| Financial globlization is an important composition of economic globlization. It is necessary that the East Asian economy joined the course of them. But the Asian Financial Crisis in 1997 gave a disastrous lesson to every economy. Since then, all of them have worked hard to seek after ways how to keep the financial crisis away by reinforce regional financial cooperation. The representative cooperation is the Chiang Mai Initiative (CMI) that the ASESN + 3(China, Japan, and Korea) established as a network of bilateral and multilateral swap arrangements for managing a currency crisis in the member countries. The ASESN + 3 also established multi-layer policy dialogue mechanisms, and set up the Asian Fond Fund, etc. These steps laid a well foundation for the East Asian financial cooperation.This paper consists of three parts: the theories and practice of international financial cooperation, the actuality and feasibility of the East Asian financial cooperation, and the strategy measure of China. The monetary policy of China impacts its circumjacent economies, just as China is playing more and more important roles in world economy. The East Asian financial cooperation is also profitable for china. With the close relationship between China and regional markets, the financial steadiness becomes an important matter.The Arrangement of chapters and sections are as follows:Chapter 1 presents the topic of the East Asian financial cooperation, summarizes the primary views and innovative contents in this paper.Chapter 2 expatiates on the theories of financial crisis, optimum currency areas, and other regional currency cooperation, on which we could seek after the academic gist about the East Asian financial cooperation.Chapter 3 analyses a few famous cases of international financial cooperation so far, and gets some interrelated positive and negative experience which could supply beneficial reference to other chapters.Chapter 4 takes apart the restricted factors of the East Asian financial cooperation, and indicates the possible directions in the future. Because it is short of solid political cooperative foundation among the East Asian economies, the level of the financial cooperation now is very... |
