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  • November 25, 2014
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  1. Comment - Insight & Opinion - JAKE'S VIEW

    Why HK needs to be cautious about deposit guarantee

    Posted Aug 04th 2014, 03:14pm by Jake Van Der Kamp

    ... in October 2008, the beginning of a period of record strength for the currency's exchange rate. Some harbinger of crisis that. There were plenty of bargain hunters about and confidence would ... Jake van der Kamp When a government backs liabilities but gives crooks free rein over assets, it invites a crisis Depositors must be wary of Norman's guarantees At the onset ...

  2. 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) ...

  3. Joe's reserves theory is a head spinner and that's not speculation

    Posted Nov 24th 2005, 12:00am by Jake Van Der Kamp

    ... the pressure caused these currencies to collapse, sparking off the Asian financial crisis of 1997. Now, it is certainly true that the collapse could have been forestalled (for a period) if Asian ... with Jake van der Kamp 'They also pay little attention to the traumatic experience of the Asian financial crisis of 1997-98 and the natural inclination to build up ammunition, ...

  4. Speculation aside, full convertibility is more than five years away

    Posted Jul 28th 2005, 12:00am by Jake Van Der Kamp

    ... invite speculative attack and result in the yuan gyrating wildly as the currencies of so many Asian countries did in the 1997/98 financial crisis. 'There is more than US$800 billion to US$1 ... of Motorola held by a foreign custodian in his name with dividends and resale proceeds to be directed to any account he chooses, in any currency, anywhere in the world. That is what full ...

  5. Wen's remarks prime speculators for run-up to the leap forward

    Posted Mar 16th 2005, 12:00am by Jake Van Der Kamp

    ... but there is not likely to be much careful in the way that currency speculators will treat it. This is a red rag to their bull. When a senior politician hints at the end of a regime of rigged exchange rates, ... and redouble the impetus for an early revaluation. It will do no good for Mr Wen then to say that he had nothing immediate in mind. Currency speculators can wait. Some waited for years ahead ...

  6. More to HK$ buying than meets the eye

    Posted Sep 25th 2003, 12:00am by Jake Van Der Kamp

    ... crisis of 1997-98 (why play with a currency that is already in play?) but then swung into action in 1999 and during 16 months gradually moved the rate back to $7.80 and froze it there. Thus when ...

  7. Hedge funds spice up investments but may offer investors real value

    Posted Sep 12th 2005, 12:00am by Jake Van Der Kamp

    ... ignores their follies when they rig the exchange value of their currencies and never takes a short position against those currencies. They like the kind of fund manager who keeps a constant ... and his counterparts like to hark back to their troubles in the Asian financial crisis of 1997 and blame it all on the hedge funds. The fact, however, is these hedge funds did us a service ...

  8. Ministerial talkfest serves up another course of indigestible tripe

    Posted Sep 14th 2005, 12:00am by Jake Van Der Kamp

    ... the financial crisis of 1997. These surpluses have indeed been large. We shall leave Japan out of this as Japan already has a thriving local-currency bond market, but the rest of Asia, and particularly ... I can understand why Henry and his colleagues dream of thriving bond markets in the domestic currencies of their countries. It would make for easier financing of capital-intensive projects ...

  9. Temporary governor tells it like it isn't to Asia Minor gathering

    Posted May 10th 2005, 12:00am by Jake Van Der Kamp

    ... that they could rig their currencies against the US dollar. Did you tell those members of your audience in Istanbul who do not like this picture that they were only looking at themselves in a mirror? ... from you. Of course, the chart also shows a dip in intra-Asian exports in 1998. This, let us remember, was the result of an Asian financial crisis that arose largely because Asian finance ...

  10. Peg poses problem for prudent protector

    Posted Nov 14th 2003, 12:00am by Jake Van Der Kamp

    ... THE HONG KONG Monetary Authority faces a conundrum that you might think it should never have encountered under our currency board system: What is an appropriate level for the exchange rate ... It is the line many people have taken since the Hong Kong dollar's recent strength against its peg provided a reminder that the HKMA is obliged to intervene when our currency is weaker than the peg ...




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