Cheung, Yin-Wong; Chinn, Menzie David; Fujii, Eiji - 2021
corresponding to three criteria of integration, namely real interest parity, uncovered interest parity, and relative purchasing … shrinking over time. Overall, however, Hong Kong exhibits indications of a more advanced level of integration with the PRC. We … also find that evidence is surprisingly positive for integration with the US. We then turn to examining the determinants of …