A Study On Economic Foundations And Core Leadership Of The Monetary Cooperation In East Asia

Monetary Cooperation is the core topic of the world economy and International Financial System. The Monetary Cooperation of East Asia has attracted much attention during the nearest decade after the financial crisis in 1997. The successful Monetary Integration in Europe tells a truth that the fundamental power of regional Monetary Cooperation roots in the increasingly close economy relationship among the members. The Economic Integration in East Asia has settled a stable foundation for the Monetary Cooperation from the economy perspective. Meanwhile, the Monetary Cooperation is not a pure economic problem only; it is also a social and political problem. The reciprocal trust between countries, the cooperative desire, especially some important countries'positive promotion, is taking a significant action to the cooperative progress.This article mainly discusses the regional Monetary Cooperation based on the present economic and geopolitical situation of East Asia. The main contents are as follows:Chapter one is the introduction part, mainly focusing on the background, significance, logic and innovation of the article. In addition, some vague key words need to be clarified here.Chapter two concludes the criteria of the traditional theory of Optimum Currency Areas (OCA) and analyzes the costs and benefits of the entry to OCA, based on abundant English literature. Then the chapter discusses the European Monetary Integration in detail, with the purpose of getting useful experiences for East Asia.Chapter three sets out research on the economic foundations and the restrictive factors of Monetary Cooperation. When analyzing the former, it focuses on the relationship between regional Economic Integration and Monetary Cooperation. When considering the latter, lots of factors such as economic, cultural, political as well as outer circumstances, should be comprised .Chapter four chooses the core leadership of Monetary Cooperation from International Plutonomy. The theory of game is used to set forth the dominant decision behavior, taking into account of the ASEAN's benefit. At last, the article colligates the research and conclusions above and gives some pieces of advice of the Monetary Cooperation in the future.