Hong Kong SAR's monetary and exchange rate challenges : historical perspectives / edited by Catherine R. Schenk

• 其他作者：
  • Schenk, Catherine R. (Catherine Ruth) 1964-
  • Palgrave Connect (Online service)
• 出版： Basingstoke [England] ;New York : HKIMR/Palgrave Macmillan 2009
• 叢書名： Palgrave Macmillan studies in banking and financial institutions
• 主題： Foreign exchange--China--Hong Kong , Finance--China--Hong Kong , Monetary policy--China--Hong Kong
• ISBN： 9780230594746 、 0230594743
• URL： access to fulltext (Palgrave)
  
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• 書目註：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 theRenminbi 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 withmainland China and presents the viewpoint of several of those involvedin 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 Includes bibliographical references (p. 189-196) and index
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• 系統號： 005161910 | 機讀編目格式