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161223 ||| eng |
| 020 |
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|a 9781498376402
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| 100 |
1 |
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|a Kang, Joong
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| 245 |
0 |
0 |
|a Private Sector Activity in Hong Kong SAR and the Fed
|b Transmission Effects through the Currency Board
|c Joong Kang
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2016
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| 300 |
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|a 15 pages
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| 651 |
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4 |
|a Hong Kong Special Administrative Region, People's Republic of China
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| 653 |
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|a Depository Institutions
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| 653 |
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|a Wealth
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| 653 |
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|a Economics
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| 653 |
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|a Income
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| 653 |
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|a Investment
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| 653 |
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|a Banks
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| 653 |
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|a Finance
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| 653 |
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|a Private consumption
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| 653 |
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|a Industries: Financial Services
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| 653 |
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|a Saving
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| 653 |
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|a Micro Finance Institutions
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| 653 |
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|a Corporate Finance and Governance: General
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| 653 |
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|a Exports and Imports
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| 653 |
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|a Aggregate Factor Income Distribution
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| 653 |
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|a Mortgages
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| 653 |
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|a Intangible Capital
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| 653 |
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|a International Lending and Debt Problems
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| 653 |
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|a International economics
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| 653 |
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|a Globalization: Macroeconomic Impacts
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| 653 |
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|a External debt
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| 653 |
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|a Debts, External
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| 653 |
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|a National accounts
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| 653 |
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|a Debt burden
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| 653 |
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|a Corporate finance
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| 653 |
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|a Saving and investment
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| 653 |
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|a Investments: General
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| 653 |
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|a Consumption
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Corporate investment
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| 653 |
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|a Macroeconomics: Consumption
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| 653 |
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|a Capacity
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| 653 |
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|a Capital
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| 041 |
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7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a IMF Working Papers
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| 028 |
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|a 10.5089/9781498376402.001
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| 856 |
4 |
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|u https://elibrary.imf.org/view/journals/001/2016/035/001.2016.issue-035-en.xml?cid=43732-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
0 |
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|a 330
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| 520 |
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|a As the U.S. Fed begins to increase the Federal Funds rate, interest rates in Hong Kong SAR will rise in tandem under the Currency Board system. While domestic economic activity in Hong Kong SAR remained resilient in previous rate hike cycles, there is a concern that the impact of higher interest rates would be larger this time due to historic high levels of leverage in both household and corporate sectors. However, macroprudential measures have contained the debt service burden among new borrowers and leverage quality of corporate sector is healthier than its peers in the region. Empirical estimations of aggregate consumption and corporate investment show that private domestic demand is likely to remain robust with the anticipated gradual increase in interest rates over the next few years and taking into account the buffers in the system
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