We are pleased to announce Hong Kong Institute for Monetary & Financial Research (HKIMR) has started an Economics Research Centers Papers series within the Economics Research Network (ERN).

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The Hong Kong Institute for Monetary and Financial Research (HKIMR) is the research arm of the Hong Kong Academy of Finance (AoF) and affiliate of the Hong Kong Monetary Authority (HKMA). The HKIMR was established by the HKMA in August 1999. Since then it has been conducting research in the fields of monetary policy, banking and finance that are of strategic importance to Hong Kong and the Asia region. With the establishment of the AoF in June 2019, the HKIMR's remit is expanded to include applied finance research in cross-sectoral areas. With the introduction of this new function, the HKIMR also carries out research projects that are both in-depth and highly relevant to the policy deliberations amongst the financial industry and regulators in Hong Kong, and strategic to the long-term development of the local financial industry.

The HKIMR Research Paper Series includes Applied Research Reports, Applied Research Papers, Working Papers and Policy Reports/Occasional Papers. For more information of the HKIMR, please visit the HKIMR website: Hong Kong Academy of Finance - Hong Kong Institute for Monetary and Financial Research.

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Michael C. Jensen
Economics Research Network

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