HKMA Quarterly Bulletin (November 2001 Issue)

The Hong Kong Monetary Authority (HKMA) today (30 November) published the latest issue of its Quarterly Bulletin. This issue contains feature articles on:

• Cost-Benefit Analysis of Developing Debt Markets - discussing the rationale for developing the Hong Kong debt market from the perspectives of macroeconomic stability and microeconomic efficiency.
• Sources of Unemployment: Recent Developments and Prospects - examining two broad sources of unemployment in Hong Kong in recent years: the natural rate of unemployment and the cyclical condition of the economy.
• Turnover of Foreign Exchange and Derivatives Market in Hong Kong - highlighting detailed results of the global Triennial Survey of Foreign Exchange and Derivatives Market Activity, with analysis and country comparison.

The Bulletin also carries a Supervisor's Memo on large exposures and risk concentration policy, and regular articles on the banking and monetary environment during the third quarter of 2001.

The Quarterly Bulletin is on sale at the Government Publications Centre. It may also be ordered direct from the HKMA at HK$100 per copy. The full text of the Quarterly Bulletin is available on the HKMA website http://www.info.gov.hk/hkma/eng/public/index.htm.

For further enquiries, please contact:

Jasmin Fung, Manager (Press) at 2878 8246

Hong Kong Monetary Authority
30 November 2001