via The Conversation | One important pillar of Hong Kong’s economy remains unchanged and outside of Chinese government control – its currency, which is pegged to the US dollar via a currency board. This could have significant benefits for the city as it tries to deal with pressing socioeconomic challenges. But this also requires more public spending from the special administrative region’s government.
Hong Kong currency
BEIJING | Alberto Lebrón | When the Asian crisis began in 1997, there were some countries which thought they were unjustly treated. For example, South Korea. Today, nearly twenty years on, the same pattern is being repeated, although the principal actors involved are much better prepared than they were then. But, are the Asian countries ready to face a restrictive monetary cyle imposed by the U.S.?