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  1. Who's bluffing?

    Posted Nov 07th 2003, 12:00am by Staff Reporter

    ... with interest rates rocketing as we saw in the last Asian currency crisis. But this time it would be on a global scale. China would suffer relatively less because it is largely insulated from the world ... dollar confidence crisis would develop within months, generating a sharp hike in interest rates as the administration was forced to defend the dollar. This would trigger a vicious cycle as the US ...

  2. Asia's cash hoarders show crisis mindset

    Posted Oct 29th 2003, 12:00am by Jake Van Der Kamp

    ... their currencies, which had generally been rigged at artificially strong levels. That attempt inevitably failed, of course, and the result was the Asian financial crisis of 1997-98. Now they are doing ... a doubling in five years. You could ordinarily expect this in the fallout of the 1997/98 crisis. In currency crises you tend to see domestic investment decline and the income from the current account ...

  3. Outlook positive for Asian equities

    Posted Nov 05th 2003, 12:00am by Staff Reporter

    ... a recovery in the global job market or a currency crisis, it said. Mr Tiggelen admitted it was difficult to see how equity markets could perform as well next year as they had this year, as they would ...

  4. Why more dissent means better policies

    Posted Dec 09th 2003, 12:00am by Tony Latter

    ... supporters, but also- most importantly- those likely to challenge orthodoxy. I am reminded that Hong Kong's worst-ever currency crisis, in 1983, might have been resolved sooner, or even averted, ...

  5. Tung wins backing of state leaders

    Posted Jul 20th 2003, 12:00am by Ambrose Leung, Josephine Ma

    ... and the economy. 'Mr Tung has worked hard for Hong Kong and the country with a strong sense of mission and responsibility, led the SAR ... to face the shock brought by the Asian currency crisis ... it has absolute confidence in his ability to see Hong Kong through its political crisis. In a powerful show of solidarity, state leaders lined up to meet Mr Tung yesterday and took steps ...

  6. Riders of the storm

    Posted Nov 08th 2003, 12:00am by Joseph Lo

    ... Air travel has been buffeted by disasters from the currency crisis to terrorist strikes to Sars. But Asia is geared to see off the challenges, airline boss Geoff Dixon tells Joseph Lo Over ... and its closely related tourism sector stand on shaky ground. Over the past two years, the airline and tourism industries have emerged from one near-catastrophic crisis, only to be plunged ...

  7. Rescue by devaluation

    Posted Jul 22nd 2003, 12:00am by Staff Reporter

    ... of government. The morass Hong Kong has fallen into began with the Asian economic crisis of 1998. The decision to defend the currency by then-financial secretary Donald Tsang Yam-kuen and Joseph Yam ... their currencies to fall became competitive and are booming again. The government must devalue the currency. The case is more compelling than ever. This would provide Hong Kong with a dramatic boost ...

  8. On the up, but price falls not over yet

    Posted Sep 25th 2003, 12:00am by Gary Cheung, Kelvin Chan

    ... and speculators had been scrambling to reverse the short positions on the local currency they took during the Sars crisis, when they bet the Hong Kong dollar would weaken. Now they were selling US dollars ... The strengthening currency and a stock market surge should not be taken as signs deflation is ending, say analysts Economy-watchers are noting some tantalising trends: property prices have ...

  9. Trojan Horse argument falls at first fence

    Posted Sep 26th 2003, 12:00am by Jake Van Der Kamp

    ... of thinking that China, a country which did not devalue its currency in the Asian financial crisis six years ago, was the one that subsequently scooped the rest of Asia on share of exports from ... myself were it not that Bloomberg sponsors these opinions and carries them round the world. Mr Pesek's theme in his latest column (Hong Kong Is Trojan Horse for China Currency, September 24) ...

  10. Institution's stale notes have no currency

    Posted Nov 12th 2003, 12:00am by Jake Van Der Kamp

    ... the market establish the currency's exchange rate. But if it wants to control both it is asking for eventual trouble, the sort of trouble that led to the financial crisis in 1997. This column ... Jake van der Kamp jakeva@scmp.com THE ASIAN DEVELOPMENT Bank has just published a big study on currency co-operation in Asia, one that tells me it is time for Hong Kong to distance itself ...




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