Since 2014
An Analysis of the Impact of RMB Depreciation on Hong Kong
Journal of Economics Bibliography
View Archive Info| Field | Value | |
| Title |
An Analysis of the Impact of RMB Depreciation on Hong Kong
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| Creator |
LI, Richard Ziyuan; The Johns Hopkins University in Baltimore, pursuing a master’s degree in Financial Mathematics
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| Subject |
RMB; China; Hong Kong; Asian financial crisis; FDI; Trade; Tourism; Retail sales.
E39; O53. |
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| Description |
Abstract. Hong Kong is one of the main economies operating a currency board system today. With its currency fixed to the U.S. dollar, the system has functioned successfully since it was restarted in 1983. The last time it faced severe challenges was during the East Asian financial crisis of 1997-98. However, with the comparatively large depreciation of renminbi (RMB, and sometimes referred to as Yuan) during the past two years, a rising question is how Hong Kong might be affected by a possible future crisis originating from China. In this paper, we examine the impact of RMB depreciation on Hong Kong, with a focus on three sectors of Hong Kong’s economy: foreign direct investment, external trade, and tourism.Keywords. RMB, China, Hong Kong, Asian financial crisis, FDI, Trade, Tourism, Retail sales.JEL. E39, O53.
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| Publisher |
Journal of Economics Bibliography
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| Contributor |
—
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| Date |
2019-12-30
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://www.kspjournals.org/index.php/JEB/article/view/1967
10.1453/jeb.v6i4.1967 |
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| Source |
Journal of Economics Bibliography; Vol 6, No 4 (2019): December; 375-403
2149-2387 |
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| Language |
eng
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| Relation |
http://www.kspjournals.org/index.php/JEB/article/view/1967/2024
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| Rights |
Copyright (c) 2020 Journal of Economics Bibliography
http://creativecommons.org/licenses/by-nc/4.0 |
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