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The “China Factor” vs. the “US Dollar Peg” in the Success Story of Hong Kong*

Y. Y. Kueh

in Pax Sinica: Geopolitics and Economics of China's Ascendance

Published in print:
2012
Published Online:
May 2013
ISBN:
9789888083824
eISBN:
9789888180158
Item type:
chapter
Publisher:
Hong Kong University Press
DOI:
10.5790/hongkong/9789888083824.003.0009
Subject:
History, Political History

This chapter aims at studying the interplay between the so-called “China factor” and the dollar peg in Hong Kong in the run up to the 1997 handover, through the Asian financial crisis and beyond. It ... More


The Exchange Rate Regime

Eswar S. Prasad

in Gaining Currency: The Rise of the Renminbi

Published in print:
2016
Published Online:
October 2016
ISBN:
9780190631055
eISBN:
9780190631086
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780190631055.003.0004
Subject:
Economics and Finance, International

This chapter describes the evolution of China’s exchange rate policy. The RMB was pegged to the U.S. dollar from 1994 until 2005. Since then, the RMB has in principle been allowed to float in ... More


Monsters to Destroy: Understanding the War on Terror

Navin A. Bapat

Published in print:
2020
Published Online:
April 2020
ISBN:
9780190061456
eISBN:
9780190061494
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780190061456.001.0001
Subject:
Political Science, International Relations and Politics

This study argues that the war on terror can be explained as an effort to cement the U.S. dollar as the world’s foremost reserve currency by expanding American control over the global energy markets. ... More


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