An Alternative Approach to Defending the Hong Kong DollarCity University of Hong Kong, Faculty of Business, Department of Economics and Finance, 1999 - Currency boards - 35 pages |
Common terms and phrases
3-month aggregate balance Anming Zhang CityU automatic adjustment mechanism billion Bills and Notes California and CityU California State University capital outflow Chan and Kwan Cheng HKUST China City University CityU and University confidence Convertibility Undertaking currency board system Defending The Hong devalue the Hong dollar forward dollar put option ECONOMICS AND FINANCE Exchange Fund Bills foreign reserves guarantee high interest rate HK dollar HKMA HKMA's holding Hong Kong Hong Kong dollar Hong Kong Monetary Hong Kong's currency inflation interest differential interest rate arbitrage issuing Kong Dollar Leonard Kong dollar put Kong Monetary Authority Kong's currency board Kwan CityU Leonard K Lilian Kheng-lian linked exchange rate Merton Miller percent Projection equations proposal risk premium Section speculative attacks spot exchange rate Stock Market structured notes University of California University of Hong University of Victoria Weiying Zhang Peking Xueping Wu Yimin Zhang University Yin-wong Cheung University Zhang Peking University