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Details about Yin-Wong Cheung
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
- An In-Sample Evaluation of Exchange Rate Models: In Search of Scapegoats
CESifo Working Paper Series, CESifo 
Also in IEER Working Papers, Institute of Empirical Economic Research, Osnabrueck University (2025)
2022
- Commodity Price Effects on Currencies
CESifo Working Paper Series, CESifo View citations (1)
See also Journal Article Commodity price effects on currencies, Journal of International Money and Finance, Elsevier (2023) View citations (5) (2023)
2021
- International Reserve Management and Firm Investment in Emerging Market Economies
NBER Working Papers, National Bureau of Economic Research, Inc 
See also Journal Article International Reserve Management and Firm Investment in Emerging Market Economies, Open Economies Review, Springer (2025) View citations (2) (2025)
2020
- A Decade of RMB Internationalization
GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit 
Also in BOFIT Policy Briefs, Bank of Finland Institute for Emerging Economies (BOFIT) (2020) 
See also Journal Article A decade of RMB internationalisation, Economic and Political Studies, Taylor & Francis Journals (2023) View citations (2) (2023)
- The Evolution of Offshore Renminbi Trading: 2016 to 2019
CESifo Working Paper Series, CESifo 
Also in IEER Working Papers, Institute of Empirical Economic Research, Osnabrueck University (2020)  GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit (2020) 
See also Journal Article The evolution of offshore renminbi trading: 2016 to 2019, Journal of International Money and Finance, Elsevier (2021) View citations (7) (2021)
- 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 
See also Journal Article Uncovered interest rate parity redux: Non-uniform effects, Journal of Empirical Finance, Elsevier (2022) View citations (5) (2022)
2019
- A Jackknife Model Averaging Analysis of RMB Misalignment Estimates
IEER Working Papers, Institute of Empirical Economic Research, Osnabrueck University View citations (1)
Also in CESifo Working Paper Series, CESifo (2019) 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) (2020)
- 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 
Also in CESifo Working Paper Series, CESifo (2019) View citations (5) IEER Working Papers, Institute of Empirical Economic Research, Osnabrueck University (2019) View citations (2)
See also Journal Article A Tale of Two Surplus Countries: China and Germany, Open Economies Review, Springer (2020) View citations (6) (2020)
- Capital Flight to Germany: Two Alternative Measures
IEER Working Papers, Institute of Empirical Economic Research, Osnabrueck University View citations (1)
See also Journal Article Capital flight to Germany: Two alternative measures, Journal of International Money and Finance, Elsevier (2020) View citations (21) (2020)
- 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
- The Currency Composition of International Reserves, Demand for International Reserves, and Global Safe Assets
NBER Working Papers, National Bureau of Economic Research, Inc 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) View citations (27) (2020)
- 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 
See also Journal Article Hoarding of international reserves: It's a neighbourly day in Asia, Pacific Economic Review, Wiley Blackwell (2019) (2019)
- 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 
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2016) 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) View citations (15) (2019)
- Truths and myths about RMB misalignment: A meta-analysis
BOFIT Discussion Papers, Bank of Finland Institute for Emerging Economies (BOFIT) View citations (1)
See also Journal Article Truths and Myths About RMB Misalignment: A Meta-analysis, Comparative Economic Studies, Palgrave Macmillan (2019) View citations (6) (2019)
2018
- 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 
See also Journal Article The RMB central parity formation mechanism: August 2015 to December 2016, Journal of International Money and Finance, Elsevier (2018) View citations (21) (2018)
2017
- Effects of Capital Flow on the Equity and Housing Markets in Hong Kong
Working Papers, Hong Kong Institute for Monetary Research View citations (13)
Also in GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit (2017) 
See also Journal Article Effects of capital flow on the equity and housing markets in Hong Kong, Pacific Economic Review, Wiley Blackwell (2017) View citations (14) (2017)
- Exchange Rate Prediction Redux: New Models, New Data, New Currencies
NBER Working Papers, National Bureau of Economic Research, Inc View citations (31)
Also in Working Paper Series, European Central Bank (2017) 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) View citations (77) (2019)
- The Exchange Rate Effects of Macro News after the Global Financial Crisis
Globalization Institute Working Papers, Federal Reserve Bank of Dallas View citations (1)
Also in GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit (2017) 
See also Journal Article The exchange rate effects of macro news after the global Financial Crisis, Journal of International Money and Finance, Elsevier (2019) View citations (13) (2019)
- The RMB Central Parity Formation Mechanism after August 2015: A Statistical Analysis
Working Papers, Hong Kong Institute for Monetary Research View citations (3)
- The Renminbi central parity: An empirical investigation
BOFIT Discussion Papers, Bank of Finland Institute for Emerging Economies (BOFIT) 
Also in Working Papers, Hong Kong Institute for Monetary Research (2016) View citations (10) CESifo Working Paper Series, CESifo (2016) View citations (14)
2016
- China's Bilateral Currency Swap Lines
CESifo Working Paper Series, CESifo View citations (9)
Also in GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit 
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) View citations (7) (2016)
- China's capital flight: Pre- and post-crisis experiences
Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz View citations (7)
Also in GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit  IEER Working Papers, Institute of Empirical Economic Research, Osnabrueck University (2015) View citations (4) CESifo Working Paper Series, CESifo (2015) View citations (4)
See also Journal Article China's capital flight: Pre- and post-crisis experiences, Journal of International Money and Finance, Elsevier (2016) View citations (20) (2016)
- Estimating Currency Misalignment Using the Penn Effect: It’s Not as Simple As It Looks
NBER Working Papers, National Bureau of Economic Research, Inc 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) View citations (15) (2017)
2015
- International Reserves Before and After the Global Crisis: Is There No End to Hoarding?
CESifo Working Paper Series, CESifo View citations (72)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) 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) View citations (72) (2015)
2014
- The Offshore Renminbi Exchange Rate: Microstructure and Links to the Onshore Market
CESifo Working Paper Series, CESifo View citations (53)
Also in BOFIT Discussion Papers, Bank of Finland Institute for Emerging Economies (BOFIT) (2014) View citations (16) Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2014) 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) View citations (50) (2014)
- The Role of Offshore Financial Centers in the Process of Renminbi Internationalization
Finance Working Papers, East Asian Bureau of Economic Research View citations (6)
Also in BOFIT Policy Briefs, Bank of Finland Institute for Emerging Economies (BOFIT) (2014)  ADBI Working Papers, Asian Development Bank Institute (2014) View citations (6) Macroeconomics Working Papers, East Asian Bureau of Economic Research (2014) View citations (6)
- The Structural Behavior of China-US Trade Flows
CESifo Working Paper Series, CESifo 
Also in BOFIT Discussion Papers, Bank of Finland Institute for Emerging Economies (BOFIT) (2014)
2013
- China's Capital Controls - Through the Prism of Covered Interest Differentials
CESifo Working Paper Series, CESifo View citations (1)
Also in BOFIT Discussion Papers, Bank of Finland Institute for Emerging Economies (BOFIT) (2013)  Working Papers, Hong Kong Institute for Monetary Research (2013) View citations (5)
See also Journal Article China's Capital Controls: Through the Prism of Covered Interest Differentials, Pacific Economic Review, Wiley Blackwell (2014) View citations (21) (2014)
- Impact of Exchange Rate Movements on Exports: An Analysis of Indian Non-Financial Sector Firms
CESifo Working Paper Series, CESifo View citations (77)
Also in BOFIT Discussion Papers, Bank of Finland Institute for Emerging Economies (BOFIT) (2013) View citations (11) MPRA Paper, University Library of Munich, Germany (2012) 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) View citations (82) (2013)
2012
- Are Chinese Trade Flows Different?
NBER Working Papers, National Bureau of Economic Research, Inc View citations (78)
Also in BOFIT Discussion Papers, Bank of Finland Institute for Emerging Economies (BOFIT) (2012) View citations (56)
See also Journal Article Are Chinese trade flows different?, Journal of International Money and Finance, Elsevier (2012) View citations (77) (2012)
- Exchange Rate Misalignment - The Case of the Chinese Renminbi
CESifo Working Paper Series, CESifo View citations (12)
- Investment and Growth in Rich and Poor Countries
NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
- The Penn Effect within a Country - Evidence from Japan
CESifo Working Paper Series, CESifo 
See also Journal Article The Penn effect within a country: evidence from Japan, Oxford Economic Papers, Oxford University Press (2014) View citations (3) (2014)
- 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 View citations (24)
Also in CESifo Working Paper Series, CESifo (2011)
2011
- China's Outward Direct Investment in Africa
Working Papers, Hong Kong Institute for Monetary Research View citations (8)
See also Journal Article China's Outward Direct Investment in Africa, Review of International Economics, Wiley Blackwell (2012) View citations (27) (2012)
- Exchange Rate Dynamics Under Alternative Optimal Interest Rate Rules
Working Papers, Hong Kong Institute for Monetary Research View citations (3)
Also in Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey (2011) View citations (2) CESifo Working Paper Series, CESifo (2011) View citations (4)
- 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
- Exchange Rate Misalingment Estimates - Sources of Differences
CESifo Working Paper Series, CESifo 
Also in BOFIT Discussion Papers, Bank of Finland Institute for Emerging Economies (BOFIT) (2011) 
See also Journal Article EXCHANGE RATE MISALIGNMENT ESTIMATES—SOURCES OF DIFFERENCES, International Journal of Finance & Economics, John Wiley & Sons, Ltd. (2014) View citations (9) (2014)
- Renminbi Going Global
Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz View citations (30)
Also in Working Papers, Hong Kong Institute for Monetary Research (2011) 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
- Accumulation of Reserves and Keeping Up with the Joneses: The Case of LATAM Economies
Working Papers, Hong Kong Institute for Monetary Research View citations (2)
Also in MPRA Paper, University Library of Munich, Germany (2010) 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) View citations (17) (2011)
- Capital Flight: China's Experience
CESifo Working Paper Series, CESifo View citations (16)
Also in Working Papers, Hong Kong Institute for Monetary Research (2010) View citations (18)
See also Journal Article Capital Flight: China's Experience, Review of Development Economics, Wiley Blackwell (2010) View citations (16) (2010)
- Measuring Renminbi Misalignment: Where Do We Stand?
Working Papers, Hong Kong Institute for Monetary Research View citations (21)
- Renminbising China's Foreign Assets
CESifo Working Paper Series, CESifo View citations (14)
Also in Working Papers, Hong Kong Institute for Monetary Research (2010) View citations (4)
See also Journal Article RENMINBISING CHINA'S FOREIGN ASSETS, Pacific Economic Review, Wiley Blackwell (2011) View citations (15) (2011)
2009
- A Cross-Country Empirical Analysis of International Reserves
CESifo Working Paper Series, CESifo View citations (36)
See also Journal Article A Cross-Country Empirical Analysis of International Reserves, International Economic Journal, Taylor & Francis Journals (2009) View citations (31) (2009)
- A Factor Analysis of Trade Integration: The Case of Asian and Oceanic Economies
Working Papers, Hong Kong Institute for Monetary Research 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) View citations (6) (2009)
- A High-Low Model of Daily Stock Price Ranges
Working Papers, Hong Kong Institute for Monetary Research View citations (18)
Also in CESifo Working Paper Series, CESifo (2008) 
See also Journal Article A high-low model of daily stock price ranges, Journal of Forecasting, John Wiley & Sons, Ltd. (2009) View citations (18) (2009)
- 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 View citations (2)
Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2009) View citations (2)
- 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 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) View citations (3) (2009)
- China's Current Account and Exchange Rate
CESifo Working Paper Series, CESifo View citations (54)
Also in Working Papers, Hong Kong Institute for Monetary Research (2009) View citations (26) NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (38)
See also Chapter China's Current Account and Exchange Rate, NBER Chapters, National Bureau of Economic Research, Inc (2010) View citations (19) (2010)
- Speculative Attacks: A Laboratory Study in Continuous Time
Working Papers, Hong Kong Institute for Monetary Research View citations (12)
Also in CESifo Working Paper Series, CESifo (2008) View citations (2)
See also Journal Article Speculative attacks: A laboratory study in continuous time, Journal of International Money and Finance, Elsevier (2009) View citations (12) (2009)
- The Empirics of China's Outward Direct Investment
Working Papers, Hong Kong Institute for Monetary Research View citations (53)
Also in CESifo Working Paper Series, CESifo (2009) | |