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  1. Few things riskier than a safe bet in currency markets

    Posted Jul 11th 2011, 12:00am

    ... crisis. Rather it has been driven largely by an increase in risk appetite among investors, who have used the US dollar as a funding currency to finance 'risk-on' investments elsewhere. ... last November, and say nothing is likely to change that in the near term. The other half will retort that, with the exception of the depths of the 2008-2009 financial crisis, Hong Kong stocks ...

  2. N Korea's currency reform backfires

    Posted Mar 09th 2010, 12:00am by Mark O'Neill

    ... Mark O'Neill North Korea's failed attempt to reform its currency has worsened shortages of food and other necessities, devalued its money and made it more reliant on China ... regime is in great danger. The reform has angered the ordinary people, who have hatred in their heart but do not dare to say it. They have lost faith in their currency.' At the end ...

  3. IMF eases stance on currency peg in HK

    Posted Jul 25th 2003, 12:00am by Staff Reporter

    ... Kong's currency peg to the US dollar in the light of changed economic circumstances. Increased international competition and a global economic downturn have led the fund, historically a strong supporter of the fixed exchange rate system, to conclude that a new approach to currency management is warranted. The IMF's view of the peg has changed due to the 'cyclical and structural ...

  4. Asian economies- and currencies- firing on all cylinders

    Posted Apr 26th 2006, 12:00am by Tom Holland

    ... during the Asian financial crisis. Other currencies are climbing, too. In the last two days, both the Malaysian ringgit and the Singapore dollar have touched post-crisis highs. The latest run-up ... have prompted airlines to slap weighty fuel surcharges on top of their standard ticket prices. Currencies around the region are rising in value against the US dollar- and also against the Hong ...

  5. Revaluation push gains currency

    Posted Sep 24th 2003, 12:00am by Staff Reporter

    ... Monday's sharp fall in Asian stock prices in response to calls for Asian economies to revalue their currencies highlights the region's dependence on external trade. Asian central banks have long intervened to manage currency appreciation pressure stemming from a development model that has relied on exporting at all costs. It has been a bargain for which developed ...

  6. 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 ...

  7. Support for single Asian currency is unrealistic

    Posted Apr 28th 2005, 12:00am by Staff Reporter

    ... Donald Tsang Yam-kuen's support for an Asian single currency is unrealistic ('Single currency would make Asia strong,' Sunday Morning Post, April 24). I doubt that the case for such a currency is 'overwhelming'. His arguments are based on this currency helping intra-Asian trade. This is valid, but surely monetary union is decades away. First, we need free trade ...

  8. Don't get in the way, it's a stampede for the exit

    Posted May 26th 2010, 12:00am by Tom Holland

    ... in their hands and ran for the exit. Unnerved by the deepening crisis in Europe and spooked by the flare-up in tensions on the Korean peninsula, investors cut back their long positions in Asian markets ... the Hang Seng Index has now fallen by more than 17 per cent from its post-crisis high reached last November. The H-share index is down 22 per cent (see the first chart). The pull-back among ...

  9. HKMA prepares consultation on bankers' pay

    Posted Oct 13th 2009, 12:00am by Staff Reporter

    ... it survived the Asian financial crisis in 1998. Arthur Yuen, an HKMA executive director, said Hong Kong was a member of the Financial Stability Board, an international group of financial supervisory ...

  10. Vietnam woes 'not likely' to trigger crisis

    Posted Jun 12th 2008, 12:00am by Staff Reporter

    ... Maria Chan The current volatility in Vietnam's financial markets and its inflation woes are not likely to trigger another Asian financial crisis, according to senior executives ... government has introduced measures including interest rate rises, a currency devaluation and lending restrictions to curb inflation, leading market observers to fear that the fragile economy could ...




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