Shanghai-Hong Kong stock connect: an analysis of Chinese partial stock market liberalization impact on the local and foreign markets (2017)
Journal Article
Bai, Y., & Yan Pang Chow, D. (in press). Shanghai-Hong Kong stock connect: an analysis of Chinese partial stock market liberalization impact on the local and foreign markets. Journal of International Financial Markets, Institutions and Money, 50, doi:10.1016/j.intfin.2017.09.006. ISSN 1042-4431

Shanghai-Hong Kong Stock Connect is a partial liberalization providing domestic and foreign investors mutual access to stock markets. This study analyzes post-liberalization short- and medium-term impacts on both local and foreign markets. Our result... Read More

Overnight interbank markets and the determination of the interbank rate: a selective survey (2016)
Journal Article
Green, C. J., Bai, Y., Murinde, V., Ngoka, K., Maana, I., & Tiriongo, S. (2016). Overnight interbank markets and the determination of the interbank rate: a selective survey. International Review of Financial Analysis, 44, doi:10.1016/j.irfa.2016.01.014. ISSN 1057-5219

Overnight interbank markets provide critical facilities for the banking system to manage, pool and redistribute its cash reserves. We provide a selective survey of the literature on overnight interbank markets. We outline the typical structure of ove... Read More