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Hong Kong's Link to the US DollarOrigins and Evolution$
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John Greenwood

Print publication date: 2007

Print ISBN-13: 9789622098909

Published to Hong Kong Scholarship Online: September 2011

DOI: 10.5790/hongkong/9789622098909.001.0001

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PRINTED FROM HONG KONG SCHOLARSHIP ONLINE (www.hongkong.universitypressscholarship.com). (c) Copyright Hong Kong University Press, 2021. An individual user may print out a PDF of a single chapter of a monograph in HKSO for personal use.date: 17 January 2022

Currency on the Skids

Currency on the Skids

May–June 1981

(p.5) Chapter 1 Currency on the Skids
Hong Kong's Link to the US Dollar

John Greenwood

Hong Kong University Press

This chapter examines the structural reasons for Hong Kong's monetary difficulties which began in 1977. It also compares the relative money growth rates in Hong Kong with the money growth rates of its five major trading partners, and finds a systematic tendency for Hong Kong's money supply to grow more rapidly than was consistent with currency stability on a trade-weighted basis.

Keywords:   Hong Kong, monetary difficulties, money growth, trading partners, currency stability

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