| Introduction | 第1-11页 |
| Chapter 1 Rationale of Linked Exchange Rate Regime of Hong Kong | 第11-23页 |
| ·Principles for Linked Exchange Rate Regime | 第11-15页 |
| ·Price-Specie Automatic Adjustment Mechanism | 第11-12页 |
| ·Incompatible Trinity | 第12-15页 |
| ·Operation of the Linked Exchange Rate Regime of Hong Kong | 第15-23页 |
| ·Mechanics of Modern Day Currency Board Arrangements | 第16-20页 |
| ·Mechanics of Linked Exchange Rate Regime ofHong Kong | 第20-23页 |
| Chapter 2 Formation of Hong Kong Dollar Exchange Rate Arrangements | 第23-33页 |
| ·A Brief History of Hong Kong Dollar Exchange Rate Arrangements | 第23-25页 |
| ·Fixed or Free Float | 第25-30页 |
| ·Pros and Cons of Fixed or Floating Exchange Rates | 第25-29页 |
| ·Causes to Failure of Floating Exchange Rate Regime of Hong Kong | 第29-30页 |
| ·Choice of Linked Exchange Rate System | 第30-33页 |
| Chapter 3 Advantages and Disadvantages of Maintaining Linked Exchange Rate Regime | 第33-42页 |
| ·Analysis of Advantages to Hong Kong's Economy | 第33-38页 |
| ·Analysis of Disadvantages to Kong Kong's Economy | 第38-40页 |
| ·Seven Disadvantages Summarized by John Williamson | 第38-39页 |
| ·Interest Rate Risk | 第39-40页 |
| ·Comparison between Advantages and Disadvantages | 第40-42页 |
| Chapter 4 Improvement Measures of the Link | 第42-52页 |
| ·Problems Confronted with the Link | 第42-45页 |
| ·Failure of Automation | 第43-44页 |
| ·Lack of Instruments to Curb Interest Rate Fluctuations | 第44-45页 |
| ·The Argentina, Estonia, Lithuania Model of a Convertible Monetary Base | 第45-46页 |
| ·Improvement Measures taken by the HKMA | 第46-52页 |
| ·Accounting Arrangements | 第47-48页 |
| ·Liquidity Adjustment Facility (LAF) | 第48-49页 |
| ·Exchange Fund Bills & Notes | 第49-50页 |
| ·System of Real Time Gross Settlement | 第50-52页 |
| Chapter 5 Prospects for Linked Exchange Rate Regime | 第52-56页 |
| ·Peg to Euro Dollar | 第52-53页 |
| ·Dollarization | 第53-54页 |
| ·Peg to the RMB | 第54-56页 |
| Chapter 6 Conclusion | 第56-58页 |
| Bibliography | 第58-60页 |
| Abbreviation | 第60-61页 |
| Acknowledgements | 第61-62页 |
| 附录 | 第62页 |
