Future-Analysis And Reasonable Selection Of Asian Currency Unification

The International Currency System is being faced with the unprecedentedreformation,just like the establishment of Briton Forest System,which attracted abroadattention in the international financial circles．Every country makes great efforts on thestatus of their own currencies in the International Currency System．The US dollar notonly circulates at home as an international currency,but also has been the maincurrency in Latin America．The Euro,which has circulated successfully,leads to thenew trend of international currency and exchange rate reformation．Along with merginginto the world economy deeply,Asia is itching to explore the way to the currencyunification that has the Asian feature．Mundell,the father of the Euro,promotes activelythe Asian currency unification as well．Even Mundell predicts that next 10 years therewill be three currency areas,finance stables three islands:Euro Bloc,US dollar Blocand Asian Currency Bloc． For the research of the currency unification,at present there are many currencytheories that mostly are based on the establishing and criteria of the Theory ofOptimum Currency Area．The practice of the US dollar Bloc and the Euro Bloc hasprovided the Asian currency unification with reference and route choice on someaspects such as existent condition and future obstacles．On the lay of theory andactuality,this article avoids the localization and the unilateralist,which are caused byonly emphasizing the single or several economic factors to confirm the Asian currencyarea．FrOm the whole progress of the Euro'S naissance。the currency unification alwayscomes down to the members'politics,economy,literature and other aspects．So it isnecessary to overcome the regionalism of theory and the stages of existent form．At thesame time transferring the dominion happened in the process of Euro naissance makesthe decisive function in regard to the currency unification．It needs a long time to realizethe Asian currency unification,and being the common currency at last can realize thecounter-reversibility of currency unification．But incompact cooperation lacks contromechanism,So it must be on the base of analyzing the necessity and feasibility of Asiancurrency unification and realize the result and several steps．Finally the unificationcomes true and stimulates the boom of the Asian economy and politics. This article is composed of introduction and four chapters．The introductionexpounds three problems．The first one is the Asian category and meaning researchedin this article．The second is the theory bases and practice background of the Asiancurrency unification．The third is the choice of research methods and points of view．The first chapter analyzes the actuality that the Asian currency tends to unification．According to the analysis of ASEAN'S present conditions and tendency from itsestablishment to this day,it is obviously that the international currency unificationenvironment and the Asian interior environment make the Asian currency unificationnecessary．The second chapter includes the factor analysis and the demonstrationanalysis about the Asian currency unification．It quotes currency cooperation theoryespecially the famous Theory of Optimum Currency Area and combines the Euro indexto analyze contrastively the existent condition and obstacles on the unification of Asiancurrency．The third chapter is the key of this article．The analysis about the US dollarBloc and the Euro Bloc provide route choice and preparation for the Asian currencyunification．It expounds completely the route choice and prospect of Asian currencyunification and studies out the steps and the problems resolved urgently．It points outthat the unification should be realized from part to entirety,firstly the Yuan Block,YenBlock and ASEAN,then the Asian common currency．The fourth chapter aims atanalyzing the meaning and the affect of China,who atten...