Money and finance in Hong Kong : retrospect and prospect / [Y.C. Jao] ; East Asian Institute, National University of Singapore.

Format:

Book

Author/Creator:

Jao, Y. C.

Contributor:

National University of Singapore. East Asian Institute.

Series:

East Asian Institute Contemporary China Series

EAI occasional paper ; no. 2

Language:

English

Subjects (All):

Currency boards--China--Hong Kong.

Currency boards.

Finance--China--Hong Kong.

Finance.

Monetary policy--China--Hong Kong.

Monetary policy.

Money--China--Hong Kong.

Money.

Physical Description:

1 online resource (78 p.)

Place of Publication:

Singapore ; River Edge, N.J. : World Scientific ; Singapore : Singapore University Press, c1998.

Language Note:

English

Summary:

Hong Kong's reunification with China on July 1, 1997 after 156 years of British rule was a historic event of worldwide significance. While the transition to Chinese sovereignty has so far been smoother than expected, there are lingering doubts concerning three interrelated issues: whether the Hong Kong dollar can continue to exist, whether the linked exchange rate can survive and whether Hong Kong can retain its role as an international financial centre. These issues are analyzed and discussed objectively in the first article of this book.The second article confines itself to the workings of t

Contents:

CONTENTS; HONG KONG AFTER ITS RETURN TO CHINA: SOME ISSUES IN MONEY AND FINANCE; HONG KONG AFTER ITS RETURN TO CHINA: SOME ISSUES IN MONEY AND FINANCE*; Introduction; The Question of the Hong Kong Dollar; Hong Kong as a Financial Centre of Greater China; (a) Ranking of Hong Kong as an IFC; (b) What Kind of a Financial Centre is Hong Kong?; (c) Hong Kong as an IFC for Greater China: Some Major Determinants; (d) Indicators of Hong Kong as IFC for Greater China; (e) Hong Kong's Prospects as an IFC After Reunification; Concluding Remarks; References

HONG KONG MONETARY SYSTEM: A CURRENCY BOARD PERSPECTIVEHONG KONG'S MONETARY SYSTEM: A CURRENCY BOARD PERSPECTIVE*; Introduction; The First Currency Board: The Sterling Exchange Standard (1935-72); Interregnum: The ""Free Issue"" Period (1972-83); The Second Currency Board: The Dollar Exchange Standard (October 17, 1983 to date); Some Misconceptions and Controversies; Some Disadvantages; Concluding Remarks; References; ABOUT THE AUTHOR

Notes:

Description based upon print version of record.

Includes bibliographical references.

ISBN:

9789812816221

9812816224