HKMA Quarterly Bulletin (March 2008 Issue)

The Hong Kong Monetary Authority (HKMA) today (Wednesday) published the March 2008 issue of its Quarterly Bulletin.

This Quarterly Bulletin contains three feature articles:

• Hong Kong-dollar debt market development in 2007 - reviewing the Hong Kong-dollar debt market.
• Liquidity and risk management in the RTGS system - the Hong Kong experience - studying issues related to intraday liquidity using the Hong Kong experience with special reference to the huge increase in Hong Kong-dollar RTGS system turnover in 2007.
• The influence of US and Mainland shocks on Hong Kong's short-term interest rates - analysing the significance of unexpected macroeconomic developments on the Mainland in determining Hong Kong money market interest rates after controlling for the influences of US variables

In a move to streamline production and reduce paper consumption, starting in 2008, the Quarterly Bulletin will be available only on the HKMA website at http://www.info.gov.hk/hkma/eng/public/qb_index.htm. However, printed versions (English only) of the Half-Yearly Monetary and Financial Stability Report will still be available and published in June and December.

For further enquiries, please contact:
Peggy Lo, Manager (Press), at 2878 1687 or
Hing-fung Wong, Manager (Press), at 2878 1802

Hong Kong Monetary Authority
19 March 2008