We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
The evolution of the Hong Kong currency board during global exchange rate instability, 1967-1973.
- Authors
SCHENK, CATHERINE R.
- Abstract
Hong Kong SAR is well known as one of the few economies to operate a form of currency board as the basis of its monetary system.This systemarose out of colonial status and has been retained except for a period of floating from 1975-83 to the present day, with some amendments. This article explores the evolution of the Exchange Fund during a period of global exchange rate instability showing that the abandonment of the monetary anchor in 1975 was part of a series of innovations to the use of the Fund as the colonial government sought to manage the exchange rate risks posed by the collapse of the Bretton Woods system.
- Subjects
CHINA; HONG Kong (China); FOREIGN exchange rates; CURRENCY boards; MONETARY policy; ECONOMIC history -- 1945-1971; ECONOMIC policy
- Publication
Financial History Review, 2009, Vol 16, Issue 2, p129
- ISSN
0968-5650
- Publication type
Article
- DOI
10.1017/S0968565009990059