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A Synthesized Discussion on the Macao Monetary Reform
Xinhua Gu
Source PublicationFrontiers of Economics in China

The prolonged RMB appreciation affects Macao deeply and requires a major monetary reform without further delay. What we propose for Macao reform as an optimal choice includes shifting its monetary anchor to the strong RMB, revaluing its domestic currency to the original level, and setting up a sovereign wealth fund for autonomous growth. This proposal is based on Macao’s economic fundamentals such as trade competitiveness, business relations, real welfare, monetary stability, and genuine development. We also recommend a monetary union of Macao with Hong Kong as the 2nd-best choice of reform by introducing what we term the SAR dollar.

KeywordMonetary Reform Macao Hong Kong The Mainland Of China
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Document TypeJournal article
CollectionFaculty of Business Administration
Corresponding AuthorXinhua Gu
AffiliationFaculty of Business Administration, University of Macau, Macao, China
First Author AffilicationFaculty of Business Administration
Corresponding Author AffilicationFaculty of Business Administration
Recommended Citation
GB/T 7714
Xinhua Gu. A Synthesized Discussion on the Macao Monetary Reform[J]. Frontiers of Economics in China,2010,5(4):604-621.
APA Xinhua Gu.(2010).A Synthesized Discussion on the Macao Monetary Reform.Frontiers of Economics in China,5(4),604-621.
MLA Xinhua Gu."A Synthesized Discussion on the Macao Monetary Reform".Frontiers of Economics in China 5.4(2010):604-621.
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