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Mole, David: Introduction. Wong, Teresa Y. C.: Going up-market. An industrial policy for Hong Kong in the 1990s. Tang Shu-hung: Reforming Hong Kong's fiscal system. Huang Guobo: The linked exchange rate and macroeconomic policy. Ho Lok Sang: Labour market in a changing political economy. Shui,...
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This paper employs a version of the error correction model to investigate the demand for international reserves in a typical planned economy, China. Disturbances from the domestic markets are considered by incorporating the monetary disequilibrium into the model. The authors' main conclusions...
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