Study Of East Asian Foreign Exchange Cooperation

After the financial crisis in East Asian in 1997,countries and regions in East Asian began to know the urgency of the momentary cooperation.As for the directions and the ways of cooperation,there are so many different opinions from different scholars and studies,but there is one in common that the foreign exchange cooperation is very fundamental as well as essential.In this article,I try to study the structure of the economy,trade pattern and FDI flows of East Asian at first.Then explain the dilemma of present FX system in Ease Asian and find out what is the best FX system for it.In the article,I believe that pegging currency basket FX system would be the best one according East Asian economy itself if there were popper FX cooperation.At last,I concentrate on RMB FX reform,and study how to implement the reform and take part in this cooperation to get max revenue while standing mix cost.