Research On Asian Financial Governance Model

With the deepening of economic globalization,the world is gradually becoming a continuous integration of the whole.The accompanying problems of globalization also arise.These global problems can not be solved by a certain country or a few countries,but require consultation and cooperation among countries to solve global problems.Regional financial governance as part of global financial governance,when the global level of reform is difficult to promote,the regional level of governance has become a global level of governance alternative,regional financial governance will promote the development of global financial governance.In recent years,with the rapid rise of Asian economy,to China,ASEAN,India,represented by the emerging countries have been seen as an important force to promote world economic development.Asia as part of the world,is subordinate to the global sub-region,to promote the process of Asian financial development,improve the system of financial markets,is conducive to promoting the global financial and economic development,to maintain the prosperity and stability of the world economy.In order to explore the financial governance model applicable to Asia in a more comprehensive and accurate way,this paper analyzes the development of Asian financial governance from the perspective of Asia as a whole and the Asian regional perspective,based on the theory of global financial governance.This paper expounds the current monetary cooperation process in Asia,the exchange rate system of each country,the control of capital flows and the development trend of Asian overall financial market.At the same time,the Asian regional and sub-regional cooperation was analyzed,the typical ASEAN development process,ASEAN +3 and three ASEAN +1 agreement to promote China and Japan and ASEAN countries trade interaction.And analysis of the current Asian financial governance problems,Asia in monetary cooperation is still facing many obstacles,has not yet formed a system of financial regulatory system.The European Union,the North American Free Trade Area,the African Union and so on are the successful examples of regional economic cooperation,but also to other countries and regions aware of the unity of the common governance of financial development problems is the trend.This paper systematically analyzes the governance of these regional economic groups using different governance models,monetary cooperation,stable exchange rate and strengthening financial supervision.The governance process of these regional organizations also provides valuable experience for financial governance in Asia.Finally,from different angles,elaborated the power governance model,cooperation path and order mode and the characteristics of regional expansion model.This paper analyzes the current situation of Asian financial and economic development under the above types of governance models,analyzes the impact of different governance models on Asian financial development,and compares the governance models applicable to Asian financial development.The results show that from the perspective of the development of Asian financial governance,the multi-level governance model,the governance model extended from the center to the periphery and the management mode of interregional cooperation apply to the development of Asian finance.