Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: SunSunM who wrote (83143)	3/20/2001 9:57:08 PM
From: pater tenebrarum	Respond to of 436258

KC, i'm sure i have it somewhere, but would have to search for it...send me a small reminder note via pm, so i won't forget. regarding the relationship between the forex reserve and the money supply though, i can tell you right away this relationship is FIXED. that is how a currency board works...every 7,75 HK dollars in existence MUST be backed by one USD in reserves. the peg is usually defended by letting ST interest rates soar whenever the HK dollar is under attack...that makes the favored short selling method of borrowing in HK dollars and buying USD with the proceeds too expensive.