The book extensively discusses the structure and stability of the Hong Kong banking sector, using economic theory and advanced empirical econometric techniques. It is important for readers who are interested in studying the banking industry in general, and the Hong Kong banking sector in particular.
Hans Genberg and Cho-Hoi Hui have brought together a detailed assessment of conditions in the Hong Kong banking sector in the years following deregulation in 2001. The analysis of competition and efficiency, interest rate setting and default risk, and stress-testing procedures adopted by banks following roll out of Basel II, by the research staff of the Hong Kong Monetary Authority, offers a careful examination of these issues. It is essential reading for economists, bankers, regulators and policymakers working in Hong Kong and the Asian region - Paul Mizen, Professor of Monetary Economics& Director, Centre for Finance and Credit Markets
This is a collection of outstanding research work of the Hong Kong Monetary Authority on issues of high relevance in understanding the structure and stability of the Hong Kong banking sector. Through the insightful analyses, readers will be better able to appreciate the strength of Hong Kong in meeting opportunities and challenges ahead in furthering its position as a leading financial centre - He Guangbei, Chairman, Hong Kong Association of Banks
This book demonstrates the importance of high-quality research in contemporary central banking. It contains an impressive collection of authoritative articles by the research staff of the Hong Kong Monetary Authority. Their contributions exploit a range of sophisticated techniques to investigate such key issues as the crucial mortgage market, the dominance of large banks, the impact of market liberalisation and the stability of the financial system. The book's findings are set firmly in the context of worldwide market developments and banking behaviour, which gives the volume considerable international relevance. The story of how Hong Kong has pursued competition and improved efficiency without sacrificing stability sheds new light on the city's remarkable role as a major Asian financial centre - Leo F. Goodstadt, former Head of the Hong Kong Government's Central Policy Unit, author of Profits, Politics and Panics: Hong Kong's Banks and the Making of a Miracle Economy, 1935-1985
This is a collection of outstanding research work of the Hong Kong Monetary Authority on issues of high relevance in understanding the structure and stability of the Hong Kong banking sector. Through the insightful analyses, readers will be better able to appreciate the strength of Hong Kong in meeting opportunities and challenges ahead in furthering its position as a leading financial centre - He Guangbei, Chairman, Hong Kong Association of Banks
This book demonstrates the importance of high-quality research in contemporary central banking. It contains an impressive collection of authoritative articles by the research staff of the Hong Kong Monetary Authority. Their contributions exploit a range of sophisticated techniques to investigate such key issues as the crucial mortgage market, the dominance of large banks, the impact of market liberalisation and the stability of the financial system. The book's findings are set firmly in the context of worldwide market developments and banking behaviour, which gives the volume considerable international relevance. The story of how Hong Kong has pursued competition and improved efficiency without sacrificing stability sheds new light on the city's remarkable role as a major Asian financial centre - Leo F. Goodstadt, former Head of the Hong Kong Government's Central Policy Unit, author of Profits, Politics and Panics: Hong Kong's Banks and the Making of a Miracle Economy, 1935-1985