FinObservatory

Crisis atlas / HKG

Hong Kong

5 distinct crisis events in 5 episodes, 18921998, from the union of five primary chronologies.

Debt profile: government debt trajectory and crisis-start levels →

5
Banking crises
0
Currency crises
0
Sovereign debt crises
5
Crisis events
1892–1998
Span

Crisis timeline

Every distinct (year, type) event, most recent first, with the chronologies flagging it. Start-year sources (GMD, JST) do not mark continuation years, so long episodes show lower agreement after their first year.

  1. 1998
    Bankinggmd1 source
  2. 1991
    Bankinggmd1 source
  3. 1982
    Bankinggmd1 source
  4. 1965
    Bankinggmd1 source
  5. 1892
    Bankinggmd1 source

Source: Global Macro Database 2026_06 (Müller, Xu, Lehbib & Chen 2025) | Jordà-Schularick-Taylor Macrohistory R6 | Laeven & Valencia (2020) | Reinhart-Rogoff via HBS BFFS | ECB/ESRB Financial Crises Database Methodology

Macro context around each episode

Inflation, central-bank policy rate, and government debt in a window of five years either side of each crisis episode (consecutive crisis years bridged across gaps of up to two years). Crisis years shaded.

1892

Banking

No macro panel coverage for this window.

1965

Banking
Inflation (% y/y)
-50510196019651970
Policy rate (%)
No data for this window
Govt debt (% of GDP)
No data for this window

1982

Banking
Inflation (% y/y)
051015197719821987
Policy rate (%)
No data for this window
Govt debt (% of GDP)
No data for this window

1991

Banking
Inflation (% y/y)
051015198619911996
Policy rate (%)
02.557.5198619911996
Govt debt (% of GDP)
No data for this window

1998

Banking
Inflation (% y/y)
-50510199319982003
Policy rate (%)
0510199319982003
Govt debt (% of GDP)
00.511.5199319982003

Source: Global Macro Database 2026_06 (Müller, Xu, Lehbib & Chen 2025) Inflation is % year over year; policy rate is the central-bank rate in %; government debt is % of GDP. Methodology