Hong Kong's currency board system - Cost and Benefits
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This essay analyses the strengths and weaknesses of Hong Kong's currency board, which was introduced in 1983 after the HK dollar failed to provide the economy with a stable exchange rate. The essay first analyses the background before the introduction of the currency board, then gives details on the mechanism that fixes the exchange rate to the US dollar and evaluates it. The evaluation is backed up with several examples of advantages and disadvantages for Hong Kong's economy.
Details
- Publication Date
- May 31, 2008
- Language
- English
- Category
- Business & Economics
- Copyright
- All Rights Reserved - Standard Copyright License
- Contributors
- By (author): Andreas Loew
Specifications
- Pages
- 12
- Binding
- Saddle Stitch
- Interior Color
- Black & White
- Dimensions
- A4 (8.27 x 11.69 in / 210 x 297 mm)