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Hong Kong'S Inflation And Deflation Under The Us Dollar Peg: The Balassa-Samuelson Effect Or Export Price Shocks?


  • Hiroyuki IMAI


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  • Hiroyuki IMAI, 2010. "Hong Kong'S Inflation And Deflation Under The Us Dollar Peg: The Balassa-Samuelson Effect Or Export Price Shocks?," The Developing Economies, Institute of Developing Economies, vol. 48(3), pages 319-344.
  • Handle: RePEc:bla:deveco:v:48:y:2010:i:3:p:319-344

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    References listed on IDEAS

    1. Michael B. Devereux, 2003. "A Tale of Two Currencies: the Asian Crisis and the Exchange Rate Regimes of Hong Kong and Singapore," Review of International Economics, Wiley Blackwell, vol. 11(1), pages 38-54, February.
    2. Mehrotra, Aaron N., 2007. "Exchange and interest rate channels during a deflationary era--Evidence from Japan, Hong Kong and China," Journal of Comparative Economics, Elsevier, vol. 35(1), pages 188-210, March.
    3. Bela Balassa, 1964. "The Purchasing-Power Parity Doctrine: A Reappraisal," Journal of Political Economy, University of Chicago Press, vol. 72, pages 584-584.
    4. Alan M. Taylor, 2002. "A Century Of Purchasing-Power Parity," The Review of Economics and Statistics, MIT Press, vol. 84(1), pages 139-150, February.
    5. Asea, Patrick K & Corden, W Max, 1994. "The Balassa-Samuelson Model: An Overview," Review of International Economics, Wiley Blackwell, vol. 2(3), pages 191-200, October.
    6. Alastair Thomas & Alan King, 2008. "The Balassa-Samuelson Hypothesis in the Asia-Pacific Region Revisited," Review of International Economics, Wiley Blackwell, vol. 16(1), pages 127-141, February.
    7. Wong, Yue-Chim Richard, 2002. "The Asian financial crisis, economic recession, and structural change in Hong Kong," Journal of Asian Economics, Elsevier, vol. 13(5), pages 623-634.
    8. Dubravko Mihaljek & John R Dodsworth, 1997. "Hong Kong, China; Growth, Structural Change, and Economic Stability During the Transition," IMF Occasional Papers 152, International Monetary Fund.
    9. Corden, W Max & Neary, J Peter, 1982. "Booming Sector and De-Industrialisation in a Small Open Economy," Economic Journal, Royal Economic Society, vol. 92(368), pages 825-848, December.
    10. Broda, Christian, 2004. "Terms of trade and exchange rate regimes in developing countries," Journal of International Economics, Elsevier, vol. 63(1), pages 31-58, May.
    11. Patrick K. Asea, 1994. "The Balassa-Samuelson Model: An Overview," UCLA Economics Working Papers 710, UCLA Department of Economics.
    12. Philip Schellekens, 2005. "Deflation In Hong Kong Sar," Pacific Economic Review, Wiley Blackwell, vol. 10(2), pages 243-260, June.
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