Currency Substitution - Journal of Economic Integration (JEI).pdfVIP

Journal of Economic Integration 17(3), September 2002; 596-607 Currency Substitution: The Use of Hong Kong Dollars in Southern China Kui Yin Cheung and Chengze Simon Fan Lingnan University Abstract This paper studies the circulation of Hong Kong dollars in the Chinese Mainland. It first estimates the amount of Hong Kong dollars circulating in southern China in the last fifteen years. The regression a