Chapter

Currency on the Skids

John Greenwood

in Hong Kong's Link to the US Dollar

Published by Hong Kong University Press

Published in print November 2007 | ISBN: 9789622098909
Published online September 2011 | e-ISBN: 9789882207004 | DOI: http://dx.doi.org/10.5790/hongkong/9789622098909.003.0002
Currency on the Skids

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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

Chapter.  2849 words.  Illustrated.

Subjects: Business and Management

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