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Consideration for the Asia's Monetary Cooperation Based on the Theory of Optimum Currency Areas

Consideration for the Asia's Monetary Cooperation Based on the Theory of Optimum Currency Areas

作     者:Weidong Huo Guoying Deng Peng Wang 

作者机构:Southwestern University of Finance and Economics 

出 版 物:《Chinese Business Review》 (中国经济评论(英文版))

年 卷 期:2005年第4卷第9期

页      面:10-14页

学科分类:02[经济学] 0201[经济学-理论经济学] 020101[经济学-政治经济学] 

主  题:optimum currency areas monetary cooperation benchmark currency 

摘      要:According to the theory and the standard of Optimum Currency Areas, this paper analyzes the possibility of the Asia's monetary cooperation. Based on the current study, this paper points out that East Asia does not have the condition for the monetary cooperation and the cooperation can only be conducted in a comparatively low level; furthermore, in order to achieve the monetary integration and to form the Optimum Currency Areas, it is still a long way to go for Asian countries. All the Asia countries should work hard in the political and economic area. However, the common interests will make the monetary cooperation an irreversible trend.

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