Organized by the University of Hong Kong's School of Economics and Finance, a lecture titled The Future of the Hong Kong Dollar as China Internationalizes the RMB is set for 5:30 p.m. on October 20. It features INVESCO chief economist Dr John Greenwood in HKU's Rayson Huang Theatre.

The session will shed light on fixed, managed and floating currency regimes for large economies versus small, open economies, Hong Kong's experience of fixed and floating exchange rates and the problems with managed exchange rates and trade-weighted or other baskets. Greenwood also will discuss the implications of China's growth and liberalization for Hong Kong currency, cyclical issues and long-term prospects.

As editor of the Asian Monetary Monitor, Greenwood proposed a currency-board scheme to stabilize the Hong Kong dollar in 1983 that remains in operation. A former economic adviser to the Hong Kong government, he has been a member since 1998 of the Hong Kong Monetary Authority's committee on currency board operations.

Mabel Fung
Communications, Faculty of Business and Economics
University of Hong Kong

(October 19, 2010)


Hong Kong coins: what future for the currency?

ARCHIVES