Download Banking and Currency in Hong Kong: A Study of Postwar by Y. C. Jao PDF

By Y. C. Jao

Show description

Read Online or Download Banking and Currency in Hong Kong: A Study of Postwar Financial Development PDF

Similar banking books

Introduction to financial technology

The monetary know-how atmosphere is a dynamic, high-pressured, fast moving global within which constructing quickly and effective buy-and-sell order processing platforms and order executing (clearing and settling) platforms is of fundamental significance. The orders concerned come from an ever-changing community of individuals (traders, agents, marketplace makers) and know-how.

The World Bank: Structure and Policies (Global Economic Institutions)

The area financial institution is devoted to the merchandising of sustainable financial improvement and to poverty relief in the course of the constructing international. The individuals to this quantity argue the Bank's maximum asset is its amassed wisdom and adventure of the advance approach, and suggest that it arrange itself round the notion of a "Knowledge financial institution.

Stabilising Capitalism: A Greater Role for Central Banks

The function of important banks as a hinge on which the economic system rests has lower back to the head of the political time table in recent times. the worldwide monetary difficulty has ended in many alterations for significant banks, together with renewed strength in monetary supervision and lowered regulations of their implementation of economic guidelines.

Extra resources for Banking and Currency in Hong Kong: A Study of Postwar Financial Development

Example text

The banks' function of administering the payments mechanism can best be illustrated by the phenomenal increase in the clearings of cheques and other credit instruments such as coupons, notes, drafts, dividend warrants etc. 2 Average Monthly Clearings (million Hong Kong dollars) Year Nominal amount 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 254 550 689 917 1,200 1,506 1,195 1,035 1,115 1,160 1,264 1,412 1,309 1,494 1,925 2,177 2,246 2,877 3,489 3,717 4,134 4,878 6,164 8,028 10,261 12,874 27,422 Real amount 254 483 653 777 968 1,119 876 750 830 886 941 1,041 984 1,040 1,392 1,574 1,713 2,060 2,499 2,563 2,774 3,028 3,702 4,671 5,538 6,753 13,349 Source: Hong Kong Government, Hong Kong Statistics 1947-67; Monthly Digest of Statistics.

In September 1973. a. a. a. a. a. a. a. a. a. a. a. a. a. a. a. a. a. a. a. a. 7·00 7·25 7·50 7·75 8·00 7·00 7·25 7·50 7·75 8·00 7·00 7·25 7·50 7·75 8·00 Effective 17/8/739/9/73 Category 1 2 3 4 5 7·25 7·25 7·25 7·25 7·25 7·75 7-875 8·00 8·125 8·25 8·00 8·25 8·50 8·75 9·00 8·00 8·25 8·50 8·75 9·00 8·00 8·25 8·50 8·75 9·00 Effective 10/9/73 3-month 6-month 12-month Remarks Source: Hong Kong Exchange Bank Association. a. = not available. The 1964 agreement did not please everyone. Some foreign banks claimed that they were in a competitive disadvantage.

Dollars 200 / 100 80 / v v ... ;:; 0 10 ~ v / ---- . -·· I 1/ I I v j I v.. ,.. I .... · ... ~-····· 58 ... ······ / o. v ...... ~ / ' Dr ,/ /' v ,... ·~. ····•· ... ····· / , , ' v ... •· I .. /,•' , _,/ 5 v ... 0 -- /, 60 v, v- I D. 3 Growth of Bank Deposits I 70 II - 1972 Banking Expansion 25 gence of financial institutions. 5 Here one must clearly distinguish between the saving-mobilising and saving-creating capability of financial institutions. So far as the former capability is concerned, there can be little doubt that the banking sector in Hong Kong has been highly successful in attracting the savings of the public by a vigorous campaign of branching, advertising and improving services.

Download PDF sample

Rated 4.83 of 5 – based on 33 votes