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Hong Kong

In: Trauma to Triumph Rising from the Ashes of the Asian Financial Crisis

Author

Listed:
  • Hoe Ee Khor
  • Diwa C. Guinigundo
  • Masahiro Kawai

Abstract

Hong Kong was the quintessential example of how a fundamentally sound economy could have been brought to its knees through speculative attacks on its currency and stock markets. Ironically, it was the sophistication of Hong Kong's financial markets that gave speculators an array of means to attack the system. Through adroit responses, however, policymakers beat the speculators at their own game. Not only that, the operations resulted in a windfall for government coffers and a long-term investment product for Hong Kong residents.

Suggested Citation

  • Hoe Ee Khor & Diwa C. Guinigundo & Masahiro Kawai, 2022. "Hong Kong," World Scientific Book Chapters, in: Hoe Ee Khor & Diwa C Guinigundo & Masahiro Kawai (ed.), Trauma to Triumph Rising from the Ashes of the Asian Financial Crisis, chapter 8, pages 139-150, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811253560_0008
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    More about this item

    Keywords

    ASEAN+3; Asian Financial Crisis; Global Financial Crisis;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F3 - International Economics - - International Finance

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