Hong Kong SAR is now highly unusual as a large economy running a currency board system that pegs the Hong Kong Dollar to the US Dollar. This volume explores the

This is a Pageburst digital textbook; the product description may vary from the print textbook. User-friendly and comprehensive, this essential resource covers

China’s exchange rate regime has undergone gradual reform since the move away from a fixed exchange rate in 2005. The renminbi has become more flexible over t

The question of how India should adapt monetary policy to ongoing financial globalization has gained prominence with the recent surge in capital inflows. This p

The historical response to bank crises has always been more regulation. A pattern emerges that some may find surprising: regulation often contributes to bank in