by Jackson Wing-Kwong Cheung, Patrick Kai-Cheung Yeung. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1989. / Bibliography: leaves 64-65.

Song Yingkun. / Thesis submitted in: December 1999. / Thesis (M.Phil.)--Chinese University of Hong Kong, 2000. / Includes bibliographical references (leaves 31-34). / Abstracts in English and Chinese.

Li Xi. / Thesis (M.Phil.)--Chinese University of Hong Kong, 2006. / Includes bibliographical references (leaves 42-44). / Abstracts in English and Chinese. / Chapter 1. --- Introduction --- p.1 / Chapter 2. --- Literature Review / Chapter 2.1. --- Literature on Mature Markets --- p.6 / Chapter 2.2. --- Evidence from China --- p.8 / Chapter 3. --- Theoretical Rationale for the Main Hypotheses / Chapter 3.1. --- Institutional Settings --- p.10 / Chapter 3.2. --- Theoretical Argument --- p.11 / Chapter 3.3. --- Hypotheses --- p.13 / Chapter 4. --- Data / Chapter 4.1. --- Data Description --- p.16 / Chapter 4.2. --- Summary Statistics / Chapter 4.2.1. --- Pre-acquisition Characteristics --- p.18 / Chapter 4.2.2. --- Post-acquisition Operating Performance Dynamics --- p.19 / Chapter 5. --- Methodology / Chapter 5.1. --- Control Group Matching --- p.20 / Chapter 5.2. --- Comparison Analysis / Chapter 5.2.1. --- The Sample Group and the Control Group --- p.22 / Chapter 5.2.2. --- The Subgroups --- p.22 / Chapter 5.3. --- Post-acquisition Activities / Chapter 5.3.1. --- Restructuring Activities --- p.23 / Chapter 5.3.2. --- Financing Activities --- p.24 / Chapter 5.4. --- Pooled Regression / Chapter 5.4.1. --- Whole Sample Analysis --- p.26 / Chapter 5.4.2. --- Subgroups Analysis --- p.28 / Chapter 6. --- Empirical Results / Chapter 6.1. --- Post-acquisition Operating Performance Comparison --- p.29 / Chapter 6.2. --- Post-acquisition Restructuring Activities --- p.30 / Chapter 6.3. --- Post-acquisition Financing Activities --- p.32 / Chapter 6.4. --- Effectiveness of Takeovers --- p.33 / Chapter 6.5. --- Hypothesis Testing on Financing --- p.35 / Chapter 7. --- Discussion and Extension --- p.37 / Chapter 8. --- Conclusion --- p.41 / Chapter 9. --- References --- p.42 / Chapter 10. --- Tables --- p.45 / Chapter 11. --- Figures --- p.65

在全球化和改革開放的進程中，中國在各方面巳經取得了長足的進步，另一方面，外來衝擊也更容易侵入。在本文中我們主要關注世界上最大的兩個經濟體，中國和美國，通過貨幣政策所產生的聯繫。我們建立了若干個VAR 模型來分析美國貨幣政策的改變對於中國的影響以及意義。 / 我們發現，匯率波動是最主要的傳導渠道。基於這一點，文中的分析被劃分為兩個子時間段，以2005 年7 月的匯率改革為分隔點。在兩個時間段中，擴張性的美國貨幣政策衝擊都會引起流入中國的國際資本顯著增加，並以非FDI 的“熱錢"流入為主。在匯率改革之前，這一資本流入主要引起不可貿易品的需求增加，從而其相對價格提高，引起實際匯率升值，而對於經常賬戶和貿易收支的影響較小。相比之下，在匯率改革之後，這一資本流入引起的實際匯率升值主要通過名義匯率的調整來實現。雖然國內通貨膨脹壓力降低， 實際匯率波幅也沒有顯著上升，但是由於名義匯率變化對於出口的傳遞程度較高，貿易收支在短期內會明顯惡化。 / 為了增強分析的有效性和魯棒性，我們修改了VAR 的結構來觀察這一傳導機制隨著時間的演進。結果證明了最主要的轉折點出現在匯改附近，同時變量之間逐年的動態闕係也證明了以上的結論。 / 這些結果表明，在名義匯率和經常賬戶的穩定性，以及國內通貨膨脹的穩定性之間，存在著一個權衡關係。雖然對於浮動匯率制是否會帶來更高的實際匯率波動性本文並未發現很強的證據，但是我們觀察到它導致了經常賬戶更加劇烈的波動。在某些情況下，名義匯率升值甚至可以引起短暫的通貨緊縮現象，這在固定匯率制下是不會出現的。因此，邁向浮動匯率制的副作用不可被完全忽略，其中隱含的風險也在一定程度上說明了“浮動恐懼"這一普遍現象的合理性。 / On the transition path to a more globalized and open economy, China has witnessed a great progress in many aspects; meanwhile, external shocks are more likely to invade. In this work we focus on the connection between two largest economies, China and the US, through the channel of monetary policy innovations. Several structural VAR models are developed to analyze what a change in monetary policy stance of US implies for the Chinese economy and why this is important. / The principal transmission channel is through adjustment in exchange rates. We divide our analysis into two sub-periods based on the exchange rate reform in July 2005. Across both periods following an expansionary US monetary policy shock there is a burst of capital inflows concentrated within the first year that are dominated by non-FDI inflows, i.e., “hot money“. Before the exchange rate reform, these capital inflows lead to a rise in the demand for non-tradable goods, driving up their relative price, thereby achieving a real exchange rate appreciation. The effect on trade balance is relatively small. / Comparatively, after the exchange rate reform, real exchange rate appreciates due to the surge of capital inflows more through changes in nominal exchange rate. The inflationary pressure is alleviated significantly, and the short-run volatility of real exchange rate slightly increases. However, the pass-through of nominal exchange rate changes into exports is much higher, resulting in a short-run deterioration in trade balance severely. / To verify the validity and enhance the robustness of our analysis, we revise the identifying VARs to investigate the evolution of transmission over time. We show that the most significant turning point of the transmission channel coincides with the exchange rate reform, and comparison among dynamics of variables on a year-by-year basis confirms the previous conclusions. / It seems that there is a trade-off between the stability of nominal exchange rate and the current account, on the one hand, and the stabilization of inflation, on the other hand. Although we find only weak evidence that a more free-floating nominal exchange rate will lead to higher volatility in the real exchange rate, it may introduce higher short-run volatility in the current account. In some cases the appreciation in nominal exchange rate even generates a transitory deflationary effect that is absent under the pegged system. Therefore, the side effects of stepping toward a flexible exchange rate regime must be considered; the potential risk it involves justifies the “fear of floating“ to some extent. / Detailed summary in vernacular field only. / Detailed summary in vernacular field only. / Detailed summary in vernacular field only. / Detailed summary in vernacular field only. / Yang, Minmin. / Thesis (Ph.D.)--Chinese University of Hong Kong, 2012. / Includes bibliographical references (leaves 101-110). / Electronic reproduction. Hong Kong : Chinese University of Hong Kong, [2012] System requirements: Adobe Acrobat Reader. Available via World Wide Web. / Abstract also in Chinese. / Abstract --- p.i / Acknowledgement --- p.v / Chapter 1 --- Introduction --- p.1 / Chapter 1.1 --- Motivation --- p.1 / Chapter 1.2 --- Contributions and Major Findings --- p.5 / Chapter 1.3 --- Organization of the Thesis --- p.7 / Chapter 2 --- Literature Review --- p.9 / Chapter 2.1 --- Open Economy Theories --- p.9 / Chapter 2.2 --- Empirical Research on International Transmission --- p.13 / Chapter 2.3 --- China as an Open Economy --- p.15 / Chapter 3 --- Theory --- p.18 / Chapter 3.1 --- Traditional Theory --- p.18 / Chapter 3.1.1 --- Transmission under Fixed Exchange Rate Regime --- p.19 / Chapter 3.1.2 --- Transmission under Flexible Exchange Rate Regime --- p.25 / Chapter 3.2 --- Specific Issues in China --- p.27 / Chapter 3.2.1 --- Capital Control --- p.28 / Chapter 3.2.2 --- Sterilization --- p.29 / Chapter 3.2.3 --- Pass-through of Nominal Exchange Rate to Trade --- p.30 / Chapter 3.3 --- Summary --- p.36 / Chapter 4 --- Data and Methodology --- p.38 / Chapter 4.1 --- Vector Autoregression --- p.38 / Chapter 4.2 --- VARs models for the transmission of US monetary policy shocks to China --- p.41 / Chapter 4.2.1 --- Benchmark VAR to IdentifyMonetary Policy Shocks in the US --- p.41 / Chapter 4.2.2 --- Extend the Benchmark VAR to Include Chinese Variables --- p.45 / Chapter 4.3 --- Data --- p.50 / Chapter 5 --- Empirical Results --- p.57 / Chapter 5.1 --- Overview --- p.57 / Chapter 5.2 --- Transmission before the Exchange Rate reform --- p.59 / Chapter 5.2.1 --- Capital Inflows --- p.59 / Chapter 5.2.2 --- Exchange Rates and Prices --- p.62 / Chapter 5.2.3 --- Trade and the Current Account --- p.64 / Chapter 5.3 --- Transmission after the Exchange Rate Reform --- p.66 / Chapter 5.3.1 --- Capital Inflows --- p.67 / Chapter 5.3.2 --- Exchange Rates and Prices --- p.67 / Chapter 5.3.3 --- Trade and the Current Account --- p.69 / Chapter 5.4 --- Specific Issues in China --- p.70 / Chapter 5.4.1 --- Capital Control --- p.71 / Chapter 5.4.2 --- Sterilization --- p.71 / Chapter 5.4.3 --- Pass-through of Nominal Exchange Rate to Trade --- p.72 / Chapter 5.5 --- Summary --- p.77 / Chapter 6 --- Robustness: Structural Break in the Transmission --- p.79 / Chapter 6.1 --- Methodology --- p.80 / Chapter 6.2 --- Empirical Results --- p.87 / Chapter 6.3 --- Summary --- p.91 / Chapter 7 --- Conclusion and Future Work --- p.92 / Bibliography --- p.101

Thesis (Ph. D.)--University of California, Los Angeles, 1997. / Includes bibliographical references (leaves 359-366).

Thesis (MBA)--Stellenbosch University, 2001. / ENGLISH ABSTRACT: Much research effort has been spent over the past few decades in the field of capital market analysis and modelling. This research was mostly based on static linear models or derivatives thereof such as the Efficient Market Hypothesis, the Capital Asset Pricing Model and the Arbitrage Pricing Theory. This study project takes an interesting look at a contemporary capital market hypothesis, which is fundamentally based on a non-linear statistical model. The Coherent Market Hypothesis (CMH) was first formulated by Tonis Vaga in 1990. It is based on a theory of social imitation, taking factors such as the underlying fundamental situation and the level of crowd behaviour into account. It also includes the phenomenon of “random walk” as a special case. The CMH departs from the premise of rational investors and normally distributed share returns. In turn, it offers a series of “market states” ranging from trendless (random walk), through unstable transition into coherent bull or bear phases and ultimately into periods of chaotic fluctuation (panics and crashes). The CMH is mathematically formulated and therefore it offers many opportunities for experimentation. This study project is an investigation of the validity and application of the CMH using real JSE data. Artificial Neural Networks were applied as computational aids. The main objective was to demonstrate the CMH’s usefulness as a forecasting tool in both a quantitative as well as qualitative capacity. The results of the quantitative analysis were not as significant or valuable as initially expected. However, the usefulness of the CMH was demonstrated in a more qualitative sense. It is shown that the CMH offers a rich theoretical framework for interpretation, understanding and recognising of market dynamics. / AFRIKAANSE OPSOMMING: Gedurende die afgelope paar dekades is aansienlike hoeveelhede navorsing gedoen in die veld van kapitaalmark analise en modellering. Hierdie navorsing was hoofsaaklik gebaseer op statiese, lineêre modelle of afgeleides daarvan, naamlik die Efficient Market Hypothesis, die Capital Asset Pricing Model en die Arbitrage Pricing Theory. Hierdie werkstuk kyk vanuit ‘n interessante oogpunt na ‘n meer hedendaagse kapitaalmark hipotese wat fundamenteel gebaseer is op ‘n nie-lineêre statistiese model. Die Coherent Market Hypothesis (CMH) is oorspronklik geformuleer deur Tonis Vaga in 1990. Dit is gebaseer op ‘n teorie van sosiale nabootsing en dit neem faktore in ag soos die onderliggende fundamentele situasie asook die vlak van groepgedrag. Die verskynsel van “random walk” word ook ingesluit as ‘n spesiale geval. Die CMH wyk af van die aanname dat beleggers rasioneel optree asook van die aanname dat aandeel opbrengste normaal verspreid is. In teendeel, die CMH omvat ‘n reeks marktoestande wat wissel van die tendenslose (random walk) deur onstabiele oorgang na koherente bul- of beerfases en uiteindelik in tydperke van chaotiese skommelings (markineenstortings). Die CMH is wiskundig geformuleer en daarom bied dit vele geleenthede ten opsigte van eksperimentering. Hierdie werkstuk is ‘n ondersoek na die geldigheid en toepassing van die CMH met die gebruik van JSE aandeledata. Kunsmatige Neurale Netwerke is gebruik as berekeningshulpmiddels. Die hoofoogmerk was om die bruikbaarheid van die CMH as voorspellingshulpmiddel te demonstreer in beide ‘n kwantitatiewe sowel as kwalitatiewe opsig. Die resultate van die kwantitatiewe analise was nie so beduidend as aanvanklik verwag nie. Die bruikbaarheid van die CMH was wel gedemonstreer in ‘n meer kwalitatiewe opsig. Dit is ook aangetoon dat die CMH ‘n omvangryke teoretiese raamwerk bied vir die interpretasie, begrip en uitkenning van markdinamika.

§ 4 Abs. 4 des Gesetzes über die Bundesanstalt für Finanzdienstleistungsaufsicht (Finanzdienst-leistungsaufsichtsgesetz - FinDAG) bestimmt, dass die Aufsicht durch die Bundesanstalt lediglich im öffentlichen Interesse sein soll. Nach dem Willen des Gesetzgebers sollte im Bereich der Kapitalmarktaufsicht eine Staatshaftung ausgeschlossen sein. In dieser Arbeit wird die Vereinbarkeit dieser Regelung mit europäischem Gemeinschaftsrecht und deutschem Verfassungsrecht untersucht. Schwerpunkt der Untersuchung sind (mögliche) Verstöße gegen die Mindestgarantie der Staatshaftung aus Art. 34 GG, die grundrechtliche Schutzpflicht aus Art. 14 GG und die Vorgaben des Gemeinschaftsrecht in Bezug auf subjektive Rechte. Im Ergebnis bejaht der Verfasser eine Verfassungs- und Gemeinschaftsrechtswidrigkeit von § 4 Abs. 4 FinDAG. Article 4 section 4 Gesetz über die Bundesanstalt für Finanzdienstleistungsaufsicht (FinDAG) prescribes that the capital market supervision by the Bundesanstalt is only carried out for the public benefit. The legislator wanted thus to exclude the liability of public authorities for deficient capital market supervision. In this thesis it is examined if this provision is in accordance with the constitution and European law. The thesis emphasises on (possible) violations of the institutional guarantee of public liability, the constitutional duty to protect property and the requirements of European law concerning actionable rights. In conclusion the author affirms art. 4 sec. 4 FinDAG to be unconstitutional and incompatible with European law. / Article 4 section 4 Gesetz über die Bundesanstalt für Finanzdienstleistungsaufsicht (FinDAG) prescribes that the capital market supervision by the Bundesanstalt is only carried out for the public benefit. The legislator wanted thus to exclude the liability of public authorities for deficient capital market supervision. In this thesis it is examined if this provision is in accordance with the constitution and European law. The thesis emphasises on (possible) violations of the institutional guarantee of public liability, the constitutional duty to protect property and the requirements of European law concerning actionable rights. In conclusion the author affirms art. 4 sec. 4 FinDAG to be unconstitutional and incompatible with European law.

by Leung Yat-on, Daniel, Ng Ka-wing, Vincent. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1984. / Bibliography: leaves 93-94.

by Lee Yue, Wefield. / Thesis (M.Phil.)--Chinese University of Hong Kong, 2001. / Includes bibliographical references (leaves 105-111). / Abstracts in English and Chinese. / Abstract --- p.I / Abstract (Chinese) --- p.II / Acknowledgement --- p.III / Table of Content --- p.IV / List of Figures --- p.VII / List of Tables --- p.VIII / Chapter 1 --- Introduction --- p.1 / Chapter 1.1 --- Background --- p.1 / Chapter 1.2 --- Motivation --- p.2 / Chapter 1.3 --- Organization --- p.4 / Chapter 2 --- Literature Review --- p.5 / Chapter 2.1 --- Market Monitoring --- p.5 / Chapter 2.1.1 --- Regulatory Framework --- p.5 / Chapter 2.1.2 --- Surveillance Technology --- p.6 / Chapter 2.2 --- Cross Market Relationship --- p.7 / Chapter 2.3 --- Knowledge Management --- p.9 / Chapter 2.3.1 --- From Data and Information to Knowledge --- p.9 / Chapter 2.3.2 --- From Knowledge to Knowledge Management --- p.10 / Chapter 3 --- Market Activities and Market Surveillance --- p.13 / Chapter 3.1 --- Overview of Market Structure --- p.13 / Chapter 3.1.1 --- Monetary Market --- p.13 / Chapter 3.1.2 --- Stock and its Derivatives Market --- p.14 / Chapter 3.1.3 --- Futures --- p.19 / Chapter 3.2 --- Cross-Market Activities and Manipulation --- p.20 / Chapter 3.3 --- Monitoring and Surveillance --- p.22 / Chapter 3.4 --- Stock Monitoring Systems --- p.23 / Chapter 4 --- Financial Knowledge Management (FKM) Model --- p.27 / Chapter 4.1 --- Introduction --- p.27 / Chapter 4.2 --- Knowledge Management cycle --- p.28 / Chapter 4.2.1 --- Information Collection --- p.29 / Chapter 4.2.2 --- Information Storage --- p.29 / Chapter 4.2.3 --- Knowledge Generation --- p.30 / Chapter 4.2.4 --- Knowledge Dissemination --- p.30 / Chapter 4.3 --- The 4 levels of FKM --- p.31 / Chapter 5 --- Level 1: Range Detection --- p.32 / Chapter 5.1 --- Basic idea --- p.32 / Chapter 5.2 --- Detection cycle --- p.32 / Chapter 5.3 --- Mathematical Model --- p.32 / Chapter 5.4 --- Knowledge generation --- p.34 / Chapter 6 --- Level 2: Momentum Detection --- p.36 / Chapter 6.1 --- Basic idea --- p.36 / Chapter 6.2 --- Detection cycle --- p.36 / Chapter 6.3 --- Mathematical Model --- p.37 / Chapter 6.4 --- Knowledge generation --- p.38 / Chapter 7 --- Level 3: Case Detection --- p.40 / Chapter 7.1 --- Basic Idea --- p.40 / Chapter 7.2 --- Technical Analysis --- p.40 / Chapter 7.3 --- Details and Characteristics of Chart Patterns --- p.41 / Chapter 7.3.1 --- Continuation and Reversal Patterns --- p.41 / Chapter 7.3.2 --- Bar Charts --- p.42 / Chapter 7.3.3 --- Different Patterns --- p.42 / Chapter 7.4 --- Mathematical Model --- p.54 / Chapter 7.4.1 --- Smoothing of Data 一 Exponential Smoothing --- p.55 / Chapter 7.4.2 --- Recognition of Different Patterns --- p.57 / Chapter 7.4.3 --- Detection Cycle --- p.59 / Chapter 7.5 --- Knowledge generation --- p.60 / Chapter 8 --- Level 4: Scenario Detection --- p.62 / Chapter 8.1 --- Basic idea --- p.62 / Chapter 8.2 --- Detection cycle --- p.65 / Chapter 8.2.1 --- RETRIEVE --- p.66 / Chapter 8.2.2 --- REUSE --- p.75 / Chapter 8.2.3 --- REVISE --- p.76 / Chapter 8.2.4 --- RETAIN --- p.82 / Chapter 8.3 --- Knowledge Generation --- p.82 / Chapter 9 --- Experiments and Research Findings --- p.85 / Chapter 9.1 --- Experiments on Monitoring and Detection --- p.85 / Chapter 9.1.1 --- Precision and Recall --- p.85 / Chapter 9.1.2 --- Architecture of FKM --- p.86 / Chapter 9.1.3 --- Experiment and Result Analysis --- p.88 / Chapter 9.2 --- Evaluation of Knowledge Management --- p.89 / Chapter 9.2.1 --- Evaluation Design --- p.90 / Chapter 9.2.2 --- Result Analysis --- p.91 / Chapter 10 --- Conclusion and Future Work --- p.94 / Chapter 10.1 --- Conclusion --- p.94 / Chapter 10.2 --- Future Direction --- p.95 / Appendix I A Survey on Investors of Hong Kong --- p.96 / Appendix II Theories on Cross-Market Relation --- p.99 / Appendix III Mathematical Model for Patterns --- p.102 / Bibliography --- p.105

Ma Yue. / Thesis (M.Phil.)--Chinese University of Hong Kong, 2000. / Includes bibliographical references (leaves 31-36). / Abstracts in English and Chinese.