118 records from EconBiz based on author Name

1. The impact of reserves practices on bank opacity

Iannotta, Giuliano; Kwan, Simon H.;
2022
Type: Aufsatz in Zeitschrift; Article in journal;
Availability: Link Link

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2. The international transmission of shocks through the lens of foreign banks in Hong Kong

Kwan, Simon H.; Ho, Kelvin; Hui, Cho H.; Wong, Eric T. C.;
2024
Type: Aufsatz in Zeitschrift; Article in journal;
Availability: Link

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3. The transmission of negative nominal interest rates in Finland

Kwan, Simon H.; Ulate, Mauricio; Voutilainen, Ville;
2023
Type: Working Paper;
Availability: Link

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4. The Transmission of Negative Nominal Interest Rates in Finland

abstract

Despite the implementation of negative nominal interest rates by several advanced economies in the last decade and the many papers that have been written about this novel policy tool, there is still much we do not know about the effectiveness of this instrument. The pass-through of negative policy rates to loan rates is one of the main points of contention. In this paper, we analyze the pass-through of the ECB’s changes in the deposit facility rate to mortgage rates in Finland between 2005 and 2020. We use monthly data and three different empirical methodologies: correlational event studies, high-frequency identification, and exposure-measure regressions. We provide robust evidence that there continues to be pass-through of a cut in the policy rate to mortgage rates even when the policy rate is in negative territory, but that this pass-through is smaller than when the policy rate is in positive territory. The evidence in this paper contrasts with some previous studies and provides moments that can be useful to discipline theoretical negative-rates models

Kwan, Simon H.; Ulate, Mauricio; Voutilainen, Ville;
2023
Availability: Link Link

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5. The transmission of negative nominal interest rates in Finland

abstract

Despite the implementation of negative nominal interest rates by several advanced economies in the last decade and the many papers that have been written about this novel policy tool, there is still much we do not know about the effectiveness of this instrument. The pass-through of negative policy rates to loan rates is one of the main points of contention. In this paper, we analyze the pass-through of the ECB's changes in the deposit facility rate to mortgage rates in Finland between 2005 and 2020. We use monthly data and three different empirical methodologies: correlational event studies, high-frequency identification, and exposure-measure regressions. We provide robust evidence that there continues to be pass-through of a cut in the policy rate to mortgage rates even when the policy rate is in negative territory, but that this pass-through is smaller than when the policy rate is in positive territory. The evidence in this paper contrasts with some previous studies and provides moments that can be useful to discipline theoretical negative-rates models.

Kwan, Simon H.; Ulate, Mauricio; Voutilainen, Ville;
2023
Type: Graue Literatur; Non-commercial literature; Arbeitspapier; Working Paper;
Availability: Link Link

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6. The transmission of negative nominal interest rates in Finland

Kwan, Simon H.; Ulate, Mauricio; Voutilainen, Ville;
2023
Type: Graue Literatur; Non-commercial literature; Arbeitspapier; Working Paper;
Availability: Link

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7. Complexity of global banks and their foreign operation in Hong Kong

Kwan, Simon H.; Ho, Kelvin; Tan, Edward;
2019
Type: Graue Literatur; Non-commercial literature; Arbeitspapier; Working Paper;
Availability:

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8. Complexity of global banks and their foreign operation in Hong Kong

Kwan, Simon H.; Ho, Kelvin; Tan, Edward;
2019
Type: Graue Literatur; Non-commercial literature; Arbeitspapier; Working Paper;
Availability: Link

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9. Impact of Deposit Rate Deregulation in Hong Kong on the Market Value of Commercial Banks

abstract

This working paper was written by Simon H. Kwan (Federal Reserve Bank of San Francisco).This paper examines the impact of deposit rate deregulation on the market value of banks in Hong Kong. We do not find that the release of the Consumer Council’s Report “Are Hong Kong Depositors Fairly Treated?” in 1994 was associated with any significant stock market reaction, contrary to the hypothesis that banks had been extracting excess profits from depositors under the Interest Rate Rules (“IRR”). Even when the government decided to start deregulating time deposit interest rates, the stock market was indifferent to the announcement, further suggesting the lack of subsidy was incidental to the IRRs. The recent announcement of complete deregulation of the IRRs, however, was found to be associated with a significant positive stock market response. The findings suggest that IRRs deregulation would benefit, rather than hurt, bank earnings. Furthermore, large banks and banks with high growth rates, high net interest margins, and high liability costs are found to benefit more from deregulation

Kwan, Simon H.;
2022
Availability: Link

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10. The X-Efficiency of Commercial Banks in Hong Kong

abstract

This paper uses the stochastic econometric cost frontier approach to investigate the cost efficiency of commercial banks in Hong Kong. On average, the X-efficiency of Hong Kong banks is found to be about 16 to 30 per cent of observed total costs, which is comparable to the findings in the U.S. banking industry. X-efficiency is found to decline over time, indicating that banks in Hong Kong are now operating closer to the cost frontier than before. This is consistent with technological innovation that might have occurred in the Hong Kong banking industry. Furthermore, the average large bank in Hong Kong is found to be less efficient than the average small bank, particularly during the earlier time periods. Finally, X-efficiency is found to be related to certain bank characteristics. Specifically, X-efficiency is found to decline with bank size, deposit-to-asset ratio, loan-to-asset ratios, provision for loan loss, and loan growth, and to increase with off-balance sheet activities

Kwan, Simon H.;
2022
Availability: Link

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