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Credibility of Hong Kong's Currency Board: The Role of Institutional Arrangements

Yum K. Kwan, Francis T. Lui, and Leonard K. Cheng

in Regional and Global Capital Flows: Macroeconomic Causes and Consequences

Published in print:
2001
Published Online:
February 2013
ISBN:
9780226386768
eISBN:
9780226387017
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226387017.003.0008
Subject:
Economics and Finance, International

This chapter provides a valuable history of the operations of the Hong Kong Monetary Authority (HKMA)—the de facto central bank of Hong Kong—and attempts to measure the credibility of the system ... More


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