Abstract
The main purpose of this chapter is to assess the impact of the transition to Chinese sovereignty upon the ability of the Hong Kong government to exercise effective control over its economy. It will compare the ways in which the authorities handled the currency crisis of 1983 and the stock exchange crisis of 1987, when Hong Kong was a British colony, and the financial crises of autumn 1997 and 1998, when it had become a Special Administrative Region of China.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Bibliography
Asian Wall Street Journal, various.
Enright, M. J., Scott, E. E., Dodwell, D. 1997 The Hong Kong Advantage. Oxford: Oxford University Press. Far Eastern Economic Review, various. Financial Times, various.
Hanke, S. H. 1997 ‘The Solution: Autopilot for Hong Kong’. Asian Wall Street Journal, 30 November, p 8.
Ho, R. Y.-K. (ed.) 1991 The Hong Kong Financial System. Oxford: Oxford University Press. Hong Kong Monthly Digest of Statistics, various.
Hong Kong Monetary Authority (HKMA) 1995 Money and Banking in Hong Kong. Hong Kong: HKMA.
Hong Kong Monetary Authority (HKMA) Quarterly Bulletin, various.
Hong Kong Monetary Authority (HKMA) 1998 Review of Currency Board Arrangements in Hong Kong. Hong Kong: HKMA.
Huang Guobo 1996 ‘The Linked Exchange Rate and Macroeconomic Policy’, in Mole, D. (ed.) Managing the New Hong Kong Economy. Oxford: Oxford University Press.
International Monetary Fund 1999 International Financial Statistics. Washington: IMF, April.
International Herald Tribune, various.
Lui, Y. H. 1991 ‘Money and Capital Markets’, in Ho, R. Y.-K. (ed.) The Hong Kong Financial System. Oxford: Oxford University Press.
South China Morning Post, various.
Sung Yun-wing 1998 Hong Kong and South China: the Economic Synergy. Hong Kong: City University of Hong Kong Press.
Yam, J. 1998a ‘The Hong Kong Dollar Link’. Speech in Tokyo, 3 March 1998, from http://www.info.gov.hk/hkma/pub/speeches/y980303e.htm.
Yam, J. 1998b ‘Coping with Financial Turmoil’. Speech in Sydney, 23 November 1998, from http://www.info.gov.hk/hkma/pub/speeches/y981123e.htm
Editor information
Editors and Affiliations
Copyright information
© 2000 Peter Ferdinand
About this chapter
Cite this chapter
Ferdinand, P. (2000). Hong Kong, China and the Handling of the Financial Crises: Monetary Management in 1983, 1987, 1997 and 1998. In: Ash, R., Ferdinand, P., Hook, B., Porter, R. (eds) Hong Kong in Transition. Palgrave Macmillan, London. https://doi.org/10.1057/9780333977262_3
Download citation
DOI: https://doi.org/10.1057/9780333977262_3
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-41573-1
Online ISBN: 978-0-333-97726-2
eBook Packages: Palgrave Political & Intern. Studies CollectionPolitical Science and International Studies (R0)