Monetary Management in Hong Kong

October 1993

The Hong Kong Monetary Authorty organised a seminar on monetary management on 18-19 October 1993. The seminar was addressed by leading experts from the world-wide and attracted a capacity audience of well over 300 economists and professionals from the financial sector. It covered a good range of subjects - different approaches to monetary management, Hong Kong's role as a financial centre in the region, and the HKMA's contribution to, and relationship with, financial and economic developments in China. This publication contains the valuable speeches given by the speakers during the seminar.

Available in English edition
Copy available for reading at the HKMA Information Centre

Preface

Welcoming Address
Sir Hamish Macleod
The Role of Monetary Management in an Economy
Professor Charles Goodhart
The Global Monetary Environment
David Peretz
The Currency Board Approach to Monetary Policy
Anthony Latter
Do We Need Central Banks?
Professor Milton Friedman
Monetary Developments in Hong Kong
Joseph Yam
Monetary Management in Hong Kong: The Role of The Hongkong and Shanghai Banking Corporation Limited
John Gray
Monetary Developments in China and Monetary Relations with Hong Kong
Chen Yuan
On the Choice of a Banking System for China
Professor Steven N.S. Cheung
Hong Kong in a Regional Perspective
Anthony Nicolle
Panel Discussion
1. Monetary Management: Theory and Practice since 1983
  John G. Greenwood
2. Monetary Management: Theory and Practice
  Dr Y. C. Jao
3. Non-monetary Economic Adjustments under the Linked Exchange Rate System
  Dr Y. C. Richard Wong

Last revision date : 01 August 2011

Monetary Management in Hong Kong

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