Hong Kong SAR Monetary and Exchange Rate Challenges: Historical Perspectives (Palgrave Macmillan Studies in Banking and Financial Institutions)

Hong Kong SAR is now highly unusual as a large economy running a currency board system that pegs the Hong Kong Dollar to the US Dollar. This volume explores the origins and persistence of this system, presenting the viewpoint of several of the main protagonists in the operation of the currency board since 1983 as well as new research by academics.