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Book Cover
Author Schellekens, Philip, author

Title Deflation in Hong Kong SAR / Philip Schellekens
Published [Washington, D.C.] : International Monetary Fund, [2003]
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Description 1 online resource (25 pages) : illustrations
Series IMF working paper ; WP/03/77
IMF working paper ; WP/03/77
Summary This paper examines the causes of deflation in Hong Kong SAR, exploring whether it reflects a prolonged process of adjustment to cyclical shocks or whether it results from price equalization pressures arising from structural integration with mainland China. To gauge the relative importance of these factors, the paper provides both an econometric and a qualitative analysis of the price dynamics between Hong Kong SAR and Shenzhen, a neighboring city in mainland China. It finds that the role of price equalization as a source of deflation is minor. Deflation in Hong Kong SAR is best explained by successive cyclical shocks which have been amplified by balance-sheet and wealth effects
Bibliography Includes bibliographical references (pages 23-25)
Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. MiAaHDL
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Business cycles -- China -- Hong Kong -- Econometric models.
Deflation (Finance) -- China -- Hong Kong -- Econometric models.
Prices -- China -- Hong Kong -- Econometric models.
Form Electronic book
Author International Monetary Fund. Monetary and Exchange Affairs Department.
ISBN 1281602590