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Channel: The Center of the Universe » Hong Kong
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Bloomberg: Bank run in HK

[Skip to the end] This happens all the time with fixed exchange rates and currency boards. The only way for banks to get ‘real’ (convertible) $HK for their depositors is to buy them from the monetary...

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Hong Kong and deflation

[Skip to the end] The Hong Kong currency board arrangement means net Hong Kong financial assets (AKA money supply) can grow only via net exports (and/or external debt). This means market forces work...

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Hong Kong currency board reserves at risk

[Skip to the end] Hong Kong’s currency board arrangement requires net exports to fund domestic net financial assets (‘money supply’) needs that other nations get ‘free’ from their deficit spending....

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