Hong Kong's Link to the US Dollar - Origins and Evolution

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A great book describing how Hong Kong surmounted the great currency crisis of 1982-83, and then rationalizes why and how the Hong Kong Monetary Authority subsequently evolved from a pure currency board to a near central bank. The definitive historical record by the most consummately influential outsider. - - Ronald I. McKinnon, William D. Eberle Professor of International Economics, Stanford University. John Greenwood OBE is Chief Economist of INVESCO plc and a member of the Shadow Monetary Policy Committee in England.