An Analysis Of The Path Of East Asian Currency Cooperation Based On OCA Index

Because development and structure and form in the world of economicglobalization, financial globalization turns into, the influence of currency cooperationin the district upon the international currency system choice and exchange ratearrangement of international community is more and more important.Particularly is toEast Asia all countries, received an Er to once put forward in the future world willappear three greatest currencies area:Euro area, U.S. dollar area and second dollararea1, and the establishment of EU and the success movement of the euro areaexperience, including the problem of its existence, also provided for the currencycooperation of East Asia region worth draw lessons from of copy.Is a little bit ex-years of to take place of take"subprime mortgage crisis" as the international financialcrisis of starting point resulted in to all each economy of East Asia pounding at ofcertain degree, after the crisis East Asia all countries while tallying up the blemish ofinternational rescue organization, international currency system oneself existence,more awake, knew an of all countries more profoundly strengthen the cooperationpushes forward thus and further the local area currency cooperates of necessity andurgency.This text just carries on combing to the main theory of each period currencycooperation and outline, make sure the theory source cooperating currency in EastAsia, in the foundation of analytical economic present condition in East Asia allcountries, analyzed necessity, possibility and maneuverability that each maineconomy carries on a currency cooperation inside the region and tallied up theproblem of effort and existence that currency cooperations in all countries in EastAsia have been already done.On the above-mentioned research foundation, drawlessons from experience of modelinging of euro area and U.S. dollar area, put forwardto carry on the concrete measure that currency in East Asia cooperates.Then, carry onsubstantial evidence analysis to the currency cooperation problem of the East Asiadistrict according to the OCA theory and various exchange rate theory establishmentOCA index number model, make use of the regression gets of the model equation andeach main economy in East Asia is nearer year of of the OCA index number value ofof main economic index sign data calculation each main economy in East Asia, thusto2008currency in East Asia cooperate after the international financial crisis ofpushed forward path to carry on concrete quest. The important conclusion put forward by this text is currency in East Asia becooperated the future has a certain possibility, East Asia region still doesn’t have afterthe international financial crisis the whole currency of carry on cooperates ofcondition, currency cooperation in East Asia should is divided into several layerclasses the cent tread to push forward and contact an of all more close differencesmaller small country to carry on a cooperation in a few everyone’s noodles inside thedistrict first, then Be difference to let up, cooperate lowering of cost, make along witheveryone’s noodles of the other economies inside the region and the at the beginningsmall scaled currency areas each economy inside the district gradually join to come in,finally form overaly the whole East Asia district of common currency area.Mainly thistext innovation’s ordering is the latest data that passes to collect an internationalfinancial crisis behind, usage OCA index number model from fixed amount of angleto East Asia region at nations through melt crisis after of the concrete path of currencycooperation carried on quest.