Central Banking

HKMA Joseph Yam updates his cyberfable

HONG KONG - In March 2000, Joseph Yam, chief executive of the Hong Kong Monetary Authority, presented the first part of his popular internet story. In his weekly viewpoint column published on the HKMA website today, Yam brings up to date with his cyberfable with a second installment. We first present his article from March 2000, followed by March 2001 update.


By HKMA chief executive Joseph Yam, March 2000

Three lazy Guards of Heaven were caught taking a nap while on duty. As punis

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