of the Nineties: Are Any Fit to Survive?
    Working Papers, Hong Kong Institute for Monetary Research View citations (249)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations (78)
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2003) View citations (27)
    IMF Working Papers, International Monetary Fund (2004) View citations (45)
    Santa Cruz Center for International Economics, Working Paper Series, Center for International Economics, UC Santa Cruz (2003) View citations (28)
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2003) View citations (27)
    See also Journal Article in Journal of International Money and Finance (2005)
66. Exchange Rates and Markov Switching Dynamics
    Working Papers, Hong Kong Institute for Monetary Research View citations (54)
    Also in CESifo Working Paper Series, CESifo (2004) View citations (5)
    See also Journal Article in Journal of Business & Economic Statistics (2005)
67. Nominal Exchange Rate Flexibility and Real Exchange Rate Adjustment: Evidence from Dual Exchange Rates in Developing Countries
    CESifo Working Paper Series, CESifo View citations (3)
68. The Chinese Economies in Global Context: The Integration Process and Its Determinants
    Working Papers, Hong Kong Institute for Monetary Research
    Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2003) View citations (7)
    Santa Cruz Center for International Economics, Working Paper Series, Center for International Economics, UC Santa Cruz (2003) View citations (8)
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2003) View citations (8)
    NBER Working Papers, National Bureau of Economic Research, Inc (2003) View citations (10)
    See also Journal Article in Journal of the Japanese and International Economies (2006)
69. The Common-Trend and Transitory Dynamics in Real Exchange Rate Fluctuations
    FRU Working Papers, University of Copenhagen. Department of Economics. Finance Research Unit
    See also Journal Article in Applied Economics (2011)

2004

70. Exchange Rate Dynamics: Where is the Saddle Path?
    CESifo Working Paper Series, CESifo View citations (1)
71. Testing for Output Convergence: A Re-examination
    Working Papers, Hong Kong Institute for Monetary Research View citations (27)
    Also in CESifo Working Paper Series, CESifo (2000) View citations (5)
    See also Journal Article in Oxford Economic Papers (2004)
72. The Suitability of A Greater China Currency Union
    Working Papers, Hong Kong Institute for Monetary Research View citations (2)
    Also in CESifo Working Paper Series, CESifo (2004) View citations (3)

2003

73. An Analysis of Hong Kong Export Performance
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz View citations (2)
    Also in Working Papers, Hong Kong Institute for Monetary Research (2003) View citations (5)
    See also Journal Article in Pacific Economic Review (2005)
74. China, Hong Kong, and Taiwan: A Quantitative Assessment of Real and Financial Integration
    Santa Cruz Center for International Economics, Working Paper Series, Center for International Economics, UC Santa Cruz View citations (23)
    Also in Working Papers, Hong Kong Institute for Monetary Research (2003) View citations (24)
    CESifo Working Paper Series, CESifo (2003) View citations (25)
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2003) View citations (23)
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2003) View citations (23)
    See also Journal Article in China Economic Review (2003)
75. Dissecting the PPP Puzzle: The Unconventional Roles of Nominal Exchange Rate and Price Adjustment
    CESifo Working Paper Series, CESifo View citations (6)
    Also in Working Papers, Hong Kong Institute for Monetary Research (2003) View citations (3)
    See also Journal Article in Journal of International Economics (2004)
76. East Asian Equity Markets, Financial Crises, and the Japanese Currency
    Working Papers, Hong Kong Institute for Monetary Research View citations (1)
    See also Journal Article in Journal of the Japanese and International Economies (2007)
77. What Do We Know about Recent Exchange Rate Models? In-Sample Fit and Out-of-Sample Performance Evaluated
    Santa Cruz Center for International Economics, Working Paper Series, Center for International Economics, UC Santa Cruz View citations (3)
    Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2003) View citations (3)
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2003) View citations (4)
    CESifo Working Paper Series, CESifo (2003) View citations (6)

2002

78. Effects of U.S. Inflation on Hong Kong and Singapore
    CESifo Working Paper Series, CESifo View citations (21)
    Also in Working Papers, Hong Kong Institute for Monetary Research (2001)
    See also Journal Article in Journal of Comparative Economics (2002)

2001

79. Equity Price Dynamics Before and After the Introduction of the Euro
    Discussion Papers in Economics, University of Munich, Department of Economics View citations (7)
80. Equity Price Dynamics Before and After the Introduction of the Euro: A Note
    CESifo Working Paper Series, CESifo View citations (10)
    See also Journal Article in Multinational Finance Journal (2001)
81. Hong Kong Output Dynamics: An Empirical Analysis
    CESifo Working Paper Series, CESifo View citations (1)
    Also in Working Papers, Hong Kong Institute for Monetary Research (2000) View citations (1)
82. Market Structure, Technology Spillovers, and Persistence in Productivity Differentials
    CESifo Working Paper Series, CESifo View citations (3)
    See also Journal Article in The International Journal of Applied Economics (2004)
83. Sectoral Trends and Cycles in Germany
    CESifo Working Paper Series, CESifo
    See also Journal Article in Empirical Economics (2003)

2000

84. Currency Traders and Exchange Rate Dynamics: A Survey of the U.S. Market
    CESifo Working Paper Series, CESifo View citations (23)
    See also Journal Article in Journal of International Money and Finance (2001)
85. How Do UK-Based Foreign Exchange Dealers Think Their Market Operates?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (28)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1999) View citations (21)
    See also Journal Article in International Journal of Finance & Economics (2004)
86. Productivity shocks, monetary shocks, and the short- and long-run dynamics of exchange rates and relative prices
    Working Papers, Lund University, Department of Economics

1999

87. Are Macroeconomic Forecasts Informative? Cointegration Evidence from the ASA-NBER Surveys
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
88. Macroeconomic Implications of the Beliefs and Behavior of Foreign Exchange Traders
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (51)
89. Market Structure and the Persistence of Sectoral Real Exchange Rates
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (17)
    See also Journal Article in International Journal of Finance & Economics (2001)
90. On Cross-Country Differences in the Persistence of Real Exchange Rates
    CESifo Working Paper Series, CESifo View citations (12)
    See also Journal Article in Journal of International Economics (2000)
91. Output Dynamics of the G7 Countries - Stochastic Trends and Cyclical Movements
    CESifo Working Paper Series, CESifo View citations (7)
    See also Journal Article in Applied Economics (2002)
92. Traders, Market Microstructure and Exchange Rate Dynamics
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (16)

1997

93. Integration, Cointegration and the Forecast Consistency of Structural Exchange Rate Models
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    Also in International Finance, University Library of Munich, Germany (1995) View citations (2)
    See also Journal Article in Journal of International Money and Finance (1998)

1996

94. Further Investigation of the Uncertain Unit Root in GNP
    NBER Technical Working Papers, National Bureau of Economic Research, Inc View citations (9)
    Also in Econometrics, University Library of Munich, Germany (1995) View citations (2)
    See also Journal Article in Journal of Business & Economic Statistics (1997)

1995

95. Deterministic, stochastic and segmented trends in aggregate output: A cross-country analysis
    Macroeconomics, University Library of Munich, Germany View citations (1)
    See also Journal Article in Oxford Economic Papers (1996)
96. How sensitive are estimated trends to data definitions? Results for East Asian and G-5 countries
    Macroeconomics, University Library of Munich, Germany View citations (4)

1993

97. On maximum-likelihood estimation of the differencing parameter of fractionally integrated noise with unknown mean
    Working Papers, Federal Reserve Bank of Philadelphia
    Also in Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis (1990) View citations (2)
    See also Journal Article in Journal of Econometrics (1994)

Undated

98. Should the Nordic Countries Join A European Monetary Union? An Empirical Analysis
    EPRU Working Paper Series, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics View citations (4)

Journal Articles

2022

1. An introduction to the special issue “Financial globalization and de-globalization: Perspectives and prospects”
   Journal of International Money and Finance, 2022, 122, (C)

2021

2. The evolution of offshore renminbi trading: 2016 to 2019
   Journal of International Money and Finance, 2021, 113, (C)
   See also Working Paper (2020)

2020

3. A Jackknife Model Averaging Analysis of RMB Misalignment Estimates
   Journal of International Commerce, Economics and Policy (JICEP), 2020, 11, (02), 1-45
   See also Working Paper (2019)
4. A Tale of Two Surplus Countries: China and Germany
   Open Economies Review, 2020, 31, (1), 131-158 View citations (2)
   See also Working Paper (2019)
5. Capital flight to Germany: Two alternative measures
   Journal of International Money and Finance, 2020, 102, (C) View citations (3)
   See also Working Paper (2019)
6. Overview: Global safe assets, international reserves, and capital flow
   Journal of International Money and Finance, 2020, 102, (C)
7. The currency composition of international reserves, demand for international reserves, and global safe assets
   Journal of International Money and Finance, 2020, 102, (C) View citations (2)
   See also Working Paper (2019)

2019

8. Exchange rate prediction redux: New models, new data, new currencies
   Journal of International Money and Finance, 2019, 95, (C), 332-362 View citations (27)
   See also Working Paper (2017)
9. Geographic Spread of Currency Trading: The Renminbi and Other Emerging Market Currencies
   China & World Economy, 2019, 27, (5), 25-36 View citations (9)
10. Hoarding of international reserves: It's a neighbourly day in Asia
    Pacific Economic Review, 2019, 24, (2), 208-240
    See also Working Paper (2019)
11. The Interest Rate Effect on Private Saving: Alternative Perspectives
    Journal of International Commerce, Economics and Policy (JICEP), 2019, 10, (01), 1-37 View citations (4)
    See also Working Paper (2019)
12. The exchange rate effects of macro news after the global Financial Crisis
    Journal of International Money and Finance, 2019, 95, (C), 424-443 View citations (5)
    See also Working Paper (2017)
13. Truths and Myths About RMB Misalignment: A Meta-analysis
    Comparative Economic Studies, 2019, 61, (3), 464-492 View citations (1)
    See also Working Paper (2019)

2018

14. The RMB central parity formation mechanism: August 2015 to December 2016
    Journal of International Money and Finance, 2018, 86, (C), 223-243 View citations (8)
    See also Working Paper (2018)

2017

15. Effects of capital flow on the equity and housing markets in Hong Kong
    Pacific Economic Review, 2017, 22, (3), 332-349 View citations (8)
    See also Working Paper (2017)
16. Estimating currency misalignment using the Penn effect: It is not as simple as it looks
    International Finance, 2017, 20, (3), 222-242 View citations (10)
    See also Working Paper (2016)
17. Offshore renminbi trading: Findings from the 2013 Triennial Central Bank Survey
    International Economics, 2017, 152, (C), 9-20 View citations (5)
    Also in International Economics, 2017, (152), 9-20 (2017) View citations (5)

2016

18. China's Bilateral Currency Swap Lines
    China & World Economy, 2016, 24, (6), 19-42 View citations (4)
    See also Working Paper (2016)
19. China's capital flight: Pre- and post-crisis experiences
    Journal of International Money and Finance, 2016, 66, (C), 88-112 View citations (15)
    See also Working Paper (2016)
20. China–US trade flow behavior: the implications of alternative exchange rate measures and trade classifications
    Review of World Economics (Weltwirtschaftliches Archiv), 2016, 152, (1), 43-67 View citations (3)

2015

21. International reserves before and after the global crisis: Is there no end to hoarding?
    Journal of International Money and Finance, 2015, 52, (C), 102-126 View citations (44)
    See also Working Paper (2015)

2014

22. China's Capital Controls: Through the Prism of Covered Interest Differentials
    Pacific Economic Review, 2014, 19, (1), 112-134 View citations (12)
    See also Working Paper (2013)
23. EXCHANGE RATE MISALIGNMENT ESTIMATES—SOURCES OF DIFFERENCES
    International Journal of Finance & Economics, 2014, 19, (2), 91-121 View citations (7)
    See also Working Paper (2011)
24. The Missing Link: China's Contracted Engineering Projects in Africa
    Review of Development Economics, 2014, 18, (3), 564-580 View citations (3)
25. The Penn effect within a country: evidence from Japan
    Oxford Economic Papers, 2014, 66, (4), 1070-1089 View citations (1)
    See also Working Paper (2012)
26. The offshore renminbi exchange rate: Microstructure and links to the onshore market
    Journal of International Money and Finance, 2014, 49, (PA), 170-189 View citations (31)
    See also Working Paper (2014)

2013

27. Impact of exchange rate movements on exports: An analysis of Indian non-financial sector firms
    Journal of International Money and Finance, 2013, 39, (C), 231-245 View citations (53)
    See also Working Paper (2013)

2012

28. Are Chinese trade flows different?
    Journal of International Money and Finance, 2012, 31, (8), 2127-2146 View citations (55)
    See also Working Paper (2012)
29. China's Outward Direct Investment in Africa
    Review of International Economics, 2012, 20, (2), 201-220 View citations (24)
    See also Working Paper (2011)

2011

30. A Long Memory Model with Normal Mixture GARCH
    Computational Economics, 2011, 38, (4), 517-539
31. Accumulation of reserves and keeping up with the Joneses: The case of LATAM economies
    International Review of Economics & Finance, 2011, 20, (1), 19-31 View citations (14)
    See also Working Paper (2010)
32. RENMINBISING CHINA'S FOREIGN ASSETS
    Pacific Economic Review, 2011, 16, (1), 1-17 View citations (14)
    See also Working Paper (2010)
33. Renminbi Going Global
    China & World Economy, 2011, 19, (2), 1-18 View citations (26)
    See also Working Paper (2011)
34. The Determinants of Chinese Outward Direct Investment – By Hinrich Voss
    Asian-Pacific Economic Literature, 2011, 25, (2), 165-166
35. The common-trend and transitory dynamics in real exchange rate fluctuations
    Applied Economics, 2011, 43, (1), 1-18 View citations (2)
    See also Working Paper (2005)

2010

36. A trading strategy based on Callable Bull/Bear Contracts
    Pacific-Basin Finance Journal, 2010, 18, (2), 186-198 View citations (11)
37. Capital Flight: China's Experience
    Review of Development Economics, 2010, 14, (2), 227-247 View citations (15)
    See also Working Paper (2010)

2009

38. A Cross-Country Empirical Analysis of International Reserves
    International Economic Journal, 2009, 23, (4), 447-481 View citations (23)
    See also Working Paper (2009)
39. A Factor Analysis of Trade Integration: the Case of Asian and Oceanic Economies
    Economie Internationale, 2009, (119), 5-23 View citations (2)
    See also Working Paper (2009)
40. A Multiple-Horizon Search for the Role of Trade and Financial Factors in Bilateral Real Exchange Rate Volatility
    Journal of Economics and Management, 2009, 5, (2), 187-218 View citations (2)
    See also Working Paper (2009)
41. A high-low model of daily stock price ranges
    Journal of Forecasting, 2009, 28, (2), 103-119 View citations (16)
    See also Working Paper (2009)
42. EMPIRICS OF CHINA'S OUTWARD DIRECT INVESTMENT
    Pacific Economic Review, 2009, 14, (3), 312-341 View citations (55)
    See also Working Paper (2009)
43. Hoarding of International Reserves: Mrs Machlup's Wardrobe and the Joneses
    Review of International Economics, 2009, 17, (4), 824-843 View citations (53)
    See also Working Paper (2007)
44. Pitfalls in Measuring Exchange Rate Misalignment
    Open Economies Review, 2009, 20, (2), 183-206 View citations (43)
45. Renminbisation des actifs internationaux de la Chine
    Revue d'Économie Financière, 2009, 95, (2), 135-155 View citations (4)
46. Speculative attacks: A laboratory study in continuous time
    Journal of International Money and Finance, 2009, 28, (6), 1064-1082 View citations (11)
    See also Working Paper (2009)

2008

47. Are All Measures of International Reserves Created Equal? An Empirical Comparison of International Reserve Ratios
    Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), 2008, 2, 1-61 View citations (4)
    See also Working Paper (2008)
48. Does the Chinese interest rate follow the US interest rate?
    International Journal of Finance & Economics, 2008, 13, (1), 53-67 View citations (12)
    See also Working Paper (2007)
49. Nominal exchange rate flexibility and real exchange rate adjustment: New evidence from dual exchange rates in developing countries
    Japan and the World Economy, 2008, 20, (3), 415-434 View citations (2)
    See also Working Paper (2007)

2007

50. An empirical model of daily highs and lows
    International Journal of Finance & Economics, 2007, 12, (1), 1-20 View citations (26)
    See also Working Paper (2006)
51. East Asian equity markets, financial crises, and the Japanese currency
    Journal of the Japanese and International Economies, 2007, 21, (1), 138-152 View citations (9)
    See also Working Paper (2003)
52. THE FOG ENCIRCLING THE RENMINBI DEBATE
    The Singapore Economic Review (SER), 2007, 52, (03), 403-418 View citations (1)
53. The overvaluation of Renminbi undervaluation
    Journal of International Money and Finance, 2007, 26, (5), 762-785 View citations (121)
    See also Working Paper (2007)

2006

54. A Reappraisal of the Border Effect on Relative Price Volatility
    International Economic Journal, 2006, 20, (4), 495-513 View citations (4)
    See also Working Paper (2006)
55. Cross‐country Relative Price Volatility: Effects of Market Structure*
    Review of International Economics, 2006, 14, (5), 836-848 View citations (2)
    See also Working Paper (2005)
56. The Chinese economies in global context: The integration process and its determinants
    Journal of the Japanese and International Economies, 2006, 20, (1), 128-153 View citations (23)
    See also Working Paper (2005)

2005

57. AN ANALYSIS OF HONG KONG EXPORT PERFORMANCE
    Pacific Economic Review, 2005, 10, (3), 323-340 View citations (10)
    See also Working Paper (2003)
58. Dimensions of financial integration in Greater China: money markets, banks and policy effects
    International Journal of Finance & Economics, 2005, 10, (2), 117-132 View citations (16)
59. Empirical exchange rate models of the nineties: Are any fit to survive?
    Journal of International Money and Finance, 2005, 24, (7), 1150-1175 View citations (433)
    See also Working Paper (2005)
60. Exchange Rates and Markov Switching Dynamics
    Journal of Business & Economic Statistics, 2005, 23, 314-320 View citations (48)
    See also Working Paper (2005)
61. Why the renminbi might be overvalued (but probably isn’t)
    Proceedings, 2005 View citations (10)

2004

62. Dissecting the PPP puzzle: the unconventional roles of nominal exchange rate and price adjustments
    Journal of International Economics, 2004, 64, (1), 135-150 View citations (65)
    See also Working Paper (2003)
63. How do UK-based foreign exchange dealers think their market operates?
    International Journal of Finance & Economics, 2004, 9, (4), 289-306 View citations (72)
    See also Working Paper (2000)
64. Market Structure, Technology Spillovers, and Persistence in Productivity Differentials
    The International Journal of Applied Economics, 2004, 1, (1), 1-23 View citations (3)
    See also Working Paper (2001)
65. Testing for output convergence: a re-examination
    Oxford Economic Papers, 2004, 56, (1), 45-63 View citations (22)
    See also Working Paper (2004)

2003

66. China, Hong Kong, and Taiwan: A quantitative assessment of real and financial integration
    China Economic Review, 2003, 14, (3), 281-303 View citations (26)
    See also Working Paper (2003)
67. Sectoral trends and cycles in Germany
    Empirical Economics, 2003, 28, (1), 141-156 View citations (5)
    See also Working Paper (2001)

2002

68. Effects of U.S. Inflation on Hong Kong and Singapore
    Journal of Comparative Economics, 2002, 30, (3), 603-619 View citations (18)
    See also Working Paper (2002)
69. Output dynamics of the G7 countries--stochastic trends and cyclical movements
    Applied Economics, 2002, 34, (18), 2239-2247 View citations (11)
    See also Working Paper (1999)

2001

70. A Note on the Power of Money‐Output Causality Tests
    Oxford Bulletin of Economics and Statistics, 2001, 63, (2), 247-261 View citations (2)
71. Currency traders and exchange rate dynamics: a survey of the US market
    Journal of International Money and Finance, 2001, 20, (4), 439-471 View citations (305)
    See also Working Paper (2000)
72. Equity Price Dynamics Before and After the Introduction of the Euro: A Note
    Multinational Finance Journal, 2001, 5, (2), 113-128 View citations (1)
    See also Working Paper (2001)
73. Long memory and nonlinear mean reversion in Japanese yen-based real exchange rates
    Journal of International Money and Finance, 2001, 20, (1), 115-132 View citations (44)
74. Market Structure and the Persistence of Sectoral Real Exchange Rates
    International Journal of Finance & Economics, 2001, 6, (2), 95-114 View citations (35)
    See also Working Paper (1999)

2000

75. A survey of market practitioners' views on exchange rate dynamics
    Journal of International Economics, 2000, 51, (2), 401-419 View citations (121)
76. Does Austria Respond to the German or the US Business Cycle?
    International Journal of Finance & Economics, 2000, 5, (1), 33-42 View citations (7)
77. On cross-country differences in the persistence of real exchange rates
    Journal of International Economics, 2000, 50, (2), 375-397 View citations (82)
    See also Working Paper (1999)
78. On the purchasing power parity puzzle
    Journal of International Economics, 2000, 52, (2), 321-330 View citations (139)
79. Special Issue on Asset Price Dynamics and Risk Management
    Multinational Finance Journal, 2000, 4, (3-4), 155-157
80. Which Measure of Aggregate Output Should We Use?
    Journal of Macroeconomics, 2000, 22, (2), 253-269

1999

81. An analysis of German effects on the Austrian business cycle
    Review of World Economics (Weltwirtschaftliches Archiv), 1999, 135, (3), 522-531 View citations (6)
82. Macroeconomic determinants of long-term stock market comovements among major EMS countries
    Applied Financial Economics, 1999, 9, (1), 73-85 View citations (26)

1998

83. A comparison of learning and replicator dynamics using experimental data
    Journal of Economic Behavior & Organization, 1998, 35, (3), 263-280 View citations (28)
84. Economic growth and stationarity of real exchange rates: Evidence from some fast-growing Asian countries
    Pacific-Basin Finance Journal, 1998, 6, (1-2), 61-76 View citations (11)
85. Integration, cointegration and the forecast consistency of structural exchange rate models
    Journal of International Money and Finance, 1998, 17, (5), 813-830 View citations (27)
    See also Working Paper (1997)
86. International evidence on the stock market and aggregate economic activity
    Journal of Empirical Finance, 1998, 5, (3), 281-296 View citations (107)
87. Parity reversion in real exchange rates during the post-Bretton Woods period
    Journal of International Money and Finance, 1998, 17, (4), 597-614 View citations (78)

1997

88. Bandwidth Selection, Prewhitening, and the Power of the Phillips-Perron Test
    Econometric Theory, 1997, 13, (5), 679-691 View citations (8)
89. Common Predictable Components in Regional Stock Markets
    Journal of Business & Economic Statistics, 1997, 15, (1), 35-42 View citations (16)
90. Further Investigation of the Uncertain Unit Root in GNP
    Journal of Business & Economic Statistics, 1997, 15, (1), 68-73 View citations (61)
    See also Working Paper (1996)
91. Individual Learning in Normal Form Games: Some Laboratory Results
    Games and Economic Behavior, 1997, 19, (1), 46-76 View citations (171)
92. Information Flows Between Eurodollar Spot and Futures Markets
    Multinational Finance Journal, 1997, 1, (4), 255-271 View citations (8)
93. The Performance of Trading Rules on Four Asian Currency Exchange Rates
    Multinational Finance Journal, 1997, 1, (1), 1-22 View citations (3)
94. What are the global sources of rational variation in international equity returns?
    Journal of International Money and Finance, 1997, 16, (6), 821-836 View citations (10)

1996

95. A causality-in-variance test and its application to financial market prices
    Journal of Econometrics, 1996, 72, (1-2), 33-48 View citations (293)
96. Deterministic, Stochastic, and Segmented Trends in Aggregate Output: A Cross-Country Analysis
    Oxford Economic Papers, 1996, 48, (1), 134-62 View citations (39)
    See also Working Paper (1995)
97. International economics: Peter H. Lindert and Thomas A. Pugel
    The North American Journal of Economics and Finance, 1996, 7, (2), 231-232
98. Stock Market Volatility and Fractional Integration
    International Journal of Finance & Economics, 1996, 1, (4), 263-73

1995

99. A search for long memory in international stock market returns
    Journal of International Money and Finance, 1995, 14, (4), 597-615 View citations (114)
100. How sensitive are trends to data definitions? Results for East Asian and G5 countries
     Applied Economics Letters, 1995, 2, (1), 1-6
101. Lag Order and Critical Values of a Modified Dickey-Fuller Test
     Oxford Bulletin of Economics and Statistics, 1995, 57, (3), 411-19 View citations (95)
102. Lag Order and Critical Values of the Augmented Dickey-Fuller Test
     Journal of Business & Economic Statistics, 1995, 13, (3), 277-80 View citations (186)
103. Pacific-Basin stock markets and real activity
     Pacific-Basin Finance Journal, 1995, 3, (1), 143-143 View citations (1)
     Also in Pacific-Basin Finance Journal, 1994, 2, (2-3), 349-373 (1994) View citations (16)
104. Purchasing power parity under the European Monetary System
     Journal of International Money and Finance, 1995, 14, (2), 179-189 View citations (17)

1994

105. Aggregate output dynamics in the twentieth century
     Economics Letters, 1994, 45, (1), 15-22 View citations (5)
106. Mean reversion in real exchange rates
     Economics Letters, 1994, 46, (3), 251-256 View citations (46)
107. On maximum likelihood estimation of the differencing parameter of fractionally-integrated noise with unknown mean
     Journal of Econometrics, 1994, 62, (2), 301-316 View citations (70)
     See also Working Paper (1993)

1993

108. A Fractional Cointegration Analysis of Purchasing Power Parity
     Journal of Business & Economic Statistics, 1993, 11, (1), 103-12 View citations (280)
109. Do Gold Market Returns Have Long Memory?
     The Financial Review, 1993, 28, (2), 181-202 View citations (55)
110. Finite-Sample Sizes of Johansen's Likelihood Ration Tests for Conintegration
     Oxford Bulletin of Economics and Statistics, 1993, 55, (3), 313-28 View citations (490)
111. Long Memory in Foreign-Exchange Rates
     Journal of Business & Economic Statistics, 1993, 11, (1), 93-101 View citations (167)
112. Long-run purchasing power parity during the recent float
     Journal of International Economics, 1993, 34, (1-2), 181-192 View citations (143)
113. TESTS FOR FRACTIONAL INTEGRATION:A MONTE CARLO INVESTIGATION
     Journal of Time Series Analysis, 1993, 14, (4), 331-345 View citations (27)

1992

114. International evidence on output persistence from postwar data
     Economics Letters, 1992, 38, (4), 435-441 View citations (6)
115. Stock Price Dynamics and Firm Size: An Empirical Investigation
     Journal of Finance, 1992, 47, (5), 1985-97 View citations (57)

Edited books

2017

1. International Currency Exposure, vol 1
   MIT Press Books, The MIT Press

2012

2. The Evolving Role of China in the Global Economy, vol 1
   MIT Press Books, The MIT Press

Chapters

2010

1. China's Current Account and Exchange Rate
   A chapter in China's Growing Role in World Trade, 2010, pp 231-271 View citations (18)
   See also Working Paper (2009)

2009

2. The Illusion of Precision and the Role of the Renminbi in Regional Integration
   Chapter 13 in Towards Monetary and Financial Integration in East Asia, 2009 View citations (3)
   See also Working Paper (2006)

Editor

1. Asia-Pacific Journal of Accounting & Economics
   Taylor & Francis Journals
2. Pacific Economic Review
   Wiley Blackwell