Hong Kong's Link to the US Dollar Origins and Evolution /
Greenwood, John.
This book covers the origins of Hong Kong's currency crisis in 1983, the initial resolution of the crisis by creation of a currency board, the subsequent problems leading to the Asian financial crisis of 1997-98, and the later reforms. The Epilogue traces Hong Kong's monetary developments between 1990 and 2005.
This book covers the origins of Hong Kong's currency crisis in 1983, the initial resolution of the crisis by creation of a currency board, the subsequent problems leading to the Asian financial crisis of 1997-98, and the later reforms. The Epilogue traces Hong Kong's monetary developments between 1990 and 2005.
Includes index.
Foreword / Charles Goodhart -- Currency on the skids -- Time to blow the whistle -- Monetary downturn compounds trade woes -- Hong Kong's financial crisis - history, analysis prescription -- How to rescue the Hong Kong dollar - three practical proposals -- The stabilisation of the Hong Kong dollar -- The operation of the new exchange rate mechanism -- Why the HK$/US$ linked rate system should not be changed -- Adjusting to the link -- Negative interest rates - a comparison of the Hong Kong and Swiss schemes -- Intervention replaces arbitrage - the July package of monetary measures -- The impact of the Tiananmen Square incident on Hong Kong's monetary system -- Epilogue.
Description based on print version record.
Monetary policy
Currency question