{"title":"Pegged Exchange Rate Systems in Macau and Hong Kong","authors":"R. Scott","doi":"10.17578/1-2-5","DOIUrl":null,"url":null,"abstract":"Macau pegs its currency, the pataca, to the Hong Kong dollar, which in turn is pegged to the U.S. dollar. This type of pegging order is unique in the annals of international financial arrangements. This article analyzes the structure of the pegged exchange rate systems in Macau and Hong Kong and discusses the financial and economic implications of these systems for the two territories.","PeriodicalId":445453,"journal":{"name":"ERN: Other Econometric Modeling: International Financial Markets - Foreign Exchange (Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"1997-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"6","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"ERN: Other Econometric Modeling: International Financial Markets - Foreign Exchange (Topic)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.17578/1-2-5","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 6
Abstract
Macau pegs its currency, the pataca, to the Hong Kong dollar, which in turn is pegged to the U.S. dollar. This type of pegging order is unique in the annals of international financial arrangements. This article analyzes the structure of the pegged exchange rate systems in Macau and Hong Kong and discusses the financial and economic implications of these systems for the two territories.
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