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Title Hong Kong SAR : meeting the challenges of integration with the mainland / edited by Eswar Prasad, with contributions from Jorge Chan-Lau [and others]
Published Washington, D.C. : International Monetary Fund, 2004
Online access available from:
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Description 1 online resource (71 pages)
Series Occasional paper / International Monetary Fund ; 226
Occasional paper (International Monetary Fund) ; no. 226
Contents Overview / Hong Liang and Eswar Prasad -- Economic integration between Hong Kong SAR and mainland China / Tao Wang and Hong Liang -- Fiscal outlook and policy options / Hong Liang -- Determinants of, and prospects for, property prices / Jorge Chan-Lau -- Deflation dynamics / Papa N'Diaye -- Trends in wage inequality, 1981-2001 / Dora Iakova -- Financial market developments / William Lee and Ida Liu
Summary This Occasional Paper provides an overview of the main challenges facing Hong Kong SAR as it continues to become more closely integrated with the mainland of China. Section I provides an overview of recent macroeconomic developments and the main policy issues in Hong Kong SAR. Section II examines various aspects of the ongoing integration with the mainland, and the associated implications for the structure of the economy, and for macroeconomic and structural policies. Section III examines the medium-term fiscal outlook under different policy scenarios and discusses alternative policy options to restore fiscal balance. Section IV reviews recent developments in the real estate sector and their macroeconomic impacts. Section V presents an econome tric analysis of deflation and its determinants. Section VI examines the factors behind, and the implications of, rising wage inequality in Hong Kong SAR. Section VII presents an overview of recent developments in the financial sector and provides an assessment of Hong Kong SAR's prospects as an international financial center
Notes "Based on data available as of July 2003"--Page vii
Available in PDF, ePUB, and Mobi formats on the Internet
Bibliography Includes bibliographical references (pages 56-57)
Notes Online resource; title from pdf title page (IMF, viewed July 23, 2015)
Subject Deflation (Finance) -- China -- Hong Kong.
Fiscal policy -- China -- Hong Kong.
Wages -- China -- Hong Kong.
Hong Kong (China) -- Foreign economic relations.
Form Electronic book
Author Chan-Lau, Jorge A.
Iakova, Dora M
Lee, William.
Liang, Hong.
Liu, Ida.
N'Diaye, Papa M'B. P. (Papa M'Bagnick Paté)
Prasad, Eswar, editor
Prasad, Eswar.
Wang, Tao.
International Monetary Fund.
ISBN 1452752036