The Banking Sector In Hong Kong Competition, Efficiency, Performance and Risk [Hardcover]

The book extensively discusses the structure and stability of the Hong Kong banking sector, using economic theory and advanced empirical econometric techniques. It is important for readers who are interested in studying the banking industry in general, and?the Hong Kong banking sector in particular.Overview PART I: Efficiency, Competition, and Performance of the Banking Sector The Cost Efficiency of Commercial Banks in Hong Kong; J.Wong, T.Fong, E.Wong ? K.Choi Competition in Hong Kong's Banking Sector: A Panzar-Rosse Assessment; J.Wong, E.Wong, T.Fong &? K.Choi Testing for Collusion in the Hong Kong Banking Sector; J.Wong, E.Wong, T.Fong ?&? K.Choi Determinants of the Performance of Banks in Hong Kong; J.Wong, T.Fong, E.Wong ?&? K.Choi PART II: Quantifying Risks and Capital Adequacy Hong Kong Mortgage Rate Setting  An Alternative Reference Rate?; J.Wong,?C.Hui ?& L.Fung Interest Rate Risk in the Pricing Of Banks' Mortgage Lending; J.Wong, L.Fung, T.Fong ?&? C.Hui Residential Mortgage Default Risk in Hong Kong; J.Wong, L.Fung, T.Fong ?& A.Sze Measuring Provisions for Collateralised Retail Lending;? C.Hui,?C.Lo, E.Wong ?&? P.Man Assessing the Risk of Multiple Defaults in the Banking System;? I.Yu, L.Fung ?&? C.Tam A Framework for Stress Testing Bank's Credit Risk?; J.Wong,?K.Choi ?& T.Fong Determinants of the Capital Level of Banks in Hong Kong; J.Wong, K.Choi ?& T.Fong Benchmarking Model of Default Probabilities of Listed Companies;? C.Hui, E.Wong,?C.Lo ?&? M.Huang

Hans Genberg and Cho-Hoi Hui have brought together a detailed assessment of conditions in the Hong Kong banking sector in the years following deregulation in 2001. The analysis of competition and efficiency, interest rate setting and default risk, and stress-testing procedures adopted by banks following roll out of Basel II, by the research staff of the Hong Kong Monetary Authority, offers a careful examination of these issues. It is essential reading flÓ`