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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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  "presentationDate": "2011-09-14 00:00:00",
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      "text": "The principal argument against a revaluation is that it might harm the HKMA’s credibility. We believe this is false for two reasons:",
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      "kind": "list",
      "text": "1) Reducing inflation and the risk of asset bubbles in HK enhances HK’s status as a stable, economically successful, AAA rated region",
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      "text": "2) Allowing the HKD to appreciate only increases the credibility of the HKD as a store of value",
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