Dr. Billy S.C. MAK
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International Refereed Journals

1. Cheung, Y.L. and S.C. Mak, " A Study of the International Transmission of Stock Market Fluctuation between the Developed Markets and Asian Pacific Market", Applied Financial Economics, 1992, 2, pp.43-47.

2. Mak, S.C. and W.W. Cheung, " Causality Tests of the U.S. Weekly Money Supply and the Asian-Pacific Stock Markets", Asia Pacific Journal of Management, 1992, Vol. 9, No. 2, pp.53-59.

3. Tang, Y.N., S.C. Mak and F.S. Choi, "The Causal Relationship Between Stock Index Futures and Cash Index Price", Applied Financial Economics, 1992, Vol.2, pp.187-190.

4. Mak, S.C., Tang, Y.N. and F.S. Choi " Validity of the Carrying-Cost Model and Long-Run Relationship Between Futures and Spot Index Prices", The Review of Future Markets, 1993, Vol. 12, No. 3, pp. 687 - 712.

5. Cheung, Y.L., S.K. Tsang and S.C. Mak " The Causal Relationships between Residential Property Prices and Rentals in Hong Kong : 1982 - 1991", The Journal of Real Estate Economics and Finance, 1995, Vol.10, pp. 23-35 .

6. Tang, Y.N., and S.C. Mak, " A Note of Market Integration Before and After the Stock Crash in October 1987 ", Applied Economics Letters, 1995, Vol. 2, pp.151-155.

7. Tang, Y.N., and S.C. Mak "Weekend Effect on HIBOR: Test of a Structural Change", Asian Academy of Management Journal, Vol. 1, pp.71-79.

8. Mak, S.C. " Simple Technical Trading Rule by Using Moving Average", 1996, No. 24, Hong Kong Economic Papers.