Obstacles Of The EURO Region Expansion And The Enlightenment To The East Asia

The success of European monetary integration experience for the rest of the world monetary integration, monetary integration in East Asia in particular has a good reference. The concept of the euro, and then to put forward to the implementation of promotion, has experienced nearly 50 years, due to differences in economic level, the euro for different member countries, different cultural backgrounds have a regional impact of the complex. This article on the expansion in the euro area of the obstacles, as well as its East Asia economic prosperity and integration of enlightenment, and how to effectively prevent the regional financial crisis started on.The full text is divided into three parts:Part I: History of the euro briefly with the status quo. In this part of this paper, it is about the EU's history and development of the euro the origin, development process and current situation and prospect of development of the euro.Part II: Expansion in the euro region of the obstacles. EU member states facing huge economic differences. Such differences in economic level, on the one hand will lead to a high rate of return of capital to the region flows, so that some countries expanded capital-intensive production, while some countries to expand the production of labor-intensive products and thereby facilitate the production of further specialization. On the other hand will result in massive influx of low-level members of the capital, due to not fully pursue the "Mayo", the need to meet the country's overall economic interests, the policy-making in regard to their country will benefit as the starting point, this is also Expansion of the euro has posed a challenge. To achieve further financial integration of the two main prerequisites for the EU capital market and a deepening of the integration of markets can adapt to the increasingly complex cross-border financial transactions monitoring mechanism. As an international financial field, and new things, the euro's development can not be all smooth sailing of. Unified monetary policy with the EU member countries of unequal economic development between the contradictions highlighted.Part III: The experience of the euro and expansion of the East Asian monetary integration concept of the Enlightenment. The euro's development experience in East Asian countries for monetary integration has provided valuable experience. East Asian countries to discuss the East Asian monetary integration, it is undoubtedly in order to achieve monetary integration proceeds. However, the region has not implemented any of the urgent desire of monetary integration. The world economic environment and the international monetary system of a series of major developments, particularly the East Asian financial crisis broke out, to East Asian countries (regions) of the traditional ideas of doubt, and the development of new ideas. In practice, the East Asian countries are strengthening the currency in the region to promote regional monetary cooperation and integration.This article summarized the experience of European monetary integration, and pointed out the influence of European monetary integration, throughout reviews the European monetary integration the history. The successful experiences of the European monetary integration can be a good example for the practices of monetary integration in various parts of the world, particularly in East Asia. The successful experiences of the European monetary integration are mainly follows. The success of monetary integration depends on economic factors, but more on political factor. The process is one of gradualism and convergence. Mature institutions for cooperation must be establishes. Sovereign nation can co-exist with a monetary union. Against its obstacles in the process of integration, especially in view of the bottleneck caused by the consume habits and economic strength, analysis though the Marxist theory of the law of value. In the final part, discusses the necessity, cost and benefits, possible forms and process of East Asian monetary integration, makes some suggestions about China's relevant roles and policies.