Dr. YEUNG Wai Man, RaymondRaymondDr. YEUNG Wai ManHON Tai Yuen, KurtKurtHON Tai YuenDr. AU Wing KwongProf. WONG Wing-keung2026-06-302026-06-302025In Yeung, W. M., Woo, K. Y., Tang, C. H., Lau, H. M., Tsang, C. K., Li, S. K., Hon, T. Y., Au, W. K., & Wong, W. K. (Eds.). (2025). Causality and behavioral finance studies (pp. 1-23). Scientific and Business World.http://hdl.handle.net/20.500.11861/27861We extend Hon’s (2015) paper to investigate the direction of causation among income, price, exchange rates and money supply in Hong Kong. We use the Granger causality concept to find the existence of such a relationship. The chapter presents the results of two separate bivariate analyses: one involving money and income, and the other involving money and exchange rates. A notable result to come out of the chapter is that there is no causality relationship between them.enBook Chapter