The Study On Asian Monetary Cooperation

This article studies about Asian monetary cooperation. It shows that according to theory of Optimum Currency Area,Asian monetary cooperation is necessary and feasible, the fast development of Asian economic will finally result in the form of Asian Currency Unit. But,the reality greater contrasts with theory,Asian monetary integration process is not synchronized with the region's economic development process,many studies concern that why it is happen. This article is based on this starting point, with the theory of Optimum Currency Area, has analyzed its necessary and feasibility, discussed relevant recommendations and countermeasures about how to achieve the Asian monetary integration, then discussed its influence to China and what measures China should take.This article is composed of five chapters:the first one is introduction. It describes the major domestic and international studies about regional monetary cooperation, with an indication of article's structure and research methods. The second chapter talks about the need for cooperation, proved the Asian monetary cooperation is necessary. The third chapter analysis the feasibility of Asian monetary cooperation and has conclusion that Asian currency cooperation which will have come to be truth for a long time is feasible. The fourth chapter proposes the way of Asian monetary cooperation and analysis currency cooperation in those inferior regions and describes exchange rate system arrangement in detail. The fifth chapter discusses influence of Asian monetary cooperation to China, and then shows that China should take countermeasures.