How Hong Kong handled the crisis

yam hkma hong kong

Central Banking (CB): How do you assess the impact of what has become a truly global financial crisis on the world economy over the coming months and years?

Joseph Yam (JY): When you have the financial system of the world largest economies under considerable stress, to the point where it is not providing efficient and effective financial intermediation, you have to worry about the outlook for economic growth. I would also stress that the crisis goes beyond the financial system.

The sharp contrac

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: