
Published online:
23 May 2013
Published in print:
01 December 2012
Online ISBN:
9789888180158
Print ISBN:
9789888083824
Contents
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Could the British have done better? Could the British have done better?
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Defending the US dollar peg: The Achilles’ heel Defending the US dollar peg: The Achilles’ heel
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The Chinese connection: Asset or liability? The Chinese connection: Asset or liability?
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Revamping the Currency Board: Has it really helped? Revamping the Currency Board: Has it really helped?
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Impact on external trade Impact on external trade
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Concluding remarks Concluding remarks
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Appendix Appendix
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Chapter
6 Hong Kong Weathering the Asian Financial Storm
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Published:December 2012
Cite
Kueh, Y. Y., 'Hong Kong Weathering the Asian Financial Storm', Pax Sinica: Geopolitics and Economics of China's Ascendance (Hong Kong , 2012; online edn, Hong Kong Scholarship Online, 23 May 2013), https://doi.org/10.5790/hongkong/9789888083824.003.0006, accessed 18 Apr. 2025.
Abstract
This chapter begins by questioning whether the British administration would have been better able to lead Hong Kong through the Asian financial typhoon. In addition to giving a brief account of the speculative attacks on the Hong Kong dollar in 1997–98, this chapter looks into whether there are tenable economic factors underlying the international speculations for a renminbi devaluation. Moreover it evaluates the effectiveness of revamping the Currency Board and discusses the impacts on Hong Kong's external trade.
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