John Greenwood

Pegging Hong Kong dollar against yuan 'could take years'

The peg to the US dollar has served Hong Kong for nearly 30 years, and replacing it with the yuan "could take many years"

The yuan will eventually be a feasible currency for Hong Kong to peg its dollar against, in place of the US dollar, said John Greenwood, known as the "father of the Hong Kong-dollar peg".

Tuesday, 30 April, 2013, 4:48am 7 comments

'Yuan's not fully global just yet'

Don't assume that offshore development of the yuan market is a sign that the currency is becoming internationalised, warns John Greenwood (pictured), the architect of Hong Kong's fixed exchange rate system.

26 Apr 2012 - 12:00am

Europe may spark chaos on Lehman scale

Europe's sovereign debt crisis has the potential to rock global financial markets on the scale of the collapse of Lehman Brothers in September 2008, says global investment firm Invesco.

21 Jan 2012 - 12:00am

The case for keeping Hong Kong's peg

There is a lot to be said for sitting around under trees contemplating matters. The Buddha achieved enlightenment meditating under a bo tree. Isaac Newton came up with his law of gravity sitting under an apple tree. And monetary economist John Greenwood devised Hong Kong's exchange rate link to the US dollar while lying under a coconut palm on the Micronesian island of Palau.

11 Dec 2007 - 12:00am

Peg without backbone is no peg at all

Economist John Greenwood, who was instrumental in setting up our currency board system, has an aversion to hearing it called 'the peg'. He refers to it as the linked exchange rate system.

Yesterday we had another good lesson in why he does not like the 'peg' word.

24 Feb 2001 - 12:00am