Study Of East Asian Financial Cooperation

After the East Asian financial crisis, East Asian economies, countries have begun a regional financial cooperation. The financial cooperation in East Asia financial crisis on the guide is very important. In addition, the "Chiang Mai Initiative" and the "Asian Bond Fund" has also done a brief evaluation. In this paper, the East Asian financial cooperation in the future were analyzed, and the East Asian countries, macroeconomic data were analyzed, since in the case of financial cooperation. East Asian countries come to the need for financial cooperation in the conclusion. Secondly, in the new situation, the debt crisis in Europe, on regional monetary cooperation has an important influence on regional monetary cooperation theory challenges. Therefore, the matter has many of influence in East Asia. Finally, the article discusses the process of China's financial cooperation in East Asia an important influence, and China to cooperate in the analysis of the positioning and path, proposed that China should maintain a "cautious" view. Rational analysis of the East Asian financial cooperation and promote the internationalization of the RMB.This paper analyzes the East Asian financial cooperation, in the background and theory of the case. In addition, this paper combing the East Asian financial cooperation in the problems and obstacles. Proposed to solve the problem, consider the idea of financial cooperation. This article is divided into seven parts.The first part discusses the purpose and significance of this article describes the problem of domestic and foreign scholars on the point of this view, analyzed the new situation of the East Asian financial cooperation. In addition, the East Asian financial crisis and the global financial crisis influence on this issue, this section proposes research ideas and research highlights.The second part discusses the regional financial cooperation in the classical theory-Theory of Optimum Currency Areas. This paper analyzes the theory, the theoretical advantages and disadvantages, strengths and weaknesses and proposed improvements. In addition, two studies the impact of financial crisis and help the problem, draw a lot of financial cooperation to do the conclusion.Evolution of the East Asian financial cooperation process is investigated in the third part of the paper. It is divided into three stages, the Asian financial crisis, the Asian financial crisis to the global financial crisis, the global financial crisis.The fourth part analyzes the concept of the East Asian financial cooperation and achievements of the "Chiang Mai Initiative" and the "Asian Bond Fund", and made the evaluation of these two results and recommendations. East Asian financial cooperation is facing new challenges, the article analyzes the challenge.The fifth part, using the empirical research methods, analyzed the major economies of East Asia in 1997-2008 years of data, and studied the feasibility of the East Asian financial cooperation. Among them, the analysis of main standards are:intra-regional trade integration, financial integration, with similar objectives and macroeconomic OCA index standards. View the need for East Asia financial cooperation conclusions.By analyzing the European monetary integration process, get some experience. It greatly help the East Asian financial cooperation. This chapter focuses on analysis of the debt crisis in Europe. In addition, the proposed idea of the further development of financial cooperation in East Asia, made the short, medium and long term co-path and goals.PartⅦ, of financial cooperation in East Asia in China's important role. From China in the East Asian economies began to specific positioning, analysis of the significance of cooperation, the problems, suggested that China's important role in the cooperation. In addition, the proposed East Asian financial cooperation China in the short, medium and long term goals and measures.In this paper, the East Asian financial cooperation, to raise a few points:First, in most currency areas, based on the most recognized the importance of currency areas, and as analysis; second, affirmed the "Chiang Mai Initiative " and "Asian Bond Fund ", authorized the " Chiang Mai Initiative "of the multilateral, affirmed the "Asian reserve bank "established that there is great hope that the East Asian financial cooperation; third, through data analysis, analysis of the major East Asian economies The macroeconomic data, the cooperation should be strengthened to promote East Asian cooperation in the new situation.