Financial Cooperation In East Asia And China's Policy Options In The Post Financial Crisis

1997 Asian financial crisis and the 2008 U.S. subprime mortgage crisis Asian countries profoundly feel the area exchange rate arrangements and monetary cooperation. Today, after the financial crisis, people attention once again to the East Asian financial cooperation. This global financial crisis than the Asian financial crisis 10 years ago, to a large, no country can cope with alone, highlighting the importance of strengthening regional cooperation.For China as a major power in East Asia, since the reform and opening up, economic growth in the promotion of China's national strength growing stronger, but also increasingly for China's economic development and economic development of countries in East Asia is inextricably linked to together. For China, the East Asian monetary integration process, help China obtain a stable surrounding environment, more closely with economic and trade relations between East Asian countries, but also help improve China in East Asia's influence in China's national interests.Papers from the background of the East Asian financial cooperation and the opportunity to start, at the conclusion of the East Asian financial cooperation made progress, and global economic imbalances and the U.S. financial crisis has brought new challenges in East Asia, based on further cooperation in the East Asian financial feasibility and constraints factors are analyzed, and through qualitative analysis, specify monetary cooperation and policy coordination in East Asia's development trend, and then, using quantitative analysis of the OCA model ways to realize the East Asian monetary cooperation-multi-currency alliance to that regional monetary cooperation in East Asia policy effectiveness and practical choice.Finally, according to China in the East Asian financial cooperation and development of positioning, as well as the East Asian financial cooperation China to participate in the meaning and effect, put forward China's strategic measures to promote financial cooperation between China and East Asian common development and prosperity.