Publications:

I. Teaching Related Publications

II. Academic Publications:

  1. "The Feldstein-Horioka Puzzle and Spurious Ratio Correlation" forthcoming in Journal of International Money and Finance
  2. "Deposit Insurance Coverage and Banking Stability" Cato Journal 2011, Vol. 31(1): 99-117
  3. "Contagion Effects, Informational Effects, and Economic Fundamentals: An Analysis of Exchange Rate Dynamics during the Asian Currency Crisis," chapter 13, 115-28, in Robert W. Kolb (ed.) Financial Contagion: The Viral Threat to the Wealth of Nations 2011, John Wiley & Sons
  4. "Bank Mergers, Branch Networks and Economic Growth: Theory and Evidence from Canada, 1889-1926," Journal of Macroeconomics 2010, Vol. 32(1): pp. 265-83
  5. "The Basel II Accord and Banking Supervision in Hong Kong," (2010), pp. 38-62, in Yepifanov, A. and Shkolnik, I., (eds.) Basel II: Problems and Prospects of Usage in National Banking Systems, published by Ukrainian Academy of Banking of National Bank of Ukraine
  6. "Too Big to Fail? The Newfoundland Bank Crash of 1894," Kredit und Kapital 2008, Vol. 41(2): pp.161-95.
  7. "Free Banking," entry in Encyclopedia of Economic Policy, at http://pohara.homestead.com/Encyclopedia
  8. "Deposit Insurance," entry in Encyclopedia of Economic Policy, at http://pohara.homesttead.com/Encyclopedia
  9. "States, Markets and Financial Stability," Cato Journal , 2007, Vol. 27, pp.37-52
  10. "Reserve Requirements and Money Multiplier Predictability: The Canadian Experience," Banks and Bank Systems, 2006, Vol. 1, No. 3, pp. 100-115.
  11. "The Economics of Free Banking: A Survey," International Journal of Applied Economics and Econometrics, 2006, vol. 14, pp. 61-92.
  12. "The Political Economy of Interest Rate Deregulation and Interest Rate Targeting" HKCER Letters
    13. Vol. 84 Jul-Dec 2005, pp. 1-6
  13. "Solution to the Siegel Paradox," Open Economies Review, 2005, vol.16, pp. 399-405.
  14. "Inflation, Financial Development and Income Inequality," (with Jack Carr of the University of Toronto),Kredit und Kapital, 2005, vol.38(4), pp. 1-31.
  15. "Reflections on the New Taiwan Dollar Appreciation in the Mid 1980s" HKCER Letters Vol. 79, May-Jun 2004, pp. 1-3
  16. "Deposit Insurance and Banking Crises in the Short and Long Run," The Cato Journal, Fall 2003, Vol.23, No. 2, pp. 265-80
  17. "From Relink to Parallel Currencies to Monetary Union," HKCER Letters
    18. Vol. 75, Sept-Oct, 2003, pp.1-8.
  18. "To Switch or Not to Switch?" Feb 2003, in InterStat, an Internet journal of Statistics.
  19. "Do Free Banks Expand in Unison? Time Series Evidence from Hong Kong, 1954-66," Kredit und Kapital, Vol. 35(1), 2002, pp. 1-18.
  20. "Financial Development and Efficiency: Relations with Economic Growth in APEC Economies," Chapter 2 in 2001 APEC Economic Outlook (with a team of economists led by Elley Mao and Alan Siu)
  21. "China's Competitiveness in World Market for Information Technology Products," (with Jiajia Huang), pp. 82-98, in N. Bu and M. Smith (eds.) Building Bridges Across the Pacific: The Role of Technology, Proceedings of 2001 Far Horizons Conference.
  22. "Savings Bonds as Deposit Insurance," HKCER Letters No. 62, Nov/Dec 2000, pp. 6-8.
  23. "Contagion Effects, Informational Effects, and Economic Fundamentals: An Analysis of Exchange Rate Dynamics During the Asian Currency Crisis." (with Bob Chan and C.Y. Sin), 2000, HKIMR Working Paper No. 2
  24. "Does Hong Kong Need Deposit Insurance?" HKCER Letters No. 59, May/June 2000, pp. 1-3.
  25. "Austrian Economics and the Hong Kong Economy: A Preliminary," Hong Kong Journal of Social Sciences No. 16 Spring 2000, pp. 83-97.
  26. "Free Banking and Information Asymmetry," Journal of Money, Credit and Banking (November 1999), pp. 748-62.
  27. Book Review of Hong Kong as an International Financial Centre: Evolution, Prospects and Policies by Y.C. Jao, in Hong Kong Journal of Social Sciences, No. 11, Spring 1998, 177-80.
  28. "Is Free Banking More Prone to Bank Failures than Regulated Banking?" Cato Journal, Vol 16 No. 1, Summer 1996, pp. 47-61.
  29. (with Jack Carr) (1996) "A Monetary Constitution for the Americas," Chapter 15 in Money and Markets in the Americas: New Challenges for Hemispheric Integration (eds.) J. Dorn & R. Salinas-Leon, Vancouver: The Fraser Institute.