Research On Monetary Cooperation Of East Asia

The Asian financial crisis in1997and in2007American subprime crisis has east Asian countries, the government realizes that is necessary in east Asia regional monetary cooperation organization to hold east Asia financial market and stable development. Due to the east Asian countries to economic development level is uneven, national economic industrial structure each are not identical, different cultural background and problems left over by history, so various monetary cooperation in east Asia in other regions for reference to international monetary cooperation based on the experience of east Asian countries, combined with the actual situation, find a suitable region of east Asian countries to monetary cooperation mode. In this paper is economic background launched research, finally formed to east Asian currency cooperation problem model of preliminary discussion and puts forward some meaningful countermeasures and Suggestions.It firstly introduces this topic research background and monetary cooperation related theory basis, including monetary cooperation, monetary integration the connotation and denotation, then put through a large number of detailed actual data analysis east Asia currencies and cooperation with all kinds of benefits and risks, reuse OCA index to east Asian currency cooperation problem for empirical research. Through in-depth analysis of the present paper ready-made regional monetary cooperation exchange rate harmony theses three mode, based on the contrastive analysis of using Angle, summarized current monetary cooperation in east Asia region is the most feasible path. For the current monetary cooperation in east Asia in the analysis of the status and prospect of basis, combining with other regional monetary cooperation of international practice experience, for our country in open economy condition actively participate in east Asia regional monetary cooperation processes, sufficient play and utilization of RMB its influence for east Asian regional monetary cooperation to make due contributions proposes feasible countermeasures and Suggestions. Paper is pointed out that the OCA index method based on the application of east Asian countries, the empirical analysis, it can be seen that the east Asia regional monetary cooperation of the overall cost or smaller. Specific measures for, can be in economic structure similarity higher sub-regional level is the first one to implement a common currency basket currency peg with other systems, but members actively exchange rate policy of communication and coordination, and then in the conditions are ripe for the extended to all members to join area pin a common currency basket of exchange rate system, and finally achieve the ultimate goal of east Asian currencies integration, so that they could have a hierarchical and step-by-step gradually advance east Asia region monetary cooperation process.