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...

This book provides a comphrehensive and up-to-date descriptions of the financial system of Hong Kong, a system which has undergone immense changes in recent years.