august
The August War: How Hong Kong Defended Its Dollar Against Global Speculators
The summer of 1998 remains etched in the annals of financial history as a period of unprecedented turmoil, a time when the seemingly unassailable Hong Kong dollar found itself squarely in the crosshairs of powerful international speculators. In the sweltering heat of August, the usually serene atmosphere within the Hong Kong Monetary Authority’s (HKMA) headquarters […]
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