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  1. Little HK can do to slow inflows of hot money

    Posted Oct 26th 2009, 12:00am by Tom Holland

    ... And Thailand's attempts to control inflows in 2006 and 2007 were a dismal failure. But Asian governments may see capital controls as a more attractive option than letting local currencies rise on the tide of inflows. Currency appreciation might draw even more hot money from investors looking to capture foreign exchange gains, exacerbating the original problem. And Asian governments ...

  2. 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 ...

  3. Ma outlines HK's economic strategy to Apec summit

    Posted Sep 03rd 2004, 12:00am by Andy Chen

    ... currency crisis after another in emerging market economies,' Mr Ma said. 'These crises were preceded by large private capital outflows and triggered by sudden shifts in market sentiment, ... to maturity and currency mismatches, the factors identified as the major causes for the Asian financial crisis,' he added. ...

  4. Watching out for the big one

    Posted Mar 29th 2007, 12:00am by Tom Plate

    ... currencies. The regional currency crisis swept from east to west, until it started lapping at the shores of the US- at which point, and only at this point, did Washington forcefully intervene. ... disorder: ever since the summer of 1997, when the Thai baht almost went bankrupt, he slides into depression whenever there's news of an Asian currency in trouble. This stress disorder, he said, ...

  5. Pity poor Singapore for a pleasant change

    Posted Mar 25th 2008, 12:00am by Tom Holland

    ... inflation rate climbing as high as 13 per cent in the early 1990s before plunging as low as minus 6 per cent in 1999 as the city struggled to adjust to the Asian currency crisis of the previous ... main policy aim and chained its currency to the US dollar, many economists thought that Singapore had been smarter. Instead of pegging to a single anchor currency, Singapore chose to manage its ...

  6. Asia's reserves are fine where they are

    Posted Jul 19th 2007, 12:00am by Tom Holland

    ... in Sydney, Reserve Bank of Australia governor Glen Stevens criticised Asian governments for their massive accumulation of foreign exchange reserves. Since the regional currency crisis 10 years ago, ... currencies, which would cause massive appreciation, undermining manufacturing competitiveness and pricing farmers out of their own markets. The investment would hurt the very people it was intended ...

  7. Typhoon season on the way for fragile Asian economies

    Posted Aug 05th 2005, 12:00am by Tom Holland

    ... Tom Holland Financial crises come along every three or four years. Just look back over the past 10. There was the Mexican 'tequila' crisis of 1994 and 1995, the Asian currency crisis of 1997 and 1998, and, of course, the tech stock crash of 2000 and 2001. '[Now], we are overdue for another,' warns Gail Fosler, chief economist at New York-based business ...

  8. China risks crisis if Beijing cannot control credit growth

    Posted Nov 22nd 2010, 12:00am by Tom Holland

    ... to approach 20 per cent. True, with its wide current account surplus and US$2.6 trillion in foreign reserves, China is not going to suffer a currency crisis like Thailand in 1997. ... throughout modern history can be viewed as credit booms gone wrong'. What's more, they argued that sharp expansions in credit are a reliable indicator of a destructive financial crisis ...

  9. Disaster watch

    Posted Apr 14th 2011, 12:00am

    ... Staff writer The following is the latest news in Japan's triple disaster: Car giant Toyota says it will stop production at five European plants for eight days because of a shortage of parts that should come from Japan. Japan's economy has been downgraded as it takes the crisis into account. Many Asian currencies are losing value, including the yen, Indonesian rupiah, ...

  10. Carry on, Joseph, and our dollar will become nothing but carrion

    Posted Oct 27th 2004, 12:00am by Jake Van Der Kamp

    ... in the Asian currency crisis of 1997 because the currencies on which they fed were distinctly unhealthy. Those currencies had been rigged by central bankers. It does not matter that the countries ... remedies are required, in this case a tentative proposal by Mr Yam for Asian currency union. But, whatever form the favoured remedy takes, what it always entails is more jobs and a bigger role ...




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