Intervention to Save Hong Kong

Download or read book Intervention to Save Hong Kong written by Charles Albert Eric Goodhart and published by Oxford University Press, USA. This book was released on 2003 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hong Kong asset markets were attacked by waves of speculation in 1997/8 and the economy was almost battered into submission. But the Hong Kong authorities fought back with an unconventional policy of counter-speculation in August 1998. The resulting conflict in asset markets was massive. Written from a position of detailed knowledge of events, the book combines lively analytical narrative, empirical records and theory. It provides a fascinating story in itself and insights into what lessons academics and practitioners can learn from the turbulent events of the time.