MARC Record from marc_columbia

LEADER: 02751mam a22003374a 4500
001 3064977
005 20221019211334.0
008 000921s2001 ctua b 001 0 eng
010 $a 00045849
020 $a1567204473 (alk. paper)
035 $a(OCoLC)ocm45102873
035 $9ATN6952CU
035 $a3064977
040 $aDLC$cDLC$dC#P$dOrLoB-B
042 $apcc
043 $aa-hk---$aa------
050 00 $aHG187.H85$bJ348 2001
082 00 $a330.95125/06$221
100 1 $aJao, Y. C.$0http://id.loc.gov/authorities/names/n81089758
245 14 $aThe Asian financial crisis and the ordeal of Hong Kong /$cY.C. Jao.
260 $aWestport, Conn. :$bQuorum Books,$c2001.
300 $axv, 227 pages :$billustrations ;$c25 cm
336 $atext$btxt$2rdacontent
337 $aunmediated$bn$2rdamedia
504 $aIncludes bibliographical references (p. [217]-222) and index.
505 00 $gPt. 1.$tThe Asian Financial Crisis.$gCh. 1.$tThe Outbreak and Consequences of the Asian Financial Crisis.$gCh. 2.$tThe Nature and Causes of the Asian Financial Crisis --$gPt. II.$tThe Impact on Hong Kong.$gCh. 3.$tHong Kong on the Eve of the Asian Financial Crisis.$gCh. 4.$tSpeculation Against the Hong Kong Dollar.$gCh. 5.$tImpact on the Asset Markets.$gCh. 6.$tImpact on the Financial Sector.$gCh. 7.$tImpact on the Real Economy --$gPt. III.$tTwo Puzzles.$gCh. 8.$tWhy Was Hong Kong's Economic Downturn So Severe?$gCh. 9.$tWhy Was Hong Kong a Laggard in Economic Recovery? --$gPt. IV.$tThe Role of China.$gCh. 10.$tHong Kong's Money and Finance Under Chinese Sovereignty.$gCh. 11.$tChina and the Asian Financial Crisis --$gPt. V.$tEpilogue.$gCh. 12.$tLessons and Reflections.
520 1 $a"Victim, not instigator of the Asian Financial Crisis, Hong Kong was the only economy that succeeded in defending its fully convertible currency, indeed its entire financial system, against speculators, but the price paid for success has been deep recession. Jao gives an account and analysis of what happened to one of the world's most open economies during that world-roiling event.
520 8 $aWithout political or ideological preconsiderations, he shows how Hong Kong authorities handled their intervention in the equity market in August 1998. He explains the conventional wisdom that no fixed exchange rate regime can hold out for long against massive speculation. He goes further to show that Hong Kong contributed not only to the eventual easing of the AFC, but to economic stability throughout Asia as well."--BOOK JACKET.
650 0 $aFinance$zChina$zHong Kong.$0http://id.loc.gov/authorities/subjects/sh2009124272
650 0 $aFinancial crises$zAsia.$0http://id.loc.gov/authorities/subjects/sh2008103790
852 00 $boff,bus$hHG187.H85$iJ348 2001