IDEAS home Printed from https://ideas.repec.org/p/hkm/wpaper/082006.html
   My bibliography  Save this paper

Dangerous Business Models: Bankers, Bureaucrats & Hong Kong¡¦s Economic Transformation, 1948-86

Author

Listed:
  • Leo F. Goodstadt

    (University of Dublin)

Abstract

This paper reviews the banking response to Hong Kong¡¦s industrial take-off in the 1950s and the transition to a service economy and regional financial centre in the 1970s. Adjustments to bank business models were frequently flawed, and bankers were prone to self-destructive behaviour. The paper examines how the Government contributed to this mismanagement and misconduct. It failed to match its regulatory policies to the changing economic environment, and it also misunderstood the monetary system. The analysis makes extensive use of previously unpublished data and government archives.

Suggested Citation

  • Leo F. Goodstadt, 2006. "Dangerous Business Models: Bankers, Bureaucrats & Hong Kong¡¦s Economic Transformation, 1948-86," Working Papers 082006, Hong Kong Institute for Monetary Research.
  • Handle: RePEc:hkm:wpaper:082006
    as

    Download full text from publisher

    File URL: http://www.hkimr.org/uploads/publication/208/ub_full_0_2_130_wp200608_text.pdf
    Download Restriction: no

    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:hkm:wpaper:082006. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (HKIMR). General contact details of provider: http://edirc.repec.org/data/hkimrhk.html .

    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 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.