Outside In | Why ending US dollar peg isn’t the answer Hong Kong needs

Outside In | Why ending US dollar peg isn’t the answer Hong Kong needs

If I earned a dollar for every article written in the past 42 years predicting the end of the Hong Kong dollar’s peg to the US dollar, I would be living a life of genteel luxury, sipping cocktails beside the pool in a tropical paradise not far from here. And yet here we are again, with the Hong Kong Monetary Authority (HKMA) spending upwards of HK$80 billion (US$10.2 billion) since late June to keep the currency within its upper and lower bounda…