Journal Call no. | HC411.A76 |
---|
Author | Sprague, Jonathan. |
---|
Article Title | The cost of a pegged dollar : it will be painful, but there is a silver lining / Jonathan Sprague. |
---|
Is Part Of | Asiaweek ; v.23, no.44, 7 Nov 1997, p.59, +1p., illus. |
---|
Abstract | Hong Kong shook the world when its stock market crashed 30% in just seven trading days in October 1997. The government has vowed to defend the peg, the Hong Kong dollar's 14-year-old link to the U.S. dollar at HK$7.80 to $1. The article features the setting up of the peg and its pros and cons to Hong Kong. |
---|