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      "text": "At the time the peg was introduced, the HK government recognized the risks of tying HK’s monetary policy to that of the US",
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      "text": "[D]omestic interest rates and domestic inflation will be substantially influenced by the behavior of the economy to whose currency it is tied (the USA in this case). It was, in essence, the potential effect of such ties upon the Hong Kong economy which led to the abandonment of the sterling link in 1972 and then the US dollar link in 1974.\n- Hong Kong government policy memo, 1983",
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