1Chan,Alex W.H."The currency board in Hong Kong:Operational weaknesses and a proposed refinement scheme,"in Ho,Lok-Sang and Chi-Wa Yuen,eds,Exchange Rate Regimes and Macroeconomic Stability.Boston:Kluwer Academic Publishers,2003 Chapter 11 (215-246).
2Chen,N."The Hong Kong currency board during the 1997-8 crisis:Problems and solutions," International Review of Finance 2 (2001),99-112.
3Diamond,D.and P.Dybvig,"Bank runs,deposit insurance,and liquidity," Journal of Political Economy 91(1983),401-419.
4HKMA,"Are Hong Kong interest rates high?" HKMA Bulletin,February 1998,2-9.(a)
5Jao,Y.C.The Asian Financial Crisis and the Ordeal of Hong Kong:Westport,Connecticut,Quorum Books,2001.
6Jao,Y.C.and A.Sheng."The impact of higher interest rates on Hong Kong:A graphical analysis," HKMA Quarterly Bulletin,February 1998,10-14.
7Krugman.P."A model of Balance-of-payment Crises"Journal of Money,Credit and Banking 11:311-325,1979.
8Kwar,Y,F.Lui,and L.Cheng."Credibility of Hong Kong's currency board:The role of institutional arrangements," in Ito,Takatoshi,and Anne O.Krueger,eds,Regional and Global Capital Flows.Chicago:University of Chicago Press,2001,233-259.
9Obstfeld,M."Models of Currency Crises with Self-fulfilling Features." European Economic Review 40:1037 -47,1996.