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.

The Financial Markets of Hong Kong

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Author :
Publisher : Routledge
ISBN 13 : 0429867123
Total Pages : 278 pages
Book Rating : 4.4/5 (298 download)

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Book Synopsis The Financial Markets of Hong Kong by : Andrew F. Freris

Download or read book The Financial Markets of Hong Kong written by Andrew F. Freris and published by Routledge. This book was released on 2018-10-26 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: The financial markets of Hong Kong have a reputation for volatility, but careful analysis of past behaviour reveals consistent trends and coherent actions. This study, first published in 1991, at a time of uncertainty before Hong Kong’s transfer to China in 1997, analyses each of the financial markets in the colony, and explains the activities of banks, deposit-taking companies, the stock exchange, and markets in capital, gold, futures, unit trusts, and foreign exchange. Examining these in terms of structure, regulation and in competition, it constitutes not just a description but a thorough analysis of the characteristic dynamics of each market.

Hong Kong’s Link to the US Dollar

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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 SAR Monetary and Exchange Rate Challenges

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Author :
Publisher : Springer
ISBN 13 : 0230594743
Total Pages : 211 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 211 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.

Money in Hong Kong

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Publisher :
ISBN 13 :
Total Pages : 198 pages
Book Rating : 4.:/5 (318 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 198 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Money in Hong Kong

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Author :
Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.:/5 (513 download)

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Book Synopsis Money in Hong Kong by :

Download or read book Money in Hong Kong written by and published by . This book was released on 2000 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Money and Finance in Hong Kong

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Author :
Publisher : World Scientific
ISBN 13 : 9789810234812
Total Pages : 84 pages
Book Rating : 4.2/5 (348 download)

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

Download or read book Money and Finance in Hong Kong written by Y. C. Jao and published by World Scientific. This book was released on 1998 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prepared by the East Asian Institute, NUS, which promotes research on East Asian developments particularly the political, economic and social development of contemporary China (including Hong Kong and Taiwan), this series of research reports is intended for policy makers and readers who want to keep abreast of the latest developments in China.

Hong Kong's Economic And Financial Future

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Author :
Publisher : Routledge
ISBN 13 : 0429717377
Total Pages : 79 pages
Book Rating : 4.4/5 (297 download)

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Book Synopsis Hong Kong's Economic And Financial Future by : Y. F. Luk

Download or read book Hong Kong's Economic And Financial Future written by Y. F. Luk and published by Routledge. This book was released on 2019-04-12 with total page 79 pages. Available in PDF, EPUB and Kindle. Book excerpt: SIGNIFICANT ISSUES SERIES papers are written for and published by the Center for Strategic and International Studies. The series will present the insights of prominent East Asian analysts and draw conclusions about complementarities or divergences that may exist. Those insights, in tum, will serve in the aggregate as the basis for a richer, cross-

Banking and Currency in Hong Kong

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Author :
Publisher : Springer
ISBN 13 : 1349021997
Total Pages : 353 pages
Book Rating : 4.3/5 (49 download)

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Book Synopsis Banking and Currency in Hong Kong by : Y. C. Jao

Download or read book Banking and Currency in Hong Kong written by Y. C. Jao and published by Springer. This book was released on 1974-06-18 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Hong Kong's Currency Board and Changing Monetary Regimes

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Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.:/5 ( download)

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Book Synopsis Hong Kong's Currency Board and Changing Monetary Regimes by : Yum K. Kwan

Download or read book Hong Kong's Currency Board and Changing Monetary Regimes written by Yum K. Kwan and published by . This book was released on 1996 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper discusses the historical background and institutional details of Hong Kong's currency board. We argue that its experience provides a good opportunity to test the macroeconomic implications of the currency board regime. Using the method of Blanchard and Quah (1989), we show that the parameters of the structural equations and the characteristics of supply and demand shocks have significantly changed since adopting the regime. Variance decomposition and impulse response analyses indicate Hong Kong's currency board is less susceptible to supply shocks, but demand shocks can cause greater short-term volatility under the system. The decent performance of Hong Kong's currency board is due mainly to the stable fiscal policy of its government. Counter-factual exercises also show that three-fourths of the reduction in observed output volatility and two-thirds of that in observed inflation volatility are explained by the adoption of the currency board, while the remainder is explained by changes in the external environment. The improvement in stability does not rule out the possibility of monetary collapse, however.

The Monetary System of Hong Kong

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Publisher :
ISBN 13 :
Total Pages : 168 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis The Monetary System of Hong Kong by : Frank H. H. King

Download or read book The Monetary System of Hong Kong written by Frank H. H. King and published by . This book was released on 1953 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt:

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:

An Alternative Approach to Defending the Hong Kong Dollar

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Author :
Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis An Alternative Approach to Defending the Hong Kong Dollar by : Leonard Kwok-Hon Cheng

Download or read book An Alternative Approach to Defending the Hong Kong Dollar written by Leonard Kwok-Hon Cheng and published by . This book was released on 1999 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Hong Kong as an International Financial Centre

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Author :
Publisher : Routledge
ISBN 13 : 1134626045
Total Pages : 304 pages
Book Rating : 4.1/5 (346 download)

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Book Synopsis Hong Kong as an International Financial Centre by : Dr Catherine Schenk

Download or read book Hong Kong as an International Financial Centre written by Dr Catherine Schenk and published by Routledge. This book was released on 2001-03-15 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on previously unpublished archival records, this book studies the origins of Hong Kong's post war rise to global prominence. It explores the expansion of the gold market, stock market, banking system, foreign exchange market, and insurance in the years 1945-1965. This book makes a significant contribution to our understanding of the developme

The Hong Kong Financial System

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Publisher : Oxford University Press, USA
ISBN 13 :
Total Pages : 536 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis The Hong Kong Financial System by : Simon S. M. Ho

Download or read book The Hong Kong Financial System written by Simon S. M. Ho and published by Oxford University Press, USA. This book was released on 2004 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comprehensive and up-to-date description of the financial system of Hong Kong, a system which has undergone immense changes in recent years. The book, written by scholars and profesionals in the finance sector, covers all aspects of the financial system--commercial banking and non-depository institutions, the major financial markets, monetary policy, international financial relations, and information technology.

The Hong Kong Financial System

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Author :
Publisher : Oxford University Press, USA
ISBN 13 :
Total Pages : 440 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis The Hong Kong Financial System by : Yan-ki Ho

Download or read book The Hong Kong Financial System written by Yan-ki Ho and published by Oxford University Press, USA. This book was released on 1991 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Today Hong Kong, Tomorrow the World

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Publisher : St. Martin's Press
ISBN 13 : 1250279186
Total Pages : 237 pages
Book Rating : 4.2/5 (52 download)

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Book Synopsis Today Hong Kong, Tomorrow the World by : Mark L. Clifford

Download or read book Today Hong Kong, Tomorrow the World written by Mark L. Clifford and published by St. Martin's Press. This book was released on 2022-02-01 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: A gripping history of China's deteriorating relationship with Hong Kong, and its implications for the rest of the world. For 150 years as a British colony, Hong Kong was a beacon of prosperity where people, money, and technology flowed freely, and residents enjoyed many civil liberties. In preparation for handing the territory over to China in 1997, Deng Xiaoping promised that it would remain highly autonomous for fifty years. An international treaty established a Special Administrative Region (SAR) with a far freer political system than that of Communist China—one with its own currency and government administration, a common-law legal system, and freedoms of press, speech, and religion. But as the halfway mark of the SAR’s lifespan approaches in 2022, it is clear that China has not kept its word. Universal suffrage and free elections have not been instituted, harassment and brutality have become normalized, and activists are being jailed en masse. To make matters worse, a national security law that further crimps Hong Kong’s freedoms has recently been decreed in Beijing. This tragic backslide has dire worldwide implications—as China continues to expand its global influence, Hong Kong serves as a chilling preview of how dissenters could be treated in regions that fall under the emerging superpower’s control. Today Hong Kong, Tomorrow the World tells the complete story of how a city once famed for protests so peaceful that toddlers joined grandparents in millions-strong rallies became a place where police have fired more than 10,000 rounds of tear gas, rubber bullets and even live ammunition at their neighbors, while pro-government hooligans attack demonstrators in the streets. A Hong Kong resident from 1992 to 2021, author Mark L. Clifford has witnessed this transformation firsthand. As a celebrated publisher and journalist, he has unrivaled access to the full range of the city’s society, from student protestors and political prisoners to aristocrats and senior government officials. A powerful and dramatic mix of history and on-the-ground reporting, this book is the definitive account of one of the most important geopolitical standoffs of our time.