Hong Kong

Hoe Ee Khor, Diwa C. Guinigundo and Masahiro Kawai ()

Chapter 8 in Trauma to Triumph:Rising from the Ashes of the Asian Financial Crisis, 2022, pp 139-150 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Hong Kong was the quintessential example of how a fundamentally sound economy could have been brought to its knees through speculative attacks on its currency and stock markets. Ironically, it was the sophistication of Hong Kong's financial markets that gave speculators an array of means to attack the system. Through adroit responses, however, policymakers beat the speculators at their own game. Not only that, the operations resulted in a windfall for government coffers and a long-term investment product for Hong Kong residents.

Keywords: ASEAN+3; Asian Financial Crisis; Global Financial Crisis (search for similar items in EconPapers)
JEL-codes: F02 F3 G01 (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.worldscientific.com/doi/pdf/10.1142/9789811253560_0008 (application/pdf)
https://www.worldscientific.com/doi/abs/10.1142/9789811253560_0008 (text/html)
Ebook Access is available upon purchase.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:wschap:9789811253560_0008

Ordering information: This item can be ordered from

Access Statistics for this chapter

More chapters in World Scientific Book Chapters from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().