IDEAS home Printed from https://ideas.repec.org/a/bla/ozechr/v43y2003i2p140-154.html
   My bibliography  Save this article

Banking crises and the evolution of the regulatory framework in Hong Kong 1945–1970

Author

Listed:
  • Catherine R. Schenk

Abstract

Hong Kong initially emerged relatively unscathed from the East Asian financial crisis of 1997–1998 and was able to defend the pegged exchange rate on which its status as an international financial centre depended. The soundness and transparency of the financial system is widely credited with allowing Hong Kong to avoid the worst excesses that brought down financial systems elsewhere. This article explores the evolution of the regulatory framework in the post‐war period, revealing the reluctance with which the state tightened its control over the banking system. This resulted in the combination of poor supervision and constraints on competition that contributed to further instability.

Suggested Citation

  • Catherine R. Schenk, 2003. "Banking crises and the evolution of the regulatory framework in Hong Kong 1945–1970," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 43(2), pages 140-154, July.
    • Handle: RePEc:bla:ozechr:v:43:y:2003:i:2:p:140-154
    DOI: 10.1111/1467-8446.t01-1-00047
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/1467-8446.t01-1-00047
    Download Restriction: no
    File URL: https://libkey.io/10.1111/1467-8446.t01-1-00047?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. David Cook, 2009. "Comment on "Hong Kong and Shanghai:Yesterday, Today and Tomorrow"," NBER Chapters, in: Financial Sector Development in the Pacific Rim, pages 37-42, National Bureau of Economic Research, Inc.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:ozechr:v:43:y:2003:i:2:p:140-154. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/oznzsea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.