The Hong Kong dollar was pegged twenty years ago in October 1983. HKMA Chief Joseph Yam said he was going to "hit them where it hurts", earning himself a short-term action-man nickname of "Yambo". This article from webb-site.com takes aim at what it calls Yambo's latest whacky doctrine of "constructive ambiguity". The whole point of the peg in 1983 was to reduce uncertainty, not increase it, it says.

Destructive Ambiguity