John Greenwood
- Published in print:
- 2007
- Published Online:
- September 2011
- ISBN:
- 9789622098909
- eISBN:
- 9789882207004
- Item type:
- chapter
- Publisher:
- Hong Kong University Press
- DOI:
- 10.5790/hongkong/9789622098909.003.0001
- Subject:
- Economics and Finance, South and East Asia
This book concentrates on Hong Kong's monetary crisis and its solution during the decade of the 1980s. It traces the initial resolution of the crisis via the restoration of a currency board mechanism ...
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This book concentrates on Hong Kong's monetary crisis and its solution during the decade of the 1980s. It traces the initial resolution of the crisis via the restoration of a currency board mechanism in October 1983, and the immediate aftermath as the economy adjusted to the fixed exchange rate. It also highlights some of the shortcomings of the new mechanism, which later caused serious difficulties for Hong Kong during the Asian Financial Crisis of 1997–98. It also deals with the package of measures introduced in July 1988, and the subsequent response of the restored currency board system to the Tiananmen Square crisis of June 1989. Finally, it examines Hong Kong's monetary developments between 1990 and 2005.Less
This book concentrates on Hong Kong's monetary crisis and its solution during the decade of the 1980s. It traces the initial resolution of the crisis via the restoration of a currency board mechanism in October 1983, and the immediate aftermath as the economy adjusted to the fixed exchange rate. It also highlights some of the shortcomings of the new mechanism, which later caused serious difficulties for Hong Kong during the Asian Financial Crisis of 1997–98. It also deals with the package of measures introduced in July 1988, and the subsequent response of the restored currency board system to the Tiananmen Square crisis of June 1989. Finally, it examines Hong Kong's monetary developments between 1990 and 2005.
Emmanuel Mourlon-Druol
- Published in print:
- 2012
- Published Online:
- August 2016
- ISBN:
- 9780801450839
- eISBN:
- 9780801465932
- Item type:
- chapter
- Publisher:
- Cornell University Press
- DOI:
- 10.7591/cornell/9780801450839.003.0001
- Subject:
- Political Science, European Union
This book challenges a rather simplistic interpretation of the creation of the European Monetary System (EMS) and sheds new light on the wider trends in European monetary cooperation. Drawing on ...
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This book challenges a rather simplistic interpretation of the creation of the European Monetary System (EMS) and sheds new light on the wider trends in European monetary cooperation. Drawing on eighteen archives in six countries, including Britain, France, Germany, Ireland, Italy, and the European Economic Community (EEC), the book examines how a European consensus was built regarding European monetary cooperation in a world of floating currencies. It also considers the peculiarity of European monetary cooperation between 1974 and 1979—and interest in the wider perspective of post-1945 international economic history—in relation to transnational, intergovernmental, and supranational dimensions as well as the interaction among economic, political, political-psychological, and technical dimensions. It argues that European monetary cooperation in the mid- to late 1970s was one of the European responses to international economic and monetary crisis.Less
This book challenges a rather simplistic interpretation of the creation of the European Monetary System (EMS) and sheds new light on the wider trends in European monetary cooperation. Drawing on eighteen archives in six countries, including Britain, France, Germany, Ireland, Italy, and the European Economic Community (EEC), the book examines how a European consensus was built regarding European monetary cooperation in a world of floating currencies. It also considers the peculiarity of European monetary cooperation between 1974 and 1979—and interest in the wider perspective of post-1945 international economic history—in relation to transnational, intergovernmental, and supranational dimensions as well as the interaction among economic, political, political-psychological, and technical dimensions. It argues that European monetary cooperation in the mid- to late 1970s was one of the European responses to international economic and monetary crisis.
