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Offshore use of currency: Hong Kong’s experience

By Wensheng Peng and Joanna Y L Shi

Abstract

This paper discusses a number of issues related to the circulation of Hong Kong dollars (HKD) outside Hong Kong. These include potential benefits and concerns for Hong Kong, and factors contributing to the external demand for HKD. The paper also provides empirical estimates of the likely holdings of HKD outside Hong Kong. Our estimates suggest that some 15-25 % of the total outstanding stock o

Year: 2013
OAI identifier: oai:CiteSeerX.psu:10.1.1.352.8019
Provided by: CiteSeerX
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