Impact Of International Regional Currency Cooperation Upon The Internalization Of RMB

This article takes regional economy integration in the globe scale and the widely developing regional currency cooperation as the selected topic backgrounds, takes the Euro pattern in internationally regional currency cooperation as the inspection object, intends to, through systematical research on this model's single money alliance, and further deepens the theorists'understanding regarding to the formation mechanism of internationally regional currency cooperation, the historical evolution, the working situation and the developing prospects. Thereby we can strengthen the functions of the Euro pattern as a classical case in the currency history, the international economics, the macroeconomics, the public choice theory, the international politics economic and the related disciplines, enrich these theories, meanwhile provide the experience which may be used for references, for the marching-forward East Asian currency cooperation and other regional currency cooperation.With the increasingly cooperation of business and trade between Mainland and Hong Kong, especially after the implement of CEPA, the uncertainty of exchange rate risks and the tremendous transaction costs are attributed to the difference in exchange rate. It is very important to the economic development of the two regions if the currency cooperation of the two regions can be implemented.In this article many kinds of research methods are synthetically used, among which comparison analysis method is widely used. By adopting this method I conduct the research on the influence degree of the many kinds of different factors on the Euro exchange rate trend, the non-balanced effects that the market integration brought to the different member nations in the Euro zone, the different influences through the eastward expansion on the new and old member nations in Euro zone, as well as a Euro pattern and the currency substitution pattern and the similarities and differences of the multiple currency cooperation pattern. Using the empirical analysis method I conduct the research on the fluctuation of Euro to US dollar exchange rate, the extent to which the Euro zone meet the optimal currency area,the operational practices of the uniform monetary policies, the difficult conditions the common financial disciplines face, and the similarities of new member nations'major economic targets after the eastward expansion.