Research On The Monetary Cooperation Pattern Of East Asia

The Asian financial crisis of 1997 had a strong infectivity,in the absence of monetary coordination mechanism,one country suffered from a currency crisis make the crisis quickly spread to other countries,so the Asian countries suffered great loss. Asian countries realized that a single country in the resistance financial crisis forces is thin and monetary cooperation has important significant to facing the subprime crisis.so Asian countries start monetary cooperation.Some achievements have been made in the monetary cooperation in East Asia, However, due to various restrictions monetary cooperation has remained at the initial stage, At present, the mode of East Asian monetary cooperation is still in the exploratory stage.lt compares and analyzes several international regional monetary integration modes, including the euro pattern, dollar pattern. then it put forward East Asia currency cooperationmode and its evolution path which is demonstrated from two aspects of theory andempirical study. This article puts forward related suggestions on how to further promote East Asia Monetary Cooperation. With the development of China’s economy, to participate in East Asian currency cooperation is an inevitable choice for China. With RMB joining in the SDR, RMB in the future will become the anchor currency in East Asia, so China should actively promote the regionalization and internationalization of the RMB.