PART HISTORICAL PERSPECTIVES Hong Kong's Monetary Challenges in Historical Perspective; C. R. Schenk Historical Dimensions of the Hong Kong-Guangdong Financial& Monetary Cases in Politico-Economic Interactive Dynamics, 1912-1935; M. K. Chan Banking and Exchange Rate Relations Between Hong Kong and Mainland China 1965-1975; C. R. Schenk PART THE CURRENCY BOARD Laissez-faire's The Evolution of Monetary Policy in Hong Kong, 1935-80; L. Goodstadt Rules Versus Discretion in Managing the Hong Kong Dollar, 1983-2007; T . Latter The Origin and the Evolution of Hong Kong's Currency Board I; J. Greenwood The Origin and Evolution of Hong Kong's Currency Board II; J. Yam PART THE FUTURE OF THE INTERNATIONAL FINANCIAL CENTRE Hong Kong's Transformation as a Financial Centre; D. R. Meyer