IDEAS home Printed from https://ideas.repec.org/h/pal/pmschp/978-0-230-59474-6_8.html
   My bibliography  Save this book chapter

Hong Kong’s Transformation as Financial Centre

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

Author

Listed:
  • David R. Meyer

Abstract

Over the past century Hong Kong’s status as an international financial centre (IFC) seemingly ebbed and flowed as wars, a world depression, economic booms, and geopolitical restructurings of imperialism and the end of colonialism swept across Asia. Even as the political status of Hong Kong was resolved during the years leading up to its return to Chinese sovereignty in 1997, fears about the strength of its financial sector increased, but these worries abated prior to the handover. Then the Asian financial crisis hit in 1997, the economy of Hong Kong shrank drastically, and the financial sector retrenched, raising anew the concern that the city’s rank as a financial centre rested on weak foundations. As financial activity expands, questions about the resilience of this recovery lurk behind many statements of financial officials and other observers.1

Suggested Citation

  • David R. Meyer, 2009. "Hong Kong’s Transformation as Financial Centre," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Catherine R. Schenk (ed.), Hong Kong SAR’s Monetary and Exchange Rate Challenges, chapter 8, pages 161-188, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-0-230-59474-6_8
    DOI: 10.1057/9780230594746_8
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:pmschp:978-0-230-59474-6_8. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.