Hong Kong’s Link to the US Dollar

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Author :
Publisher : Hong Kong University Press
ISBN 13 : 9888754084
Total Pages : 360 pages
Book Rating : 4.8/5 (887 download)

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Book Synopsis Hong Kong’s Link to the US Dollar by : John Greenwood

Download or read book Hong Kong’s Link to the US Dollar written by John Greenwood and published by Hong Kong University Press. This book was released on 2022-03-07 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hong Kong’s Link to the US Dollar covers the origins of the city’s currency crisis in 1983, the initial resolution of the crisis by creation of a traditional currency board, the subsequent problems leading to the Asian financial crisis of 1997–98, and the later reforms. A new final chapter traces monetary developments in Hong Kong between 2005 and 2020. This valuable compendium of articles, originally written in the bimonthly journal Asian Monetary Monitor between 1981 and 1989, includes the key article that formed the basis for the Hong Kong government’s decision in 1983 to peg the currency to the US dollar, as well as other important documents of historical record. The main contribution of the book is its detailed monetary analysis of Hong Kong’s unique financial system before and after the currency crisis of 1983. The book explains the collapse of the floating Hong Kong dollar under the pressure of capital outflows during the Sino-British negotiations (1982–84) over the future of Hong Kong, the fascinating story of the introduction of the linked rate system pegging the Hong Kong dollar to the US dollar, and the subsequent gradual process of reform and refinement of the currency board mechanism (1988–2020). Hong Kong’s Link to the US Dollar will enable readers to obtain a comprehensive picture of why the linked rate system was put in place, how it works, and how it has been strengthened over the years. The second edition extends the discussion to 2020. Hong Kong’s Link to the US Dollar covers the origins of the city’s currency crisis in 1983, the initial resolution of the crisis by creation of a traditional currency board, the subsequent problems leading to the Asian financial crisis of 1997–98, and the later reforms. A new final chapter traces monetary developments in Hong Kong between 2005 and 2020. This valuable compendium of articles, originally written in the bimonthly journal Asian Monetary Monitor between 1981 and 1989, includes the key article that formed the basis for the Hong Kong government’s decision in 1983 to peg the currency to the US dollar, as well as other important documents of historical record. The main contribution of the book is its detailed monetary analysis of Hong Kong’s unique financial system before and after the currency crisis of 1983. The book explains the collapse of the floating Hong Kong dollar under the pressure of capital outflows during the Sino-British negotiations (1982–84) over the future of Hong Kong, the fascinating story of the introduction of the linked rate system pegging the Hong Kong dollar to the US dollar, and the subsequent gradual process of reform and refinement of the currency board mechanism (1988–2020). Hong Kong’s Link to the US Dollar will enable readers to obtain a comprehensive picture of why the linked rate system was put in place, how it works, and how it has been strengthened over the years. The second edition extends the discussion to 2020.

HONG KONG'S LINK TO THE US DOLLAR.

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Author :
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (896 download)

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Book Synopsis HONG KONG'S LINK TO THE US DOLLAR. by : J. GREENWOOD

Download or read book HONG KONG'S LINK TO THE US DOLLAR. written by J. GREENWOOD and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Hong Kong's Money

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Author :
Publisher : Hong Kong University Press
ISBN 13 : 9622098762
Total Pages : 164 pages
Book Rating : 4.6/5 (22 download)

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Book Synopsis Hong Kong's Money by : Tony Latter

Download or read book Hong Kong's Money written by Tony Latter and published by Hong Kong University Press. This book was released on 2007-08-01 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since 1983 Hong Kong has pegged its currency to the US dollar through a currency board system that is unique among the world's advanced economies. In this first comprehensive book about Hong Kong's monetary system, Tony Latter draws on his considerable experience in central banking generally, and with the Hong Kong Monetary Authority in particular, to give a detailed account of how the system operates; why it was introduced; what are the important differences from other monetary regimes; and how it has performed. After a brief overview of Hong Kong's currency board system, two chapters explain the key features of mainstream monetary policy as practised in most economies and how the currency board differs. Then three chapters deal with the history of money in Hong Kong from the mid-1930s, describing the salient events and changes of the period up to the 1983 crisis and the consequent re-adoption of the currency board. Descriptions of the functioning of the system after 1983 and its evolution to the present day then follow. The book concludes with assessments of the performance of the currency board since 1983 and of the Hong Kong economy more widely. This book is designed both to inform lay readers and to provide substance for monetary economists. Given the key role of monetary policy in providing a stable foundation for a strong economy, the book is of importance for all business people in Hong Kong, while the more analytical sections provide essential reading for all students of economics.

Money And Finance In Hong Kong: Retrospect And Prospect

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Author :
Publisher : World Scientific
ISBN 13 : 9814496154
Total Pages : 78 pages
Book Rating : 4.8/5 (144 download)

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Book Synopsis Money And Finance In Hong Kong: Retrospect And Prospect by : East Asian Institute

Download or read book Money And Finance In Hong Kong: Retrospect And Prospect written by East Asian Institute and published by World Scientific. This book was released on 1998-05-13 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hong Kong's reunification with China on July 1, 1997 after 156 years of British rule was a historic event of worldwide significance. While the transition to Chinese sovereignty has so far been smoother than expected, there are lingering doubts concerning three interrelated issues: whether the Hong Kong dollar can continue to exist, whether the linked exchange rate can survive and whether Hong Kong can retain its role as an international financial centre. These issues are analyzed and discussed objectively in the first article of this book.The second article confines itself to the workings of the currency board. In addition, the future of the system after Hong Kong's historic reunification with China is briefly discussed.

Hong Kong SAR Monetary and Exchange Rate Challenges

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Author :
Publisher : Springer
ISBN 13 : 0230594743
Total Pages : 201 pages
Book Rating : 4.2/5 (35 download)

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Book Synopsis Hong Kong SAR Monetary and Exchange Rate Challenges by : C. Schenk

Download or read book Hong Kong SAR Monetary and Exchange Rate Challenges written by C. Schenk and published by Springer. This book was released on 2008-11-28 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hong Kong SAR is now highly unusual as a large economy running a currency board system that pegs the Hong Kong Dollar to the US Dollar. This volume explores the origins and persistence of this system, presenting the viewpoint of several of the main protagonists in the operation of the currency board since 1983 as well as new research by academics.

The Commercial Future of Hong Kong

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Author :
Publisher : Praeger Publishers
ISBN 13 :
Total Pages : 184 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The Commercial Future of Hong Kong by : William F. Beazer

Download or read book The Commercial Future of Hong Kong written by William F. Beazer and published by Praeger Publishers. This book was released on 1978 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:

International Reference Service

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Publisher :
ISBN 13 :
Total Pages : 8 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis International Reference Service by :

Download or read book International Reference Service written by and published by . This book was released on 1950 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Money in Hong Kong

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Publisher :
ISBN 13 :
Total Pages : 200 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Money in Hong Kong by : Y. C. Jao

Download or read book Money in Hong Kong written by Y. C. Jao and published by . This book was released on 1990 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Making a Currency Board Operational

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Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Making a Currency Board Operational by : Charles Enoch

Download or read book Making a Currency Board Operational written by Charles Enoch and published by . This book was released on 1997 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Alternative Approaches to the Monetary Unification of Hong Kong and Mainland China

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Author :
Publisher :
ISBN 13 :
Total Pages : 342 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Alternative Approaches to the Monetary Unification of Hong Kong and Mainland China by : Jianjun Wei

Download or read book Alternative Approaches to the Monetary Unification of Hong Kong and Mainland China written by Jianjun Wei and published by . This book was released on 2004 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Other Hong Kong Report 1991

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Publisher : Chinese University Press
ISBN 13 : 9789622015388
Total Pages : 574 pages
Book Rating : 4.0/5 (153 download)

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Book Synopsis The Other Hong Kong Report 1991 by : Yun-Wing Sung

Download or read book The Other Hong Kong Report 1991 written by Yun-Wing Sung and published by Chinese University Press. This book was released on 1991-01-22 with total page 574 pages. Available in PDF, EPUB and Kindle. Book excerpt:

U.S. Trade Deficit

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Publisher :
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis U.S. Trade Deficit by : United States. General Accounting Office

Download or read book U.S. Trade Deficit written by United States. General Accounting Office and published by . This book was released on 1989 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Hong Kong Land for Hong Kong People

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Publisher : Hong Kong University Press
ISBN 13 : 9888208659
Total Pages : 234 pages
Book Rating : 4.8/5 (882 download)

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Book Synopsis Hong Kong Land for Hong Kong People by : Yue Chim Richard Wong

Download or read book Hong Kong Land for Hong Kong People written by Yue Chim Richard Wong and published by Hong Kong University Press. This book was released on 2015-01-01 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hong Kong is one of the world’s most densely populated cities. Land supply, property values, and housing provision are inextricably linked with the city’s economic growth and questions of economic equality. In Hong Kong Land for Hong Kong People, Yue Chim Richard Wong traces the history of Hong Kong’s postwar housing policy. He then discusses current housing problems and their solutions, drawing on examples from around the world. Wong argues that housing policy in Hong Kong, with its multiple, often incompatible objectives, and its focus on supply over demand, can no longer satisfy the needs of a diverse and dynamic population. He recommends three simple low-cost policies to promote homeownership and social mobility: sell public rental housing units to the sitting tenants; make subsidized homes more affordable; and reform the public housing program along lines adopted in Singapore, where government-built housing may be resold or leased in a free market. This is the second of Richard Wong’s collections of articles on society and economy in Hong Kong. The first, Diversity and Occasional Anarchy, published by Hong Kong University Press in 2013, examines the growing contradictions in Hong Kong’s economy predicament in historical context.

East Asian Economic Conditions

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Publisher :
ISBN 13 :
Total Pages : 950 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis East Asian Economic Conditions by : United States. Congress. House. Committee on Banking and Financial Services

Download or read book East Asian Economic Conditions written by United States. Congress. House. Committee on Banking and Financial Services and published by . This book was released on 1998 with total page 950 pages. Available in PDF, EPUB and Kindle. Book excerpt:

People’s Republic of China-Hong Kong Special Administrative Region

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498300316
Total Pages : 38 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis People’s Republic of China-Hong Kong Special Administrative Region by : International Monetary Fund. Monetary and Capital Markets Department

Download or read book People’s Republic of China-Hong Kong Special Administrative Region written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2014-07-16 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Technical Note on Oversight and Supervision of Financial Market Infrastructures has been prepared in the context of the Financial Sector Assessment Program for the People’s Republic of China–Hong Kong Special Administrative Region (HKSAR). Nine financial market infrastructures (FMIs) operate in HKSAR; the effectiveness of their supervision and oversight is critical in maintaining financial stability. In order to support their objective of consolidating Hong Kong’s position as an international financial center, the Hong Kong authorities have fostered the development of sophisticated and multicurrency FMIs. The risks associated with domestic and overseas linkages appear to be adequately managed. Extensive domestic and overseas system linkages have been implemented making HKSAR a regional settlement hub. The legal framework should be amended to explicitly prohibit a domestic clearing house from operating in HKSAR without being recognized as such. The respective legal framework and policy mandate determines the actions of the Hong Kong Monetary Authority and the Securities and Futures Commission as the two regulatory, oversight and supervision authorities for FMIs in HKSAR.

The SAGE Encyclopedia of Business Ethics and Society

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Publisher : SAGE Publications
ISBN 13 : 1483381536
Total Pages : 9415 pages
Book Rating : 4.4/5 (833 download)

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Book Synopsis The SAGE Encyclopedia of Business Ethics and Society by : Robert W. Kolb

Download or read book The SAGE Encyclopedia of Business Ethics and Society written by Robert W. Kolb and published by SAGE Publications. This book was released on 2018-03-27 with total page 9415 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thoroughly revised, updated, and expanded, The SAGE Encyclopedia of Business Ethics and Society, Second Edition explores current topics, such as mass social media, cookies, and cyber-attacks, as well as traditional issues including accounting, discrimination, environmental concerns, and management. The new edition also includes an in-depth examination of current and recent ethical affairs, such as the dangerous work environments of off-shore factories for Western retailers, the negligence resulting in the 2010 BP oil spill, the gender wage gap, the minimum wage debate and increasing income disparity, and the unparalleled level of debt in the U.S. and other countries with the challenges it presents to many societies and the considerable impact on the ethics of intergenerational wealth transfers. Key Features Include: Seven volumes, available in both electronic and print formats, contain more than 1,200 signed entries by significant figures in the field Cross-references and suggestions for further readings to guide students to in-depth resources Thematic Reader's Guide groups related entries by general topics Index allows for thorough browse-and-search capabilities in the electronic edition

New Challenges for Development and Modernization

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Publisher : Chinese University Press
ISBN 13 : 9789629960315
Total Pages : 356 pages
Book Rating : 4.9/5 (63 download)

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Book Synopsis New Challenges for Development and Modernization by : Yue-man Yeung

Download or read book New Challenges for Development and Modernization written by Yue-man Yeung and published by Chinese University Press. This book was released on 2002 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on three major areas of change and challenge faced by Hong Kong and the Asia Pacific region: economic globalization, political and social change, and regional patterns of transformation. It not only encourages a retrospective learning from past failures, but also tries to anticipate the challenges of a new century and millennium.