Monetary and Financial Stability in Hong Kong in the Aftermath of the Global Financial Crisis of 2007-09

In this lecture I will introduce the main themes of the Half-yearly Monetary and Financial Stability Report March 2010 of the Hong Kong Monetary Authority (HKMA). I will discuss the main risks to monetary and financial stability at the current juncture in Hong Kong, and explain the tools and methodology that economists at the HKMA use to analyze and quantify such risks.

Mr. He, as the Director of the HKIMR, heads the Institute and is also responsible for the Institute's research programme. Mr He, who holds a PhD in Economics from the University of Cambridge, has published research on a wide range of economic matters, particularly macroeconomic and financial market issues in Hong Kong and Mainland China. Before joining the HKMA in August 2004 as a Head (External), Mr. He was a staff member of the International Monetary Fund during 1998-2004 and a staff member of the World Bank during 1993-1998. Mr. He took up the position as Head (Economic Research) in HKMA in May 2006 and was appointed to his current position in August 2009.