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Details about Yin-Wong Cheung

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

Access statistics for papers by Yin-Wong Cheung.

Last updated 2025-07-06. Update your information in the RePEc Author Service.

Short-id: pch261


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Working Papers

2025

  1. An In-Sample Evaluation of Exchange Rate Models: In Search of Scapegoats
    CESifo Working Paper Series, CESifo Downloads
    Also in IEER Working Papers, Institute of Empirical Economic Research, Osnabrueck University (2025) Downloads

2022

  1. Commodity Price Effects on Currencies
    CESifo Working Paper Series, CESifo Downloads View citations (1)
    See also Journal Article Commodity price effects on currencies, Journal of International Money and Finance, Elsevier (2023) Downloads View citations (5) (2023)

2021

  1. International Reserve Management and Firm Investment in Emerging Market Economies
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    See also Journal Article International Reserve Management and Firm Investment in Emerging Market Economies, Open Economies Review, Springer (2025) Downloads View citations (2) (2025)

2020

  1. A Decade of RMB Internationalization
    GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit Downloads
    Also in BOFIT Policy Briefs, Bank of Finland Institute for Emerging Economies (BOFIT) (2020) Downloads

    See also Journal Article A decade of RMB internationalisation, Economic and Political Studies, Taylor & Francis Journals (2023) Downloads View citations (2) (2023)
  2. The Evolution of Offshore Renminbi Trading: 2016 to 2019
    CESifo Working Paper Series, CESifo Downloads
    Also in IEER Working Papers, Institute of Empirical Economic Research, Osnabrueck University (2020) Downloads
    GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit (2020) Downloads

    See also Journal Article The evolution of offshore renminbi trading: 2016 to 2019, Journal of International Money and Finance, Elsevier (2021) Downloads View citations (7) (2021)
  3. 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 Downloads
    See also Journal Article Uncovered interest rate parity redux: Non-uniform effects, Journal of Empirical Finance, Elsevier (2022) Downloads View citations (5) (2022)

2019

  1. A Jackknife Model Averaging Analysis of RMB Misalignment Estimates
    IEER Working Papers, Institute of Empirical Economic Research, Osnabrueck University Downloads View citations (1)
    Also in CESifo Working Paper Series, CESifo (2019) Downloads View citations (1)

    See also Journal Article A Jackknife Model Averaging Analysis of RMB Misalignment Estimates, Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd. (2020) Downloads (2020)
  2. 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 Downloads
    Also in CESifo Working Paper Series, CESifo (2019) Downloads View citations (5)
    IEER Working Papers, Institute of Empirical Economic Research, Osnabrueck University (2019) Downloads View citations (2)

    See also Journal Article A Tale of Two Surplus Countries: China and Germany, Open Economies Review, Springer (2020) Downloads View citations (6) (2020)
  3. Capital Flight to Germany: Two Alternative Measures
    IEER Working Papers, Institute of Empirical Economic Research, Osnabrueck University Downloads View citations (1)
    See also Journal Article Capital flight to Germany: Two alternative measures, Journal of International Money and Finance, Elsevier (2020) Downloads View citations (21) (2020)
  4. 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 Downloads
  5. The Currency Composition of International Reserves, Demand for International Reserves, and Global Safe Assets
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (9)
    See also Journal Article The currency composition of international reserves, demand for international reserves, and global safe assets, Journal of International Money and Finance, Elsevier (2020) Downloads View citations (27) (2020)
  6. 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 Downloads
    See also Journal Article Hoarding of international reserves: It's a neighbourly day in Asia, Pacific Economic Review, Wiley Blackwell (2019) Downloads (2019)
  7. 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 Downloads
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2016) Downloads View citations (10)

    See also Journal Article The Interest Rate Effect on Private Saving: Alternative Perspectives, Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd. (2019) Downloads View citations (15) (2019)
  8. Truths and myths about RMB misalignment: A meta-analysis
    BOFIT Discussion Papers, Bank of Finland Institute for Emerging Economies (BOFIT) Downloads View citations (1)
    See also Journal Article Truths and Myths About RMB Misalignment: A Meta-analysis, Comparative Economic Studies, Palgrave Macmillan (2019) Downloads View citations (6) (2019)

2018

  1. 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 Downloads
    See also Journal Article The RMB central parity formation mechanism: August 2015 to December 2016, Journal of International Money and Finance, Elsevier (2018) Downloads View citations (21) (2018)

2017

  1. Effects of Capital Flow on the Equity and Housing Markets in Hong Kong
    Working Papers, Hong Kong Institute for Monetary Research Downloads View citations (13)
    Also in GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit (2017) Downloads

    See also Journal Article Effects of capital flow on the equity and housing markets in Hong Kong, Pacific Economic Review, Wiley Blackwell (2017) Downloads View citations (14) (2017)
  2. Exchange Rate Prediction Redux: New Models, New Data, New Currencies
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (31)
    Also in Working Paper Series, European Central Bank (2017) Downloads View citations (22)

    See also Journal Article Exchange rate prediction redux: New models, new data, new currencies, Journal of International Money and Finance, Elsevier (2019) Downloads View citations (77) (2019)
  3. The Exchange Rate Effects of Macro News after the Global Financial Crisis
    Globalization Institute Working Papers, Federal Reserve Bank of Dallas Downloads View citations (1)
    Also in GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit (2017) Downloads

    See also Journal Article The exchange rate effects of macro news after the global Financial Crisis, Journal of International Money and Finance, Elsevier (2019) Downloads View citations (13) (2019)
  4. The RMB Central Parity Formation Mechanism after August 2015: A Statistical Analysis
    Working Papers, Hong Kong Institute for Monetary Research Downloads View citations (3)
  5. The Renminbi central parity: An empirical investigation
    BOFIT Discussion Papers, Bank of Finland Institute for Emerging Economies (BOFIT) Downloads
    Also in Working Papers, Hong Kong Institute for Monetary Research (2016) Downloads View citations (10)
    CESifo Working Paper Series, CESifo (2016) Downloads View citations (14)

2016

  1. China's Bilateral Currency Swap Lines
    CESifo Working Paper Series, CESifo Downloads View citations (9)
    Also in GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit Downloads

    See also Journal Article China's Bilateral Currency Swap Lines, China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences (2016) Downloads View citations (7) (2016)
  2. China's capital flight: Pre- and post-crisis experiences
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz Downloads View citations (7)
    Also in GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit Downloads
    IEER Working Papers, Institute of Empirical Economic Research, Osnabrueck University (2015) Downloads View citations (4)
    CESifo Working Paper Series, CESifo (2015) Downloads View citations (4)

    See also Journal Article China's capital flight: Pre- and post-crisis experiences, Journal of International Money and Finance, Elsevier (2016) Downloads View citations (20) (2016)
  3. Estimating Currency Misalignment Using the Penn Effect: It’s Not as Simple As It Looks
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
    See also Journal Article Estimating currency misalignment using the Penn effect: It is not as simple as it looks, International Finance, Wiley Blackwell (2017) Downloads View citations (15) (2017)

2015

  1. International Reserves Before and After the Global Crisis: Is There No End to Hoarding?
    CESifo Working Paper Series, CESifo Downloads View citations (72)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) Downloads View citations (14)

    See also Journal Article International reserves before and after the global crisis: Is there no end to hoarding?, Journal of International Money and Finance, Elsevier (2015) Downloads View citations (72) (2015)

2014

  1. The Offshore Renminbi Exchange Rate: Microstructure and Links to the Onshore Market
    CESifo Working Paper Series, CESifo Downloads View citations (53)
    Also in BOFIT Discussion Papers, Bank of Finland Institute for Emerging Economies (BOFIT) (2014) Downloads View citations (16)
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2014) Downloads View citations (50)

    See also Journal Article The offshore renminbi exchange rate: Microstructure and links to the onshore market, Journal of International Money and Finance, Elsevier (2014) Downloads View citations (50) (2014)
  2. The Role of Offshore Financial Centers in the Process of Renminbi Internationalization
    Finance Working Papers, East Asian Bureau of Economic Research Downloads View citations (6)
    Also in BOFIT Policy Briefs, Bank of Finland Institute for Emerging Economies (BOFIT) (2014) Downloads
    ADBI Working Papers, Asian Development Bank Institute (2014) Downloads View citations (6)
    Macroeconomics Working Papers, East Asian Bureau of Economic Research (2014) Downloads View citations (6)
  3. The Structural Behavior of China-US Trade Flows
    CESifo Working Paper Series, CESifo Downloads
    Also in BOFIT Discussion Papers, Bank of Finland Institute for Emerging Economies (BOFIT) (2014) Downloads

2013

  1. China's Capital Controls - Through the Prism of Covered Interest Differentials
    CESifo Working Paper Series, CESifo Downloads View citations (1)
    Also in BOFIT Discussion Papers, Bank of Finland Institute for Emerging Economies (BOFIT) (2013) Downloads
    Working Papers, Hong Kong Institute for Monetary Research (2013) Downloads View citations (5)

    See also Journal Article China's Capital Controls: Through the Prism of Covered Interest Differentials, Pacific Economic Review, Wiley Blackwell (2014) Downloads View citations (21) (2014)
  2. Impact of Exchange Rate Movements on Exports: An Analysis of Indian Non-Financial Sector Firms
    CESifo Working Paper Series, CESifo Downloads View citations (77)
    Also in BOFIT Discussion Papers, Bank of Finland Institute for Emerging Economies (BOFIT) (2013) Downloads View citations (11)
    MPRA Paper, University Library of Munich, Germany (2012) Downloads View citations (7)

    See also Journal Article Impact of exchange rate movements on exports: An analysis of Indian non-financial sector firms, Journal of International Money and Finance, Elsevier (2013) Downloads View citations (82) (2013)

2012

  1. Are Chinese Trade Flows Different?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (78)
    Also in BOFIT Discussion Papers, Bank of Finland Institute for Emerging Economies (BOFIT) (2012) Downloads View citations (56)

    See also Journal Article Are Chinese trade flows different?, Journal of International Money and Finance, Elsevier (2012) Downloads View citations (77) (2012)
  2. Exchange Rate Misalignment - The Case of the Chinese Renminbi
    CESifo Working Paper Series, CESifo Downloads View citations (12)
  3. Investment and Growth in Rich and Poor Countries
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (11)
  4. The Penn Effect within a Country - Evidence from Japan
    CESifo Working Paper Series, CESifo Downloads
    See also Journal Article The Penn effect within a country: evidence from Japan, Oxford Economic Papers, Oxford University Press (2014) Downloads View citations (3) (2014)
  5. 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 Downloads View citations (24)
    Also in CESifo Working Paper Series, CESifo (2011) Downloads

2011

  1. China's Outward Direct Investment in Africa
    Working Papers, Hong Kong Institute for Monetary Research Downloads View citations (8)
    See also Journal Article China's Outward Direct Investment in Africa, Review of International Economics, Wiley Blackwell (2012) Downloads View citations (27) (2012)
  2. Exchange Rate Dynamics Under Alternative Optimal Interest Rate Rules
    Working Papers, Hong Kong Institute for Monetary Research Downloads View citations (3)
    Also in Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey (2011) Downloads View citations (2)
    CESifo Working Paper Series, CESifo (2011) Downloads View citations (4)
  3. 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 Downloads
  4. Exchange Rate Misalingment Estimates - Sources of Differences
    CESifo Working Paper Series, CESifo Downloads
    Also in BOFIT Discussion Papers, Bank of Finland Institute for Emerging Economies (BOFIT) (2011) Downloads

    See also Journal Article EXCHANGE RATE MISALIGNMENT ESTIMATES—SOURCES OF DIFFERENCES, International Journal of Finance & Economics, John Wiley & Sons, Ltd. (2014) Downloads View citations (9) (2014)
  5. Renminbi Going Global
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz Downloads View citations (30)
    Also in Working Papers, Hong Kong Institute for Monetary Research (2011) Downloads View citations (34)

    See also Journal Article Renminbi Going Global, China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences (2011) View citations (34) (2011)

2010

  1. Accumulation of Reserves and Keeping Up with the Joneses: The Case of LATAM Economies
    Working Papers, Hong Kong Institute for Monetary Research Downloads View citations (2)
    Also in MPRA Paper, University Library of Munich, Germany (2010) Downloads View citations (2)

    See also Journal Article Accumulation of reserves and keeping up with the Joneses: The case of LATAM economies, International Review of Economics & Finance, Elsevier (2011) Downloads View citations (17) (2011)
  2. Capital Flight: China's Experience
    CESifo Working Paper Series, CESifo Downloads View citations (16)
    Also in Working Papers, Hong Kong Institute for Monetary Research (2010) Downloads View citations (18)

    See also Journal Article Capital Flight: China's Experience, Review of Development Economics, Wiley Blackwell (2010) Downloads View citations (16) (2010)
  3. Measuring Renminbi Misalignment: Where Do We Stand?
    Working Papers, Hong Kong Institute for Monetary Research Downloads View citations (21)
  4. Renminbising China's Foreign Assets
    CESifo Working Paper Series, CESifo Downloads View citations (14)
    Also in Working Papers, Hong Kong Institute for Monetary Research (2010) Downloads View citations (4)

    See also Journal Article RENMINBISING CHINA'S FOREIGN ASSETS, Pacific Economic Review, Wiley Blackwell (2011) Downloads View citations (15) (2011)

2009

  1. A Cross-Country Empirical Analysis of International Reserves
    CESifo Working Paper Series, CESifo Downloads View citations (36)
    See also Journal Article A Cross-Country Empirical Analysis of International Reserves, International Economic Journal, Taylor & Francis Journals (2009) Downloads View citations (31) (2009)
  2. A Factor Analysis of Trade Integration: The Case of Asian and Oceanic Economies
    Working Papers, Hong Kong Institute for Monetary Research Downloads View citations (6)
    See also Journal Article A Factor Analysis of Trade Integration: the Case of Asian and Oceanic Economies, Economie Internationale, CEPII research center (2009) Downloads View citations (6) (2009)
  3. A High-Low Model of Daily Stock Price Ranges
    Working Papers, Hong Kong Institute for Monetary Research Downloads View citations (18)
    Also in CESifo Working Paper Series, CESifo (2008) Downloads

    See also Journal Article A high-low model of daily stock price ranges, Journal of Forecasting, John Wiley & Sons, Ltd. (2009) Downloads View citations (18) (2009)
  4. 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 Downloads View citations (2)
    Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2009) Downloads View citations (2)
  5. 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 Downloads View citations (2)
    See also Journal Article A Multiple-Horizon Search for the Role of Trade and Financial Factors in Bilateral Real Exchange Rate Volatility, Journal of Economics and Management, College of Business, Feng Chia University, Taiwan (2009) Downloads View citations (3) (2009)
  6. China's Current Account and Exchange Rate
    CESifo Working Paper Series, CESifo Downloads View citations (54)
    Also in Working Papers, Hong Kong Institute for Monetary Research (2009) Downloads View citations (26)
    NBER Working Papers, National Bureau of Economic Research, Inc (2009) Downloads View citations (38)

    See also Chapter China's Current Account and Exchange Rate, NBER Chapters, National Bureau of Economic Research, Inc (2010) Downloads View citations (19) (2010)
  7. Speculative Attacks: A Laboratory Study in Continuous Time
    Working Papers, Hong Kong Institute for Monetary Research Downloads View citations (12)
    Also in CESifo Working Paper Series, CESifo (2008) Downloads View citations (2)

    See also Journal Article Speculative attacks: A laboratory study in continuous time, Journal of International Money and Finance, Elsevier (2009) Downloads View citations (12) (2009)
  8. The Empirics of China's Outward Direct Investment
    Working Papers, Hong Kong Institute for Monetary Research Downloads View citations (53)
    Also in CESifo Working Paper Series, CESifo (2009) Downloads