Hong Kong almost contemplates removing the dollar peg

The previous head of the Hong Kong Monetary Authority has suggested that HK should consider a different monetary system than the peg to the US Dollar. Most others seem to think it’s a mad or at least premature idea.

What it isn’t is a suggestion to move to a gold standard –  I’m looking forward to hearing John Butler talk soon. I’m reading his book one why and how and when we will all move back to a gold standard. It’s actually not badly written, and his analysis isn’t as frothing-at-the-mouth as some, but he’s still wrong. I hope I get a chance to debate with him at the event.

Published by David Kirk

The opinions expressed on this site are those of the author and other commenters and are not necessarily those of his employer or any other organisation. David Kirk runs Milliman’s actuarial consulting practice in Africa. He is an actuary and is the creator of New Business Margin on Revenue. He specialises in risk and capital management, regulatory change and insurance strategy . He also has extensive experience in embedded value reporting, insurance-related IFRS and share option valuation.