The Adequacy of Hong Kong's Foreign Reserves

HONG KONG - Experience suggests that Hong Kong needs considerably more in foreign reserves than the bare theoretical minimum to maintain currency stability, says Joseph Yam, chief exexcutive of the Hong Kong Monetary Authority in his weekly viewpoint column published on the HKMA website.

"The Adequacy of Hong Kong's Foreign Reserves"

By Joseph Yam

I have recently been asked the question of how much in foreign reserves do we need to ensure that our monetary policy objective of exchange rate

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

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 individual account

.