SOME MONETARY ISSUES IN HONG KONG
1.
Monetary Management
Pros and cons of having the ability to control/ influence:-
2..
i. The supply of money and credit
ii.
Interest rates
iii. Flows of funds into and out of Hong Kon
Banking Control
Do the provisions of the Banking Ordinance need to be widened/tightened?
3.
Monetary Institutions
Depending in part on the answers to 1 and 2, consideration of:-
i.
ii.
iii.
iv.
V.
vi.
The appropriateness of the Exchange Fund
The role of the Hong Kong Bank
Local currency issues/development of a money market
Lender of last resort facilities
The adequacy of monetary statistics
A Monetary Authority?