This book describes how Hong Kong surmounted the great currency crisis of 1982–83. The book rationalizes why and how the Hong Kong Monetary Authority evolved from a pure currency board to a near central bank, why the linked rate system was put in place, and how it works.
Keywords: Hong Kong, currency crisis, Hong Kong Monetary Authority, currency board, central bank, linked rate system
Print publication date: 2007 | Print ISBN-13: 9789622098909 |
Published to Hong Kong Scholarship Online: September 2011 | DOI:10.5790/hongkong/9789622098909.001.0001 |