@Article{mfj:635,
title={Pegged Exchange Rate Systems in Macau and Hong Kong},
author={Robert Scott},
journal={Multinational Finance Journal},
volume={1},
number={2/2},
pages={153--168},
year=1997,
publisher={Multinational Finance Society; Global Business Publications},
url={http://www.mfsociety.org/../modules/modDashboard/uploadFiles/journals/MJ~616~p16slqqh9d4hb1l36svaf3j1idi3.pdf}
keywords={currency board system; currency substitution; pegged exchange rates; seigniorage},
abstract={Macau pegs its currency, the pataca, to the Hong Kong dollar, which in turn is pegged to the U.S. dollar. This type of pegging order is unique in the annals of international financial arrangements. This article analyzes the structure of the pegged exchange rate systems in Macau and Hong Kong and discusses the financial and economic implications of these systems for the two territories.},
}