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Intervention to Save Hong Kong: Counter-Speculation in Financial Markets

Prof. Charles Goodhart, Dai Lu




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 | #4009455 in eBooks |  2003-07-24 |  2003-07-24 | File type: PDF

||0 of 0 people found the following review helpful.| We learn from History|By Kun Li (Lincoln)|A great book to know what happened during the last two weeks of August in 1998 and is a good guide to trading opportunities when the HKD under crisis again, which I believe is not very far...|About the Author||Charles Goodhart worked at the Bank of England as Monetary Adviser, 1968-85. While there, he advised on Hong Kong's link with the dollar in 1983, and subsequently served on the Exchange Fund Advisory Board in Hong Kong until 1997. Since 1985 he

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 to batter asset markets;...

You easily download any file type for your gadget.Intervention to Save Hong Kong: Counter-Speculation in Financial Markets   |  Prof. Charles Goodhart, Dai Lu. I was recommended this book by a dear friend of mine.

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