A survey of exchange rate systems with focus on currency boards and on Hong Kong's experience in particular

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Publication Type honors thesis
School or College David Eccles School of Business
Department Finance
Faculty Mentor Hendrik Bessembinder
Creator Chan, Ka Ho
Title A survey of exchange rate systems with focus on currency boards and on Hong Kong's experience in particular
Year graduated 2014
Date 2014-05
Description The choice of an exchange rate regime can make or break a regional economy. While a stable currency is useful to businesses, exchange rate flexibility also has its proponents. This thesis will first describe a brief history of exchange rate systems. Then, it will provide a survey and analysis of the benefits and drawbacks of different exchange rate systems. I will focus in particular on currency board arrangements. Some of them experience remarkable success, while others fail. The factors that contribute to the success of a currency board arrangement will be investigated. I will consider in particular the experience of Hong Kong, which has a mature experience in having a currency board to maintain a linked exchange rate system and stabilize its currency. This thesis studies Hong Kong's linked exchange rate system and discusses whether the system will continue to be optimal for Hong Kong. Finally, I will discuss the feasibility of alternative exchange rate systems in Hong Kong.
Type Text
Publisher University of Utah
Subject Foreign exchange rates - China - Hong Kong; Currency boards - China - Hong Kong
Language eng
Rights Management (c) Ka Ho Chan
Format Medium application/pdf
Format Extent 1,899,189 bytes
Permissions Reference URL https://collections.lib.utah.edu/details?id=1251522
ARK ark:/87278/s6f227zf
Setname ir_htoa
Date Created 2016-11-01
Date Modified 2019-07-10
ID 205870
Reference URL https://collections.lib.utah.edu/ark:/87278/s6f227zf
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