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.
Jotham Parsons
- Published in print:
- 2014
- Published Online:
- August 2016
- ISBN:
- 9780801451591
- eISBN:
- 9780801454981
- Item type:
- chapter
- Publisher:
- Cornell University Press
- DOI:
- 10.7591/cornell/9780801451591.003.0001
- Subject:
- History, European Early Modern History
This introductory chapter discusses the monetary developments in sixteenth-century Europe. In particular, it presents several factors that caused these developments such as the expansion of global ...
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This introductory chapter discusses the monetary developments in sixteenth-century Europe. In particular, it presents several factors that caused these developments such as the expansion of global and internal commerce following the voyages of discovery; the influx of precious metal from central European, South American, and Japanese mines; as well as the exponentially increasing fiscal demands of warfare in the age of the military revolution. In relation to this background, the book focuses on France's monetary economy from the mid-sixteenth through the early seventeenth century during which the France was still Europe's largest and most powerful state. While the French case is not entirely typical, it generated many ideas and institutions crucial to the unfolding European system.Less
This introductory chapter discusses the monetary developments in sixteenth-century Europe. In particular, it presents several factors that caused these developments such as the expansion of global and internal commerce following the voyages of discovery; the influx of precious metal from central European, South American, and Japanese mines; as well as the exponentially increasing fiscal demands of warfare in the age of the military revolution. In relation to this background, the book focuses on France's monetary economy from the mid-sixteenth through the early seventeenth century during which the France was still Europe's largest and most powerful state. While the French case is not entirely typical, it generated many ideas and institutions crucial to the unfolding European system.
