Occasional Papers disseminate macroeconomic and financial market research relevant to the various functions of the HKMA, and present the conceptual and empirical basis underpinning its policies. The papers in this series are published with the objective of promoting the understanding of HKMA policies among the general public and the international community. The views and analysis expressed in the papers are those of the authors, and do not necessarily reflect the views of the HKMA.
Research Notes provide succinct and focused analysis of topical issues relating to monetary and financial stability in Hong Kong and the Asia-Pacific region. The views and analysis expressed in the papers are those of the authors, and do not necessarily reflect the views of the HKMA.
Research Letters are issued occasionally to provide non-technical summaries of research by the HKMA staff members. The views and analysis expressed in the papers are those of the authors, and do not necessarily reflect the views of the HKMA.
China Economic Issues is a research series which aims to provide detailed analysis of economic and financial market issues on the Mainland. The views and analysis expressed in the papers are those of the authors, and do not necessarily reflect the position of the HKMA.