China : Hong Kong Special Administrative Region Recent Economic Developments.
This paper reviews economic developments in Hong Kong Special Administrative Region during 1997-98. The paper highlights that beginning in mid-1997, the regional crisis began to erode confidence in Hong Kong's exchange rate and prompted a series of speculative attacks. Pressures on the exchange...
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| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
1998.
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| Series: | IMF Staff Country Reports; Country Report ;
No. 1998/041 |
| Online Access: | Full text available on IMF |
| Summary: | This paper reviews economic developments in Hong Kong Special Administrative Region during 1997-98. The paper highlights that beginning in mid-1997, the regional crisis began to erode confidence in Hong Kong's exchange rate and prompted a series of speculative attacks. Pressures on the exchange rate led to sharply higher interest rates, weakened domestic demand, and clouded growth prospects for 1998. The paper provides an update on the transition issues since the transfer of sovereignty on July 1, 1997. Cyclical developments and trends in domestic and external demand and the property market are also analyzed. |
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| Item Description: | <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required |
| Physical Description: | 1 online resource (92 pages) |
| Format: | Mode of access: Internet |
| ISSN: | 1934-7685 |
| Access: | Electronic access restricted to authorized BRAC University faculty, staff and students |