分析港元的境外需求(英文版本).pdfVIP

Working Paper 07/2010 14 September 2010 ANALYSING EXTERNAL DEMAND FOR THE HONG KONG-DOLLAR CURRENCY Prepared by Frank Leung, Philip Ng and Simon Chan∗ Research Department Abstract This paper estimates that about 50 – 70% of the Hong Kong-dollar currency in circulation (equivalent to about $100