| Index | Research Projects | Monographs |
| Speaker program / Conference | Index of Economic Freedom |


HKCER Letters

HKCER publishes the widely disseminated HKCER Letters. This publication contains timely commentaries on public policy issues and transcripts of lecturers given by visitors at our lunch seminars. Materials published in the Letters are regularly carried by major Chinese and English newspapers in Hong Kong.

For the HKCER Letters Reprints by issue, please click below:

| 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 |

| 1997 | 1998 | 1999 | 2000 | 2001 | 2002 |

| 2003 | 2004 | 2005 | 2006 | 2008 | 2009 |

.For the HKCER Letters Reprints by topic, please click below:

 


HKCER Letters Reprints
by Issue

 

HKCER Letters
Volume 1
Mar 1990
  1. The Relationship between Economic Growth and the Structure of the Political System, by Gary S. Becker
  2. The Preconditions for Economic Recovery in Eastern Europe, by John G. Greenwood
  3. A New Private Airport, by Y.C. Richard Wong

 

HKCER Letters
Volume 2
May 1990
  1. Market Solutions to the Environment, by Y.C. Richard Wong
  2. International Privatisation, by Thibaut de Saint Phalle
  3. Provision of Language Education: A Market Approach, by Pak-Wai Liu

 

HKCER Letters
Volume 3
Jul 1990
  1. Immigrants or Imported Labourers?, by Y.C. Richard Wong
  2. The Housing Problem - A New Perspective,
    by Y.C. Richard Wong
  3. Sell Public Housing Cheaply?
  4. Japanese Industrial Groups and U.S.-Japan Trade,
    by Kwok-Chiu Fung
  5. The European Monetary System, The European Monetary Unit and the United Kingdom, by Michael J. Artis

 

HKCER Letters
Volume 4
Sept 1990
  1. Structural Inflation, by Y.C. Richard Wong
  2. Alternative Approaches to Banking in Hong Kong, by Randall Kroszner
  3. Regulations to be Blamed for Financial Crises, by George Selgin
  4. Skilled Immigrants from China, by Alan K.F. Siu
  5. Money and Legal Restrictions, by Yim-Fai Luk

 

HKCER Letters
Volume 5
Nov 1990
  1. The New Airport and Aviation in Hong Kong - A New Perspective, by Kai-Sun Kwong
  2. Is Hong Kong Ready for Free Market Health Care?
    by Joel W. Hay
  3. On the Privatisation of Public Housing, by Alan K.F. Siu

 

|Go to Top of Page|
HKCER Letters
Volume 6
Jan 1991
  1. International Telecommunications in Hong Kong: The Case for Liberalisation
  2. The New Airport and Aviation in Hong Kong - A New Perspective: Comment by R.T. Stirland and Reply, by Kai-Sun Kwong

 

HKCER Letters
Volume 7
Mar 1991
  1. Hong Kong's Stake in China's MFN Status, by Yun-Wing Sung
  2. The New Budgetary Challenge, by Y.C. Richard Wong
  3. Making Ends Meet - The Other Side of International Telecommunications, by John Ure

 

HKCER Letters
Volume 8
May 1991
  1. Social Insurance and Economic Growth, by Issac Ehrlich
  2. Advantages of the Current Linked Rate System for the Hong Kong Dollar: A Restatement, by John G. Greenwood
  3. International Telecommunications in Hong Kong: A Reply to John Ure, by Milton Mueller

 

HKCER Letters
Volume 9
Jul 1991
  1. Understanding Speculation in Housing Forwards,
    by Y.C. Richard Wong
  2. Economic Integration in East Asia: Doing What Comnes Naturally, by James Riedel
  3. Policy versus Chance in Economic Development,
    by Arnold C. Harberger

 

HKCER Letters
Volume 10
Sept 1991
  1. Markets, Democracy, and the Legco Elections,
    by Y.C. Richard Wong
  2. The U.S. Savings and Loan Debacle, by David I. Fand
  3. The World History of Free Banking, by Kurt Schuler
  4. Deposit Insurance in Hong Kong, by Yim-Fai Luk

 

HKCER Letters
Volume 11
Nov 1991
  1. Can the Government Substitute the Family? - The Social Loss of Mandatory Retirement Insurance for the Elderly,
    by Francis T.M. Lui
  2. The Challenge of Monetary Reform in Eastern Block Countries,
    by Peter Bernholz
  3. Index Futures for Property Prices, by Ho Lok Sang

 

|Go to Top of Page|
HKCER Letters
Volume 12
Jan 1992
  1. Health Care: A Market Approach, by Joel W. Hay
  2. Regulating Monopolies in Utilities and Telecommunications by Price Cap, by Pak-Wai Liu
  3. The Failure of Foreign Aid: With Special Reference to the Soviet Union, by Shyam Kamath

 

HKCER Letters
Volume 13
Mar 1992
  1. The Budgetary Dilemma, by Y.C. Richard Wong
  2. Economic Reform: The Guangdong Experience, by Lau Pui-king
  3. A Deposit Protection Scheme for Hong Kong?, by Yim-Fai Luk
  4. Some Observations on the Deposit Scheme Consultation Paper,
    by Ho Lok Sang

 

HKCER Letters
Volume 14
May 1992
  1. What does Hong Kong Need a Central Bank for?, by Yim-Fai Luk
  2. Creating a Telecommunications Free Trade Zone in Greater China, by Milton Mueller
  3. The Budget, Inflation, and Housing, by Y.C. Richard Wong

 

HKCER Letters
Volume 15
Jul 1992
  1. The Folly of Industrial Policy: Hong Kong and Singapore Compared, by Y.C. Richard Wong
  2. Building West Berlin in American Education, by Y.C. Richard Wong

 

HKCER Letters
Volume 16
Sept 1992
  1. Competition in Container Terminals, by Y.C. Richard Wong
  2. Privatise Public Housing, by Y.C. Richard Wong
  3. Planning and Development in Hong Kong, by Samuel Staley

 

HKCER Letters
Volume 17
Nov 1992
  1. On Retirement Protection in Hong Kong, by Francis T.M. Lui
  2. Development Strategy, Business Cycles and Financial Reform in China, by Justin Y. Lin
  3. The Hong Kong Economy in 2001, by Y.C. Richard Wong

 

|Go to Top of Page|
HKCER Letters
Volume 18
Jan 1993
  1. Property and Housing Markets in Hong Kong: Issues and Analyses, by Y.C. Richard Wong

 

HKCER Letters
Volume 19
Mar 1993
  1. Economic Relations between Taiwan and the United States,
    by James Riedel
  2. Retraining the Unemployed in Hong Kong, by William Chan

 

HKCER Letters
Volume 20
May 1993
  1. Speech in the Legislative Council, by Christine Loh
  2. A Consensus for Hong Kong's Competition Policy?,
    by Leonard K. Cheng
  3. Understanding Competition in Hong Kong, by Y.C. Richard Wong

 

HKCER Letters
Volume 21
Jul 1993
  1. Can Hong Kong Be an Express Cargo Hub?,
    by Joseph P. Schwieterman

 

HKCER Letters
Volume 22
Sept 1993
  1. Hong Kong as a Telecom Entrepot?, by Milton Mueller
  2. Comments on Towards Better Health: A Consultation Document, by Joel W. Hay
  3. Lessons of the Singapore Central Provident Fund,
    by Y.C. Richard Wong

 

HKCER Letters
Volume 23
Nov 1993
  1. The New Economic Order, by Milton Friedman
  2. Questions and Answers with Milton Friedman

 

|Go to Top of Page|
HKCER Letters
Volume 24
Jan 1994
  1. The Role of the Government in Human Capital Investment,
    by William Chan
  2. Vehicular Emissions in Hong Kong - Facts and Policy Analysis,
    by F.W. Rusco and W.D. Walls

 

HKCER Letters
Volume 25
Mar-Jul 1994
  1. Forum on China: The Awakening Giant
  2. Letter to Editor, by Mr. Alex K.Y. Ng
  3. A Rejoinder to Vehicular Emissions in Hong Kong,
    by F.W. Rusco and W.D. Walls

 

HKCER Letters
Volume 26
Mar-Jul 1994
  1. How Not to Take the Worry Out of Growing Old,
    by Y.C. Richard Wong
  2. The Arithmetic of Old Age Pension, by Wing Suen

 

HKCER Letters
Volume 27
Mar-Jul 1994
  1. On Financial Viability of Old Age Pension Scheme,
    by Francis T. Lui
  2. Trade Policy and Asia under the Clinton Administration: An Insider's View,
    by Kwok-Chiu Fung

 

HKCER Letters
Volume 28
Sept 1994

 

  1. Averting the Income Crisis for the Old

 

HKCER Letters
Volume 29
Nov 1994
  1. Regulating Derivatives: The Current System and Proposed Changes, by Christopher L. Culp and Robert J. Mackay

 

|Go to Top of Page|
HKCER Letters
Volume 30
Jan 1995
  1. Understanding Rapid Economic Growth: A New Tale of the Four Asian Dragons, by Y.C. Richard Wong
  2. Is the Current Hong Kong Dollar Over-valued or Under-valued ? by Paul Yip

 

HKCER Letters
Volume 31
Mar 1995
  1. A Consumer's Report on an Immodest Proposal, by Kelly Busche
  2. Antidumping and GATT Restrictions, by Joseph M. Finger
  3. Competition Law, by Shyam Khemani

 

HKCER Letters
Volume 32
May 1995

 

  1. Recent labour Market Conditions in Hong Kong, by Wing Suen
HKCER Letters
Volume 33
Jul 1995
  1. On Unemployment Statistics in Hong Kong, by Wing Suen
  2. Response by the Census & Statistics Department (on item 1)
  3. Competition in Hong Kong's Water Heating and Cooking Fuel Industry, by W. David Walls

 

HKCER Letters
Volume 34
Sept 1995
  1. Gas Regulation and Competition in Hong Kong, by Lam Pun Lee
  2. A Reply to Competition in HK's Water Heating and Cooking Fuel Industry, by W. David Walls
  3. Science, Not Science Fiction, Should Govern Hong Kong Policy, by Michael Fumento

 

HKCER Letters
Volume 35
Nov 1995
  1. The Transition to Market Economy in Vietnam, by James Riedel
  2. The Impact of Environmental Regulation on Employment,
    by S. Fred Singer

 

|Go to Top of Page|
HKCER Letters
Volume 36
Jan 1996

 

  1. Hong Kong Economic Policy Studies Project
    Economic Policies for Hong Kong: Beyond the Transition

 

HKCER Letters
Volume 37
Mar 1996
  1. The International Role of the Hong Kong Financial Markets,
    by Anthony Neoh
  2. A New Approach to Competition, Monopolies, and Cartels,
    by Pascal Salin

 

HKCER Letters
Volume 38
May 1996
  1. The New World of Housing Finance, by Bertrand Renaud
  2. China's Transition Economy and Macroeconomic Stability,
    by Fan Gang

 

HKCER Letters
Volume 39
Jul 1996

 

  1. The China Miracle
HKCER Letters
Volume 40
Sept 1996
  1. The Growth of Manufacturing and Services in Hong Kong,
    by Y.C. Richard Wong
  2. Economic Integration of Hong Kong and Southern China,
    by William Fung

 

HKCER Letters
Volume 41
Nov 1996
  1. Pacific Economic Dynamism: US and Asian Perspectives,
    by Stephen Parker
  2. Central Provident Fund in Singapore, by Linda Low

 

|Go to Top of Page|
HKCER Letters
Volume 42
Jan 1997
  1. How Severe is the Housing Shortage in Hong Kong?
    by Y.C. Richard Wong
  2. Poverty and Income Disparity in Hong Kong, by Hon-Kwong Lui

 

HKCER Letters
Volume 43
Mar 1997
  1. Personnel Guidelines with a Bite, by Wing Suen
  2. Rendering Unnecessary the Legal "Contrivance to Raise Prices",
    by Kelly Busche
  3. At Your Service, by Alan K.F. Siu

 

HKCER Letters
Volume 44
May 1997
  1. Four Principles for the First SAR Direction Election,
    by Stephen Ching
  2. Why Regulate Bus Services? by Louis M. Chan

 

HKCER Letters
Volume 45
Jul 1997
  1. China in the New World Trading Environment After the Uruguay Round, by Haiying Zhao
  2. What can we learn from Morocco? by Wing Suen

 

HKCER Letters
Volume 46
Sept 1997
  1. A Two-Track Immigration Policy, by Wing Suen
  2. Rethinking Economic Order, by Junko Nakai
  3. Some Issues in Developing Hong Kong's Financial Markets,
    by Y.C. Jao

 

HKCER Letters
Volume 47
Nov 1997
  1. Should the Hong Kong Dollar Be Delinked? by Li Hao
  2. Hong Kong's Integration with Its Hinterland: A Mixture of Curses and Blessings, by Yun-Wing Sung

 

|Go to Top of Page|
HKCER Letters
Volume 48
Jan 1998
  1. Small and Medium-Sized Private Companies and the Industrialization of Viet Nam, by James Riedel
  2. The Composition of U.S.-East Asia Trade and the East Asian Miracle, by Terrie Carolan, Nirvikar Singh and Cyrus Talati
  3. Hong Kong: Still the Freest Economy

 

HKCER Letters
Volume 49
Mar 1998
  1. The Asian Economic Outlook: An Assessment in World Models,
    by Lawrence R. Klein
  2. Trends in Asia-Pacific Real Exchange Rates,
    by Menzie David Chinn
  3. Is Hong Kong Ready to Delink the Currency? by George Yu

 

HKCER Letters
Volume 50
May 1998
  1. The Hong Kong Foreign Exchange Market, by Yin-Wong Cheung
  2. Families in the 21st Century: The Economic Perspective,
    by Yiu-Kwan Fan

 

HKCER Letters
Volume 51
Jul 1998

 

  1. Is Hong Kong Finished? by Li Hao and Wing Suen
  2. China's Export Growth: Its past and Future, by Sonia Wong

 

HKCER Letters
Volume 52
Sept 1998

 

  1. A Contingency Plan for Dollarizing Hong Kong, by Kurt Schuler
HKCER Letters
Volume 53
Nov 1998

 

  1. Lessons of the Asian Financial Crisis, by Y.C. Richard Wong
  2. For-Profit School Firm Offers Teachers Stock, by Y.C. Richard Wong
|Go to Top of Page|
HKCER Letters
Volume 54
Jan 1999

 

  1. Hong Kong's Competitiveness, or Do We Still Have the Hong Kong Advantage? by Michael Enright
  2. Blessing or Curse: Characteristics of the Japanese Economy,
    by Junko Nakai
HKCER Letters
Volume 55
Mar-May 1999

 

  1. Immigration - a Flood or Flow?, by Y.C. Richard Wong
  2. The Tyranny of Numbers, by Wing Suen
HKCER Letters
Volume 56
May-Jul 1999

 

  1. Hong Kong Healthcare and Finance Reform,
    by Y.C. Richard Wong
|Go to Top of Page|
HKCER Letters
Volume 57
Jan/Feb 2000

 

  1. Economic Freedom and Growth, by Michael Walker

 

HKCER Letters
Volume 58
Mar/Apr 2000

 

  1. Comprehensive Social Security Assistance
HKCER Letters
Volume 59
May/Jun 2000

 

  1. Does Hong Kong Need Deposit Insurance?, by Kam-hon Chu
  2. High Frequency Macro Forecasts: 2000 Third Quarter
HKCER Letters
Volume 60
Jul/Aug 2000

 

  1. Property Rights in Marine Resources: Some New Developments, by Hannes H. Gissurarson

 

HKCER Letters
Volume 61
Sept/Oct 2000

 

  1. Personnel Economics and Economic Approaches to Incentives,
    by Edward P. Lazea
    r

 

HKCER Letters
Volume 62
Nov/Dec 2000

 

  1. China: Facing up to WTO Membership
    by Wing Thye Woo
  2. Savings Bonds as Deposit Insurance
    by Kam Hon Chu
|Go to Top of Page|
HKCER Letters
Volume 63
Jan/Feb 2001

 

  1. Examining the Hong Kong Government Budget and Fiscal Reserves from a Macroeconomic Perspective
    by Paul Lau

 

HKCER Letters
Volume 64
Mar/Apr 2001

 

  1. Hong Kong's Fiscal Issues
    by Y.C. Richard Wong

 

HKCER Letters
Volume 65
May/Jun 2001

 

  1. Goods and Services Tax in Singapore
    by Linda Low
  2. Working Papers

 

HKCER Letters
Volume 66
Jul/Aug 2001

 

  1. A Historical Perspective on the New Economy
    by J. Bradford DeLong
  2. MPF: An Unfinished Business
    by Alan Siu

 

HKCER Letters
Volume 67-68
Sep/Oct and Nov/Dec 2001

 

  1. China-United States Bilateral Trade Balances 1990-2000
    by K.C. Fung and Lawrence J. Lau
|Go to Top of Page|
HKCER Letters
Volume 69
Jan/Feb 2002

 

  1. The Link, Re-link and No Link
    by Y.F. Luk
  2. A Discussion Note on Hong Kong's Linked Exchange Rate System and a Proposed Reform of Hong Kong's Wage System
    by Paul S.L. Yip
  3. Working Papers
HKCER Letters
Volume 70
Mar-Jun 2002

 

  1. China in the 21st Century - A Hong Kong Perspective of Future Opportunities and Challenges
    by Peter Woo
HKCER Letters
Volume 71
Jul/Aug 2002

 

  1. Public Housing Reform and Its Effects on the Private Housing Market
    by Y.C. Richard Wong
HKCER Letters
Volume 72
Sept-Dec 2002

 

  1. Shanghai: Another Hong Kong?
    by Y.C. Richard Wong
|Go to Top of Page|
HKCER Letters
Volume 73
Jan-Apr 2003

 

  1. Deflation: is it really a problem; if so, what should be done?
    by Tony Latter
HKCER Letters
Volume 74
May-Aug 2003
  1. Cleanliness and Punishment
    by Wing Suen
  2. The Incredible 2003-04 Budget
    by Stephen Ching
  3. Freedom of Information and the Economic Future of Hong Kong
    by Zhiwu Chen
HKCER Letters
Volume 75
Sept-Oct 2003

 

  1. From Relink to Parallel Currencies to Monetary Union
    by Kam Hon Chu
HKCER Letters
Volume 76
Nov-Dec  2003

 

  1. The Economic Impact of China's Emergence as a Major Trading Nation
    by Wing Thye Woo
|Go to Top of Page|
HKCER Letters
Volume 77
Jan-Feb 2004

 

  1. Trade and Investment: China, The United States, and the Asia-Pacific Economies
    by K.C. Fung
HKCER Letters
Volume 78
Mar-Apr 2004

 

  1. Trading Tyranny for Freedom How Open Markets Till the Soil for Democracy
    by Daniel T. Griswold
HKCER Letters
Volume 79
May-Jun 2004

 

  1. Reflections on the New Taiwan Dollar Appreciation in the Mid 1980s
    by Chu Kam Hon
  2. GST and Government Bond
    by Stephen Ching
HKCER Letters
Volume 80
Jul-Oct 2004

 

  1. A Constitutional Basis for Using a Timetable to Implement Dual Universal Suffrage
    by Stephen Ching
  2. United States Direct Investment in China
    by K.C. Fung
|Go to Top of Page|
HKCER Letters
Volume 81
Jan-Feb 2005

 

  1. The Giant Sucking Sound: Is China Diverting Foreign Direct Investment from East Asia and Latin America?
    by K.C. Fung, Hitomi Iizaka and Alan Siu
HKCER Letters
Volume 82
Mar-Apr 2005

 

  1. Information and the pricing of risk
    by Tony Latter
HKCER Letters
Volume 83
May-Jun 2005

 

  1. Bottlenecks in Logistics—Cross-Boundary Road-Freight Industry
    by Y.C. Richard Wong, Alan Siu and Ginnie Choi
HKCER Letters
Volume 84
Jul-Dec 2005

 

  1. The Political Economy of Interest Rate Deregulation and Interest Rate Targeting
    by Kam Hon Chu
|Go to Top of Page|
HKCER Letters
Volume 85
Jan-Mar 2006

 

  1. Unlocking the Winner's Curse in the Application List System
    by Stephen Ching
|Go to Top of Page|
HKCER Letters
Volume 86,
2008

 

  1. Synopsis of "Towards the Ultimate Agarian Reform in China"
    by Henry Woo
|Go to Top of Page|
HKCER Letters
Volume 87,
2009

 

  1. Extended "Blackout" Periods: To stay or to go?
    by Maurice K.S. Tse
|Go to Top of Page|


HKCER Letters Reprints
by Topic

 


Economic Development and Reform

1.

The Preconditions for Economic Recovery in Eastern Europe
by John G. Greenwood

No.1

March

1990

2.

Policy versus Chance in Economic Development
by Arnold C. Harberger

No.9

July

1991

3.

The Challenge of Monetary Reform in Eastern Block Countries
by Peter Bernholz

No.11

November

1991

4.

The Failure of Foreign Aid: With Special Reference to the Soviet Union
by Shyam Kamath

No.12

January

1992

5.

Economic Reform: The Guangdong Experience
by Lau Pui King

No.13

March

1992

6.

Development Strategy, Business Cycles and Financial Reform in China
by Justin Y. Lin

No.17

November

1992

7.

The Hong Kong Economy in 2001
by
Y.C. Richard Wong

No.17

November

1992

8.

Questions and Answers with Milton Friedman

No.23

November

1993

9.

The New Economic Order
by Milton Friedman

No.23

November

1993

10.

Forum on China: The Awakening Giant

No.25

March-July

1994

11.

Understanding Rapid Economic Growth: A New Tale of the Four Asian Dragons
by Y.C. Richard Wong

No.30

January

1995

12.

The Transition to Market Economy in Vietnam
by James Riedel

No.35

November

1995

13.

China's Transition Economy and Macroeconomic Stability
by Fan Gang

No.38

May

1996

14.

The China Miracle

No.39

July

1996

15.

The Growth of Manufacturing and Services in Hong Kong
by
Y.C. Richard Wong

No.40

September

1996

16.

Economic Integration of Hong Kong and Southern China
by William Fung

No.40

September

1996

17.

At Your Service
by Alan K.F. Siu

No.43

March

1997

18. Rethinking Economic Order
by Junko Nakai
No.46 September 1997
19. Hong Kong's Integration with Its Hinterland:
A Mixture of Curses and Blessings
by Yun-Wing Sung
No.47 November 1997
20. Hong Kong: Still the Freest Economy
No.48 January 1998
21. Lessons of the Asian Financial Crisis
by Y.C. Richard Wong
No.53 November 1998
22. Hong Kong's Competitiveness, or Do We Still Have the Hong Kong Advantage?
by Michael Enright
No.54 January 1999
23. China: Facing up to WTO Membership
by Wing Thye Woo
No.62 November/December 2000
24. China in the 21st Century - A Hong Kong Perspective of Future Opportunities and Challenges
by Peter Woo
No.70 March-June 2002
25. Shanghai: Another Hong Kong?
by Y.C. Richard Wong
No.72 September-December 2002
26. The Economic Impact of China's Emergence as a Major Trading Nation
by Wing Thye Woo
No.76 November-December 2003
27. Bottlenecks in Logistics—Cross-Boundary Road-Freight Industry
by Y.C. Richard Wong, Alan Siu and Ginnie Choi
No.83 May-June 2005
28. Synopsis of "Towards the Ultimate Agarian Reform in China"
by Henry Woo
No.86   2008
|Go to Top of Page| Go to Topic List |


Environment

1.

Market Solutions to the Environment
by Y.C. Richard Wong

No.2

May

1990

2.

Vehicular Emissions in Hong Kong - Facts and Policy Analysis
by F.W. Rusco and W.D. Walls

No.24

January

1994

3.

Science, Not Science Fiction, Should Govern Hong Kong Policy
by Michael Fumento

No.34

September

1995

4.

The Impact of Environmental Regulation on Employment
by S. Fred Singer

No.35

November

1995

5.

Property Rights in Marine Resources: Some New Developments
by Hannes H. Gissurarson

No.60

July/August

2000

|Go to Top of Page| Go to Topic List |


Health

1.

Is Hong Kong Ready for Free Market Health Care?
by Joel W. Hay

No.5

November

1990

2.

Health Care: A Market Approach
by Joel W. Hay

No.12

January

1992

3.

Comments on Towards Better Health:
A Consultation Document
by Joel W. Hay

No.22

September

1993

4. Hong Kong Healthcare and Finance Reform
by Y.C. Richard Wong
No.56 May-July 1999
|Go to Top of Page| Go to Topic List |


Hong Kong Economic Policy Studies Project

1.

Economic Policies for Hong Kong: Beyond the Transition

No.36

January

1996

|Go to Top of Page| Go to Topic List |


Housing

1.

The Housing Problem - A New Perspective
by
Y.C. Richard Wong

No.3

July

1990

2.

Sell Public Housing Cheaply?

No.3

July

1990

3.

On the Privatisation of Public Housing
by Alan K.F. Siu

No.5

November

1990

4.

Understanding Speculation in Housing Forwards
by
Y.C. Richard Wong

No.9

July

1991

5.

Index Futures for Property Prices
by Ho Lok Sang

No.11

November

1991

6.

Privatise Public Housing
by
Y.C. Richard Wong

No.16

September

1992

7.

Planning and Development in Hong Kong
by Samuel Staley

No.16

September

1992

8.

Property and Housing Markets in Hong Kong: Issues and Analyses
by Y.C. Richard Wong

No.18

January

1993

9.

The New World of Housing Finance
by Bertrand Renaud

No.38

May

1996

10.

How Severe is the Housing Shortage in Hong Kong?
by
Y.C. Richard Wong

No.42

January

1997

11.

Public Housing Reform and Its Effects on the Private Housing Market
by
Y.C. Richard Wong

No.71

July/August

2002

|Go to Top of Page| Go to Topic List |


Human Capital

1.

Provision of Language Education: A Market Approach
by Liu Pak Wai

No.2

May

1990

2.

Building West Berlin in American Education
by Y.C. Richard Wong

No.15

July

1992

3. What can we learn from Morocco?
by Wing Suen
No.45 July 1997
4. For-Profit School Firm Offers Teachers Stock
by Y.C. Richard Wong
No.53 November 1998
5. Immigration - a Flood or Flow?
by Y.C. Richard Wong
No.55 March-May 1999
6. The Tyranny of Numbers
by Wing Suen
No.55 March-May 1999
7. Personnel Economics and Economic Approaches to Incentives,
by Edward P. Lazear
No.61 September/October 2000
Go to Top of Page| Go to Topic List |


Inflation

1.

Structural Inflation
by Y.C. Richard Wong

No.4

September

1990

2.

Advantages of the Current Linked Rate System for the Hong Kong Dollar: A Restatement
by John G. Greenwood

No.8

May

1991

3.

Deflation: is it really a problem; if so, what should be done?
by Tony Latter

No.73

Jan-Apr

2003

|Go to Top of Page| Go to Topic List |


Labour

1.

Immigrants or Imported Labourers?
by Y.C. Richard Wong

No.3

July

1990

2.

Skilled Immigrants from China
by Alan K.F. Siu

No.4

September

1990

3.

Retraining the Unemployed in Hong Kong
by William Chan

No.19

March

1993

4.

Recent labour Market Conditions in Hong Kong
by Wing Suen

No.32

May

1995

5.

On Unemployment Statistics in Hong Kong
by Wing Suen

No.33

July

1995

Response by the Census & Statistics Department (on item 1)

No.33

July

1995

6.

Poverty and Income Disparity in Hong Kong
by Lui Hon Kwong

No.42

January

1997

7. A Two-Track Immigration Policy
by Wing Suen
No.46 September 1997
8. Families in the 21st Century: The Economic Perspective
by Yiu-Kwan Fan
No.50 May 1998
9. Is Hong Kong Finished?
by Li Hao and Wing Suen
No.51 July 1998
|Go to Top of Page| Go to Topic List |


Macroeconomics

1.

High Frequency Macro Forecasts: 2000 Third Quarter

No.59

May/June

2000

2.

Examining the Hong Kong Government Budget and Fiscal Reserves from a Macroeconomic Perspective
by Paul Lau

No.63

January/February

2001

3.

Hong Kong's Fiscal Issues
by Y.C. Richard Wong

No.64

March/April

2001

4.

Goods and Services Tax in Singapore
by Linda Low

No.65

May/June

2001

|Go to Top of Page| Go to Topic List |


Money and Banking

1.

Money and Legal Restrictions
by Yim-Fai Luk

No.4

September

1990

2.

Alternative Approaches to Banking in Hong Kong
by Randall Kroszner

No.4

September

1990

3.

Regulations to be Blamed for Financial Crises
by George Selgin

No.4

September

1990

4.

The U.S. Savings and Loan Debacle
by David I. Fand

No.10

September

1991

5.

The World History of Free Banking
by Kurt Schuler

No.10

September

1991

6.

Deposit Insurance in Hong Kong
by Yim-Fai Luk

No.10

September

1991

7.

A Deposit Protection Scheme for Hong Kong?
by Yim-Fai Luk

No.13

March

1992

8.

Some Observations on the Deposit Scheme Consultation Paper
by Ho Lok Sang

No.13

March

1992

9.

What does Hong Kong Need a Central Bank for?
by Yim-Fai Luk

No.14

May

1992

10.

Is the Current Hong Kong Dollar Over-valued or Under-valued ?
by Paul Yip

No.30

January

1995

11.

The International Role of the Hong Kong Financial Markets
by Anthony Neoh

No.37

March

1996

12. Some Issues in Developing Hong Kong's Financial Markets
by Y.C. Jao
No.46 September 1997
13. Should the Hong Kong Dollar Be Delinked?
by Li Hao
No.47 November 1997
14. Is Hong Kong Ready to Delink the Currency?
by George Yu
No.49 March 1998
15. The Hong Kong Foreign Exchange Market,
by Yin-Wong Cheung
No.50 May 1998
16. A Contingency Plan for Dollarizing Hong Kong,
by Kurt Schuler
No.52 September 1998
17. Does Hong Kong Need Deposit Insurance?
by Kam Hon Chu
No.59 May/June 2000
18. Savings Bonds as Deposit Insurance
by Kam Hon Chu
No.62 November/December 2000
19. The Link, Re-link and No Link
by Y.F. Luk
No.69 January/February 2002
20. A Discussion Note on Hong Kong's Linked Exchange Rate System and a Proposed Reform of Hong Kong's Wage System
by Paul S.L. Yip
No.69 January/February 2002
21. From Relink to Parallel Currencies to Monetary Union
by Kam Hon Chu
No.75 September-October 2003
22. Reflections on the New Taiwan Dollar Appreciation in the Mid 1980s
by Chu Kam Hon
No.79 May-June 2004
23. Information and the pricing of risk
by Tony Latter
No.82 March-April 2005
24. The Political Economy of Interest Rate Deregulation and Interest Rate Targeting
by Kam Hon Chu
No.84 July-December 2005
|Go to Top of Page| Go to Topic List |


Political Economy

1.

The Relationship between Economic Growth and the Structure of the Political System
by Gary S. Becker

No.1

March

1990

2.

Markets, Democracy, and the Legco Elections
by
Y.C. Richard Wong

No.10

September

1991

3. Four Principles for the First SAR Direction Election
by Stephen Ching
No.44 May 1997
4. Economic Freedom and Growth
by Michael Walker
No.57 January/February 2000
5. Cleanliness and Punishment
by Wing Suen
No.74 May-August 2003
6. Freedom of Information and the Economic Future of Hong Kong
by Zhiwu Chen
No.74 May-August 2003
7. A Constitutional Basis for Using a Timetable to Implement Dual Universal Suffrage
by Stephen Ching
No.80 July-October 2004
|Go to Top of Page| Go to Topic List |


Privatisation, Competition and Regulation

1.

A New Private Airport
by
Y.C. Richard Wong

No.1

March

1990

2.

International Privatisation
by Thibaut de Saint Phalle

No.2

May

1990

3.

The New Airport and Aviation in Hong Kong - A New Perspective
by Kai-Sun Kwong

No.5

November

1990

4.

The New Airport and Aviation in Hong Kong - A New Perspective: Comment by R.T. Stirland and Reply
by Kai-Sun Kwong

No.6

January

1991

5.

International Telecommunications in Hong Kong: The Case for Liberalisation

No.6

January

1991

6.

Making Ends Meet - The Other Side of International Telecommunications
by John Ure

No.7

March

1991

7.

International Telecommunications in Hong Kong: A Reply to John Ure
by Milton Mueller

No.8

May

1991

8.

Regulating Monopolies in Utilities and Telecommunications by Price Cap
by Liu Pak Wai

No.12

January

1992

9.

Creating a Telecommunications Free Trade Zone in Greater China
by Milton Mueller

No.14

May

1992

10.

Competition in Container Terminals
by Y.C. Richard Wong

No.16

September

1992

11.

A Consensus for Hong Kong's Competition Policy?
by Leonard K. Cheng

No.20

May

1993

12.

Understanding Competition in Hong Kong
by
Y.C. Richard Wong

No.20

May

1993

13.

Can Hong Kong Be an Express Cargo Hub?
by Joseph P. Schwieterman

No.21

July

1993

14.

Hong Kong as a Telecom Entrepot?
by Milton Mueller

No.22

September

1993

15.

Regulating Derivatives: The Current System and Proposed Changes
by Christopher L. Culp and Robert J. Mackay

No.29

November

1994

16.

A Consumer's Report on an Immodest Proposal
by Kelly Busche

No.31

March

1995

17.

Competition Law
By Shyam Khemani

No.31

March

1995

18.

Competition in Hong Kong's Water Heating and Cooking Fuel Industry
by W. David Walls

No.33

July

1995

19.

A Reply to Competition in HK's Water Heating and Cooking Fuel Industry
by W. David Walls

No.34

September

1995

20.

Gas Regulation and Competition in Hong Kong
by Lam Pun Lee

No.34

September

1995

21.

A New Approach to Competition, Monopolies, and Cartels
by Pascal Salin

No.37

March

1996

22.

Personnel Guidelines with a Bite
by Wing Suen

No.43

March

1997

23.

Rendering Unnecessary the Legal "Contrivance to Raise Prices"
by Kelly Busche

No.43

March

1997

24. Why Regulate Bus Services?
by Louis M. Chan
No.44 May 1997
25. Unlocking the Winner's Curse in the Application List System
by Stephen Ching
No.85 January-March 2006
26. Extended "Blackout" Periods: To stay or to go?
by Maurice K.S. Tse
No.87   2009
|Go to Top of Page| Go to Topic List |


Public Finance

1.

The New Budgetary Challenge
by
Y.C. Richard Wong

No.7

March

1991

2.

The Budgetary Dilemma
by
Y.C. Richard Wong

No.13

March

1992

3.

The Budget, Inflation, and Housing
by
Y.C. Richard Wong

No.14

May

1992

4.

The Incredible 2003-04 Budget
by Stephen Ching

No.74

May-August

2003

5.

GST and Government Bond
by Stephen Ching

No.79

May-June

2004

|Go to Top of Page| Go to Topic List |


Social Security

1.

Social Insurance and Economic Growth
by Isaac Ehrlich

No.8

May

1991

2.

Can the Government Substitute the Family? - The Social Loss of Mandatory Retirement Insurance for the Elderly
by Francis T.M. Lui

No.11

November

1991

3.

On Retirement Protection in Hong Kong
by Francis T.M. Lui

No.17

November

1992

4.

Lessons of the Singapore Central Provident Fund
by
Y.C. Richard Wong

No.22

September

1993

5.

The Role of the Government in Human Capital Investment
by William Chan

No.24

January

1994

6.

How Not to Take the Worry Out of Growing Old
by
Y.C. Richard Wong

No.26

March-July

1994

7.

The Arithmetic of Old Age Pension
by Wing Suen

No.26

March-July

1994

8.

On Financial Viability of Old Age Pension Scheme
by Francis T.M. Lui

No.27

March-July

1994

9.

Averting the Income Crisis for the Old

No.28

September

1994

10.

Central Provident Fund in Singapore
by Linda Low

No.41

November

1996

11.

Comprehensive Social Security Assistance

No.58

March/April

2000

12.

MPF: An Unfinished Business
by Alan Siu

No.66

July/August

2001

|Go to Top of Page| Go to Topic List |


Trade and Industrial Policy

1.

Japanese Industrial Groups and U.S.-Japan Trade
by Kwok-Chiu Fung

No.3

July

1990

2.

Hong Kong's Stake in China's MFN Status
by Yun-Wing Sung

No.7

March

1991

3.

Economic Integration in East Asia: Doing What Comnes Naturally
by James Riedel

No.9

July

1991

4.

The Folly of Industrial Policy: Hong Kong and Singapore Compared
by Y.C. Richard Wong

No.15

July

1992

5.

Economic Relations between Taiwan and the United States
by James Riedel

No.19

March

1993

6.

Speech in the Legislative Council
by Christine Loh

No.20

May

1993

7.

Trade Policy and Asia under the Clinton Administration: An Insider's View
by Kwok-Chiu Fung

No.27

March-July

1994

8.

Antidumping and GATT Restrictions
by Joseph M. Finger

No.31

March

1995

9. China in the New World Trading Environment After the Uruguay Round
by Haiying Zhao
No.45 July 1997
10. Small and Medium-Sized Private Companies and the Industrialization of Viet Nam
by James Riedel
No.48 January 1998
11. China's Export Growth: Its past and Future,
by Sonia Wong
No.51 July 1998
12. China-United States Bilateral Trade Balances 1990-2000,
by K.C. Fung and Lawrence J. Lau
No.67-68 Sep/Oct and Nov/Dec 2001
13. Trade and Investment: China, The United States, and the Asia-Pacific Economies
by K.C. Fung
No.77 January-February 2004
14. Trading Tyranny for Freedom How Open Markets Till the Soil for Democracy
by Daniel T. Griswold
No.78 March-April 2004
15. United States Direct Investment in China
by
K.C. Fung
No.80 July-October 2004
16. The Giant Sucking Sound: Is China Diverting Foreign Direct Investment from East Asia and Latin America?
by
K.C. Fung, Hitomi Iizaka and Alan Siu
No.81 January-February 2005
|Go to Top of Page| Go to Topic List |


World Economy

1.

The European Monetary System, The European Monetary Unit and the United Kingdom
by Michael J. Artis

No.3

July

1990

2.

Pacific Economic Dynamism: US and Asian Perspectives
by Stephen Parker

No.41

November

1996

3.

The Composition of U.S.-East Asia Trade and the East Asian Miracle
by Terrie Carolan, Nirvikar Singh and Cyrus Talati

No.48

January

1998

4. The Asian Economic Outlook: An Assessment in World Models
by Lawrence R. Klein
No.49 March 1998
5. Trends in Asia-Pacific Real Exchange Rates
by Menzie David Chinn
No.49 March 1998
6. Blessing or Curse: Characteristics of the Japanese Economy
by Junko Nakai
No.54 January 1999
7. A Historical Perspective on the New Economy
by J. Bradford DeLong
No.66 July/August 2001
|Go to Top of Page| Go to Topic List |

 

The Hong Kong Centre for Economic Research
School of Economics and Finance
The University of Hong Kong
Phone: (852) 2547-8313
Fax: (852) 2548-6319
email: hkcer@econ.hku.hk

| Index | Research Projects | Monographs |
| Speaker program / Conference | Index of Economic Freedom |