Series: IMF Working Papers
Author(s): Joong Shik Kang
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 23 February 2016
Keywords: WAEMULiftoff, Consumption, Investment, Leverage: Interest Rates, interest, interest rates, debt, currency, Globalization: Macroeconomic Impacts,, Currency boards
As the U.S. Fed begins to increase the Federal Funds rate, interest rates in Hong Kong SAR will rise in tandem under the Currency Board system. While domestic economic activity in Hong Kong SAR remained resilient i...