INTRODUCTION 1
Ⅰ．DEFINITIONS 3
Ⅱ．LEGAL TENDER－BANKNOTES 9
Ⅲ．LEGAL TENDER－ONE DOLLAR CURRENCY 27
Ⅳ．THE EXCHANGE FUND 37
Ⅴ．THE SUPPLY OF MONEY 49
Ⅵ．CREDIT EXPANSION 67
Ⅶ．CRITIQUE 89
Ⅷ．THE MONETARY SYSTEM OF MACAO 103
APPENDIX Ⅰ 115
APPENDIX Ⅱ 121
APPENDIX Ⅲ 147
BIBLIOGRAPHY 149