01682cas a2200241 a 4500 AALejournalIMF000630 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451816815 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. China : Hong Kong Special Administrative Region Recent Economic Developments. Washington, D.C. : International Monetary Fund, 1998. 1 online resource (92 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper reviews economic developments in Hong Kong Special Administrative Region during 1997-98. The paper highlights that beginning in mid-1997, the regional crisis began to erode confidence in Hong Kong's exchange rate and prompted a series of speculative attacks. Pressures on the exchange rate led to sharply higher interest rates, weakened domestic demand, and clouded growth prospects for 1998. The paper provides an update on the transition issues since the transfer of sovereignty on July 1, 1997. Cyclical developments and trends in domestic and external demand and the property market are also analyzed. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 1998/041 Full text available on IMF http://elibrary.imf.org/view/journals/002/1998/041/002.1998.issue-041-en.xml IMF e-Library