Paul Krugman: A Tale of Two Pegs: “By the numbers Switzerland’s monetary situation pre-collapse… …and Hong Kong’s now look remarkably similar…. So is the Hong Kong dollar at risk of a franc-like event? No, it isn’t. There’s not a hint of pressure to drop the currency board. Why is Hong Kong different The answer…is that … Continue reading Morning Must-Read: Paul Krugman: A Tale of Two Pegs