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2012•East Asian PolicyRequires access

From Locodollar to Asianyuan: Hong Kong Dollar at a Crossroads

Victor Zheng, Roger Luk

Open publisher page 2 citations

Abstract

After re-pegging the Renminbi (RMB) from the US Dollar (USD) to a currency basket, the Hong Kong Dollar (HKD) is caught between the diverging Chinese and US economies. Disparity between the RMB and USD exchange rates and the HKD, and the disharmony of Chinese and US monetary policies towards Hong Kong have become increasingly acute. Hong Kong is at a crossroads. Should the HKD migrate from the dollar-zone to the renminbi-zone and realign with the national currency, and how? This paper analyses the mismatch and tries to answer the question.

About this research paper

What this paper is about

After re-pegging the Renminbi (RMB) from the US Dollar (USD) to a currency basket, the Hong Kong Dollar (HKD) is caught between the diverging Chinese and US economies. Disparity between the RMB and USD exchange rates and the HKD, and the disharmony of Chinese and US monetary policies towards Hong Kong have become increasingly acute. Hong Kong is at a crossroads. Should the HKD migrate from the dollar-zone to the renminbi-zone and realign with the national currency, and how? This paper analyses the mismatch and tries to answer the question.

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OpenAlex reports 2 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

After re-pegging the Renminbi (RMB) from the US Dollar (USD) to a currency basket, the Hong Kong Dollar (HKD) is caught between the diverging Chinese and US economies. Disparity between the RMB and USD exchange rates and the HKD, and the disharmony of Chinese and US monetary policies towards Hong Kong have become increasingly acute. Hong Kong is at a crossroads. Should the HKD migrate from the dollar-zone to the renminbi-zone and realign with the national currency, and how? This paper analyses the mismatch and tries to answer the question.

Key concepts: Renminbi, Liberian dollar, Currency, Us dollar, Business, China, International economics, Exchange rate

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