All Questions
2 questions
4
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1
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420
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How can the HKMA peg the Hong Kong dollar at 7.8 HKD/USD for so long?
A lot of pegged exchange rate systems don't stay pegged for so long (e.g. because the central bank run out of reserves to maintain their values)
So far I understand that the HKD is 100% backed by the ...
2
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2
answers
551
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Why currency purchasing power is linked to confidence in central banks
From the New Statesman, http://www.newstatesman.com/politics/economy/2016/02/coming-storm,
"Ever since the collapse of the Bretton Woods system of pegged exchange rates in 1971, the sole guarantee ...
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