Abstract
Hong Kong Inter-Bank Offered Rate (HIBOR) is one of the most important interest rates in the Hong Kong money market. This paper studied some of the significant factors in determining HIBOR under Hong Kong‟s Linked Exchange Rate System using a VAR model to describe how various factors affect the movement of HIBOR. The result indicates that HIBOR, foreign exchange rate and M1 are correlated.
Recommended Citation
Situ, J. (2010). A quantitative study of influential factors on HIBOR under Hong Kong's linked exchange rate system. Lingnan Journal of Banking, Finance and Economics, 2. Retrieved from http://commons.ln.edu.hk/ljbfe/vol2/iss1/6