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Role of China Asset Inflation and the Asian Financial
The Currency Board System and the Asset Inflation
The Speculative Attacks on Hong Kongs Financial
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able accepting adjustment adopted advantage allowed amount announced appreciation arbitrage arrangement Asian asset inflation attack authority banks capital caused changes Chapter China choice competitiveness contribution correction costs crisis currency board system demand depreciation discussion domestic economy effect example exchange rate system expected explained export fact Financial Crisis firms fixed exchange rate flexibility force foreign exchange foreign reserves Fund further future greater growth hand hence higher HKMA Hong Kong dollar huge imply important increase industries interbank interest interest rate investment Kong's labour less liquidity loans loss lower major mean Meanwhile moderate monetary money supply monitoring band system NEER noted opening option output period post-crisis period pressure price and wage problem proposal reasonable recession reduce reform relative renminbi result rise risk selling severe shares Singapore dollar Singapore's sluggishness speculators substantial term turn unemployment volatility