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  "documentTitle": "Hong Kong Dollar / Hong Kong Monetary Authority (HKMA) (HKD)",
  "authorId": "01_Pershing_Square",
  "authorName": "Pershing Square Capital Management",
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  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2011-09-14 00:00:00",
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  "notes": "The chart illustrates the expansion of the balance sheet and the resulting increase in leverage ratio.",
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      "kind": "callout",
      "text": "The HKMA’s 2008/2009 intervention, in response to over HKD $600bn of money flows, greatly increased the size and leverage of its balance sheet",
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      "kind": "chart",
      "text": "Comparison of balance sheet composition and leverage ratios between Dec 2007 and July 2011.",
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      "text": "leverage: 75%",
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      "kind": "source-note",
      "text": "Source: “Monthly Statistical Bulletin – Table 8.2” – Hong Kong Monetary Authority, July 2011 (http://www.info.gov.hk/hkma/eng/statistics/msb/index.htm).",
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      "kind": "title",
      "text": "Revaluing Now Mitigates Financial Risk to the HKMA",
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