Jump to ContentJump to Main Navigation
Hong Kong's Link to the US DollarOrigins and Evolution$
Users without a subscription are not able to see the full content.

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

Show Summary Details
Page of

PRINTED FROM HONG KONG SCHOLARSHIP ONLINE (www.hongkong.universitypressscholarship.com). (c) Copyright Hong Kong University Press, 2019. An individual user may print out a PDF of a single chapter of a monograph in HKSO for personal use.date: 15 September 2019

Why the HK$/US$ Linked Rate System Should Not be Changed

Why the HK$/US$ Linked Rate System Should Not be Changed

November–December 1984

Chapter:
(p.182) (p.183) Chapter 8 Why the HK$/US$ Linked Rate System Should Not be Changed
Source:
Hong Kong's Link to the US Dollar
Author(s):

John Greenwood

Publisher:
Hong Kong University Press
DOI:10.5790/hongkong/9789622098909.003.0009

This chapter examines the economic benefits which the linked rate system for the Hong Kong dollar has brought to the people of Hong Kong. Three major benefits have been achieved: First, the reduction in inflation resulting from the stabilisation of the currency; second, because the vast majority of Hong Kong's trade is priced in USS$ and the HK$/US$ rate has been stable, those involved in import/export trade have benefited from the linked rate for the HK$; third, those who hold their savings in Hong Kong banks or deposit-taking companies have benefited because they now obtain a rate of interest which is higher than the annual rate of inflation. The chapter also examines the three principal proposals which have been made to amend or replace the current system.

Keywords:   linked rate system, Hong Kong dollar, inflation, trade, savings, banks

Hong Kong Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .