Intervention to Save Hong Kong: Counter-Speculation in Financial Markets
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By August 1998, the Hong Kong economy had become threatened not only by the natural consequences of the Asian crisis (1997-98), but also by waves of speculation, betting that the authorities would be forced to abandon the linked exchange rate (to the US dollar). When facing previous speculative attacks (starting October 1997), the authorities had followed traditional policies of raising interest rates. But by August 1998, such policies had helped...
Format:Hardcover
Language:English
ISBN:0199261105
ISBN13:9780199261109
Release Date:July 2003
Publisher:Oxford University Press, USA
Length:224 Pages
Weight:1.00 lbs.
Dimensions:0.7" x 6.1" x 9.5"
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