Architect of Hong Kong dollar peg defends the policy
John Greenwood is largely credited for helping the Hong Kong government create the local currencyÆs peg to the US dollar in 1983.
In a news briefing where Invesco Limited chief economist John Greenwood was meant to talk about his investment outlook for 2008, he ended up defending the Hong Kong dollarÆs peg to the US dollar amid a barrage of questions from reporters keen on picking the brains of the so-called architect of the peg.ôThe fixing to the US dollar is the right and proper policy at the present time,ö says London-based Greenwood.Indeed, Greenwood has supported the peg since he authored an article in the …
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.