MONEY AND BANKING IN HONG KONG - VOLUME TWO

September 1997

Money and Banking in Hong Kong - Volume Two contains a compilation of articles about the work and policies of the Hong Kong Monetary Authority (HKMA). The HKMA endeavours to explain the operation of Hong Kong's monetary and banking systems, with particular emphasis on topical regulatory challenges, such as cyber-banking, the Year 2000 problem and derivatives trading.

  Money and Banking in Hong Kong (Volume Two)
  • Available in English edition
  • Price:
 HK$120 (local including postage)
US$28 (overseas including postage)
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Table of contents

Preface

Section 1 Regional and International Monetary Issues

  • Asian Monetary Co-operation

  • Hong Kong and Japan in East Asian Finance

  • The New Asian Drama: Monetary Co-operation in Asia

Section 2 Monetary Policy

  • The Linked Exchange Rate System: Review and Prospects
  • Monetary Affairs in Hong Kong: Recent Developments and Outlook
  • Reference Rate for Liquidity Adjustment Facility Rates
  • The Dollar Link: Is the Peg Sustainable?

Section 3 Reserves Management

  • Use of External Managers in Central Bank Reserves Management
  • Investment Management of the Exchange Fund
  • Seasonality in the Exchange Fund

Section 4 Banking Policy and Supervision

  • Regulatory Aspects of Product Innovation in Banking - The Hong Kong Perspective
  • Cyber-Banking and its Implications for Hong Kong
  • Self-Regulation through the Code of Banking Practice
  • The Year 2000 Problem
  • Derivatives Trading and Stability of Banking System

Section 5 Market Development and Infrastructure

 

  • Hong Kong's Real Time Gross Settlement System
  • Establishment of a Mortgage Corporation in Hong Kong
  • Development of the Debt Market

Section 6 Monetary Arrangements through 1997

  • Monetary Relations between China and Hong Kong
  • Hong Kong Monetary Affairs: Policy Issues

 

 

 

 

 

 

 

 

 
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