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The Origin and the Evolution of Hong Kong’s Currency Board I

In: Hong Kong SAR’s Monetary and Exchange Rate Challenges

Author

Listed:
  • John Greenwood

Abstract

At the time of the restoration of the Currency Board system in October 1983 the author was the editor of, and a leading contributor to, Asian Monetary Monitor (AMM), a Hong Kong-based bi-monthly publication that was published between 1977 and 1996. In addition to analysing monetary systems elsewhere in Asia, the journal carried numerous articles aimed at explaining and critiquing Hong Kong’s monetary system. The AMM was influential within government and among the banking community during this crucial period when the case for reforming Hong Kong’s monetary system was strengthening. Greenwood’s suggestions through AMM that a currency board be re-established, therefore, played a key part in the policy choices made at the time. The key articles from AMM referred to in this chapter are reproduced, with later commentary, in J. Greenwood (2008) Hong Kong’s Link to the US Dollar: Origins and Evolution (Hong Kong: Hong Kong University Press).

Suggested Citation

  • John Greenwood, 2009. "The Origin and the Evolution of Hong Kong’s Currency Board I," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Catherine R. Schenk (ed.), Hong Kong SAR’s Monetary and Exchange Rate Challenges, chapter 6, pages 125-144, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-0-230-59474-6_6
    DOI: 10.1057/9780230594746_6
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