A sustainable currency regime for Hong Kong and the mainland

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Joseph Stiglitz observed during a recent public lecture in Hong Kong that the world is badly in need of a new reserve asset. This chapter follows up this idea and argues that China is in a unique position to contribute to the world by coming up with a new exchange rate arrangement involving just such a new reserve asset.
Original languageEnglish
Title of host publicationChina, Hong Kong and the world economy: Studies on globalization
PublisherPalgrave Macmillan
Number of pages18
ISBN (Print)9781403987426
Publication statusPublished - 1 Jan 2006

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