Selection And Countermeasures Of Hongkong Currency Exchange Rate Regime

With inductive and deductive methods, the thesis is anticipated to discuss the adaptability of Hong Kong Currency Linked Exchange Rate Regime under current international economic situation, research the subject how to select a suitable exchange rate regime for HK, and explore both the direction and path of HK exchange rate regime reform in order to guarantee its stable and sustainable economy development. After deep analysis, the author put forward the opinion that HK exchange rate regime should work independently and fluctuate freely in the medium or long term. And the author also provided some advices for the HK currency policy, that is, HK exchange rate regime should be consistent with HK economy structure and periodical fluctuation. In terms reform measures, it’s suggested that HK exchange rate regime should increase the interface with RMB, keep independence to some extent, set up a mature producing mechanism of HK exchange rate, and deal with the restructure process seriously.There are three aspects of innovation in the thesis. First is about research angle. So far, majority of the related research is about sovereignty, while this thesis is about an area. It would enrich the theory frame of exchange rate regime selection. Second is about research method. This thesis applied Poirson’s module on exchange rate selection and HK pertinent social and economic index to the demonstration analysis of HK exchange rate regime, which has never been used. Third is about research content, there is few of study fruit about economies with relatively small scale, such as HK. So this thesis would fill up the gap.