Format:
XIII, 201 S.
,
Ill., graph. Darst
,
24 cm
Edition:
1. publ.
Edition:
Online-Ausg. 2011 Electronic reproduction; Available via World Wide Web
ISBN:
0230209467
,
9780230209466
Series Statement:
Palgrave Macmillan studies in banking and financial institutions
Content:
Literaturangaben
Content:
Literaturverz. S. 189 - 196
Content:
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. While usually credited with providing stability and prosperity for Hong Kong, the system has become controversial since the decline of the US Dollar since 2002 and the adoption of a flexible basket peg system for the Renminbi in 2005. Why was this system adopted in the first place? Why did Hong Kong go back to a currency board in 1983 after a decade of floating exchange rates? This volume explores the origins and persistence of the system in the context of the long term monetary integration with mainland China and presents the viewpoint of several of those involved in the restoration of the currency board system in 1983. It also explains the changes made since the 1990s and looks to Hong Kong's future prospects
Note:
Includes bibliographical references (p. 189-196) and index
,
PART I: HISTORICAL PERSPECTIVESHong Kong's Monetary Challenges in Historical Perspective / C.R. Schenk -- Historical Dimensions of the Hong Kong-Guangdong Financial & Monetary Links:Three Cases in Politico-Economic Interactive Dynamics, 1912-1935 / M.K. Chan -- Banking and Exchange Rate Relations Between Hong Kong and Mainland China 1965-1975 / C.R. Schenk -- PART II: THE CURRENCY BOARD -- Laissez-faire's Limitations: The Evolution of Monetary Policy in Hong Kong, 1935-80 / L. Goodstadt -- Rules Versus Discretion in Managing the Hong Kong Dollar, 1983-2007 / T. Latter -- The Origin and the Evolution of Hong Kong's Currency Board I / J. Greenwood -- The Origin and Evolution of Hong Kong's Currency Board II / J. Yam -- PART III: THE FUTURE OF THE INTERNATIONAL FINANCIAL CENTRE -- Hong Kong's Transformation as a Financial Centre / D.R. Meyer.
,
Electronic reproduction; Available via World Wide Web
Additional Edition:
Erscheint auch als Druck-Ausgabe Hong Kong SAR's monetary and exchange rate challenges
Language:
English
Keywords:
Hongkong
;
Währungspolitik
;
Geschichte 1912-2007
;
Aufsatzsammlung
DOI:
10.1057/9780230594746
URL:
Volltext
(lizenzpflichtig)
Author information:
Schenk, Catherine R. 1964-
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