Comparative Analysis Of European And East Asian Monetary Integration And Implications For East Asia

International monetary system is facing an unprecedented reform, monetary regionalizing is a great structural question in the come world economic development under the background of integration of regional economics. The trend of economic globalization is a depth to the regionalization, a multi-polar world has gradually taken shape in the international political situation, and Asia is playing a more and more important role in the world. East Asia has become an important force of the world’s economic growth. A proper monetary cooperation will not only help maintain the stability of the macroeconomic and financial market, but will also help reduce the reliance on the dollar and the opportunity cost of holding dollars. On the contrary, the financial integration process will promote the economic integration process, and promote inter-regional trade and investment further, achieve the best allocation of the resources in the region, and at last promote the global balance of payments.For the research of the currency unification, at present there are many currency theories that mostly are based on the establishing and criteria of the Theory of Optimum Currency Area. Since the1990s, the development of regional economic integration was very fast, among them, the event of milestone is the establishment of Euro zone. The establishment of Euro zone has taken a good example for other regional monetary integration. It also promoted the process of regional monetary integration.With respect to the monetary integration of the EU, the particularity and complexity of the East Asian region, making the East Asian monetary integration process is relatively slow. What should we do to learn from the Euro Pattern to promote monetary cooperation in East Asia? Which lessons should the East Asia learn and choose what kind of the development Pattern and the specific path? Studying these important questions of reality is good to instruct monetary cooperation in East Asia. These Problems will be studied in this paper. This paper based on the lesson that regional monetary cooperation in East Asia can learned from the Euro Pattern development process, to study the Pattern and the path of the monetary cooperation in East Asia.