Institutional And Economical Analysis Of Euro Evolution--Application Study To Cooperation Of East Asia Currency

Institutional economics think currency is a kind of system to economize transaction expense, a kind of rare a product , and it is too similar to other real product that is produced by both parties' power of supply and demand. For this reason this text tries to use a new research frame of currency theory, from the system changing we study the mechanism of euro in-depth, then put the factors of the euro and East Asia currency cooperation into the classic "demand梥upply" theory frame. Try hard to for offer a new researching angle and a clear and hermeneutic demonstration on theory level, then draw some useful enlightenment and some appropriate counterplan suggestions for East Asia currency cooperation.The first chapter introduces the research background and studying method for the East Asia currency cooperation, want to research the East Asia currency cooperate in-depth, there is a implicit premise to present a emollient theory demonstration for the most successful multinational one currency-euro in the world, then apply to research the East Asia currency cooperation. For this, use a trial analysis method of system, study the currency institutionally changing and equilibrium from the system arranging and the expense of system.The second chapter use the classic "demanding梥upplying" theory frame to research theevolution for euro, thinking the euro is the result of interaction of institutional demanding and supplying.Chapter 3 follows the theory analysis frame, analyzes the East Asia currency cooperation from the power and factors of institutional demanding and supplying.Chapter 4 draw out some beneficial enlightenment: Establishing some trending standards to currency cooperation in East Asia, Scooping out and propagating the East Asia peer value, strongly pushing forward the "tough system equipment" structure, China and Japan carry the duty of early class behavior group to push the system to change. Finally bring up some concrete proposition: setting up the East Asia fund department under the IMF frame;East Asia countries and each local National Central Bank enhance cooperation, moderate and cooperate in the establishment and carrying out the policy of interest rate and exchange rate, etc.This text bring forth new ideas in the research method of currency system. Bring up the classic "demanding ?supplying theory frame to analyze the currency cooperation and currency integration for the first time. On the demonstrat i ng the payment matrix's variation of the war game, independently bring up two realistic and hermeneutic war game model. This text draw out the beneficial enlightenment that also is special on the researching of East Asia currency cooperation, East Asia fund department proposition brought up is actual and running before in the same kind research.