David Leung

Hong Kong Monetary Authority

3 Garden Road, 30th Floor

Hong Kong

Hong Kong

SCHOLARLY PAPERS

8

DOWNLOADS

729

SSRN CITATIONS

1

CROSSREF CITATIONS

9

Scholarly Papers (8)

1.

Interactions between CNY and CNH Money and Forward Exchange Markets

HKIMR Working Paper No.13/2014
Number of pages: 36 Posted: 12 Jun 2014
David Leung and John Fu
Hong Kong Monetary Authority and Hong Kong Monetary Authority
Downloads 221 (166,004)
Citation 6

Abstract:

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Eurodollar, Renminbi, Deliverable Forward Market, Offshore Markets, Regulation Q, Capital Control, Multivariate GARCH, Price Discovery

2.

Risk-Adjusted Covered Interest Parity: Theory and Evidence

Number of pages: 25 Posted: 06 Sep 2016 Last Revised: 13 Mar 2017
Alfred Wong, David Leung and Calvin Ng
Hong Kong Monetary Authority, Hong Kong Monetary Authority and Hong Kong Monetary Authority
Downloads 203 (179,721)
Citation 8

Abstract:

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covered interest parity, CIP deviation, forward rate, exchange rate, Libor-OIS spread, counterparty credit risk, liquidity funding risk, FX swap

3.

The Flow-Performance Relationship in Emerging Market Bond Funds

HKIMR Working Paper No.4/2018
Number of pages: 46 Posted: 05 Feb 2018
David Leung and Max Kwong
Hong Kong Monetary Authority and Hong Kong Monetary Authority
Downloads 114 (288,111)

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mutual funds, bond funds, flow-performance relationship, mutual fund flows, convexity

4.

The Rise of Hong Kong's Corporate Bond Market: Drivers and Implications

BIS Paper No. 83i
Number of pages: 16 Posted: 24 Nov 2015
David Leung, Ceara Hui, Tom Fong and Alfred Wong
Hong Kong Monetary Authority, Hong Kong Monetary Authority, Hong Kong Monetary Authority and Hong Kong Monetary Authority
Downloads 67 (399,366)

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Corporate bond market, Hong Kong SAR, financial intermediation, corporate leverage, bank-based financing, market-based financing

5.

The Limit of Evil: Effects of Inflation and Public Debt on Capital Market Development

Hong Kong Monetary Authority Research Memorandum, 2019, 02
Number of pages: 15 Posted: 14 Feb 2019
David Leung, Wenzhe Li, Alfred Wong and Jiayue Zhang
Hong Kong Monetary Authority, Tsinghua University, PBC School of Finance, Hong Kong Monetary Authority and Brown University - Department of Economics
Downloads 49 (462,944)
Citation 1

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6.

Interpreting Survey-Based Federal Funds Rate Forecasts: How Accurate Are They in Reflecting Market Expectations?

Number of pages: 25 Posted: 17 Apr 2019
Max Kwong, David Leung, Alfred Wong and Jiayue Zhang
Hong Kong Monetary Authority, Hong Kong Monetary Authority, Hong Kong Monetary Authority and Brown University - Department of Economics
Downloads 35 (525,397)

Abstract:

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Fed Funds Rate, Monetary Policy Expectation

7.

Impact of Exchange Rate Risk on the Volatility of Emerging Market Bond Fund Flows: Does Currency Denomination Matter?

Number of pages: 16 Posted: 24 Nov 2020
David Leung and Wilson Wan
Hong Kong Monetary Authority and Hong Kong Monetary Authority
Downloads 21 (608,084)

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Bond fund flows, Currency denomination, Volatility

8.

Sensitivity of Emerging Market Bond Fund Flows to US Monetary Stance and Global Risk Aversion

Hong Kong Monetary Authority, Research Memorandum 01/2018
Number of pages: 19 Posted: 17 May 2019
David Leung, Jiayue Zhang and Alfred Wong
Hong Kong Monetary Authority, Brown University - Department of Economics and Hong Kong Monetary Authority
Downloads 19 (621,543)

Abstract:

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Fund Flow, Emerging Markets, Bond Market, Risk Aversion