【Monetarism and Behavioral Finance】

Preface

We compile ten of KSP Journals articles published during 2015 to 2016 in this volume. This volume includes the part I monetarism: we review both the theoretical as well as empirical literature relevant to monetarism and examine the empirical study on causality relationship between money, income, price and exchange rates (3 articles); the part II behavioral finance: we analyze the behavior of Hong Kong small investors in stock markets and derivatives markets (4 articles); we also discuss foreign-invested enterprises and sourcing in China, online securities trading service in Hong Kong (3 articles in commentaries).

Contents

Part I Monetarism

1. A review of monetarism
2. The relationship between consumption and income
3. Causality relationship between money, income, price and exchange rates in a small open economy: The case of Hong Kong

Part II Behavioral Finance

4. A factor analysis of investment behaviour for small investors in the Hong Kong stock market
5. The preferences and investment behaviour of small investors in the Hong Kong bank stock market
6. Decision-making in the Hong Kong bank stock market
7. Rank correlation analysis of investment decision for small investors in the Hong Kong derivatives markets
8. Foreign-invested enterprises in China: Development and sustainability
9. Sourcing in China
10. An overview online securities trading service in Hong Kong