Lui, Francis T.; Kwan, Yum K. - In: Revue d'Économie Financière 75 (2004) 2, pp. 153-178
[eng] Are currency boards effective ? The case of Hong Kong . Because Hong Kong leaved then adopted again a currency board arrangement, it allows analysing macroeconomic impacts of this exchange rate regime. Author's empirical tests show that the impacts of supply chocks are less strong than...