Hong Kong Government's fiscal policy had been conservative and had accumulated huge surpluses prior to 1997. ... Also, Exchange Fund papers, which were intended as a substitute for treasury bonds, form Hong Kong's monetary base and are monetary aggregates in nature, and were mostly held by financial institutions for their liquidity management. Such yields indicated prevailing monetary conditions more than commercial borrowing rates. ... Even with the emergence of huge fiscal deficit these years, the government is inclined to tap the fiscal reserve and to set goals in achieving budget...

• Word Count: 1396
• Approx Pages: 6
• Grade Level: Undergraduate

The Germans continue to loan to the Greeks because they share a currency and they are a monetary union. ... Some also believe that they pursued their own national interests by unwillingly adjusting fiscal policy to help correct the Eurozone crisis. ...

• Word Count: 731
• Approx Pages: 3
• Grade Level: High School

International Trade, Exchange Rates and Macroeconomic Policy A Report Contents: • Foreign Trade and the Balance of Payments • Exchange Rates • Babur • Exchange Rate Systems • Net Exports • FOREIGN TRADE & BALANCE OF PAYMENTS FOREIGN TRADE Foreign trade is the exchange of goods and services between different countries. ... The balance of payments is divided into two main parts: Current account Capital account CURRENT ACCOUNT It is the part of the Balance of Payment, which records a...

• Word Count: 3188
• Approx Pages: 13
• Grade Level: High School