Titlebook: Banking and Currency in Hong Kong; A Study of Postwar F Y. C. Jao Book 1974 Y. C. Jao 1974 banking.finance

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The Role of Banking Institutions in a Transitional Economyth the contemporary trend in monetary economics. Within this framework the currency system and the determination of money supply are also studied in detail. In the absence of central banking, however, the present study is confined to the private financial sector.

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Banking Expansionbed by the laws, customs and conventions, and shaped by the historical development of the country in which it operates. It may also be treated as a decision-making unit, whose objective may either be profit-maximisation or sales-maximisation, or some combination of the two. As such it is similar to

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Banking Structure and Operationsthe apex of the banking sector exercises its leadership and control over the commercial banks and other intermediates. In the absence of a central bank, the study of banking in Hong Kong is primarily an analysis of the structure and operations of the commercial banking industry.

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Hong Kong and Singapore: A Financial Profileore or less at a similar stage of development. In the case of our present study, additional insights can be gained into the salient features of Hong Kong’s banking sector, its strengths and weaknesses, by discussing them within a wider framework of reference. For obvious reasons an exhaustive compar

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Liquidity and Credit Creationorities. Given the banks’ reserve ratio and the public’s cash ratio (. and . in the previous chapter), the central bank is said to be able to control the total quantity of money and credit by manipulating the reserve base (vault cash plus balances with the central bank).

Outmoded

Allocation of Bank Creditg system acts as the intermediary which channels financial resources from savers to entrepreneurs who organise the productive processes that add to the real output. But the banks’ role is not limited to the production side only. Retail merchants for example are no less in need of bank credit to fina