Regional Currency Cooperation: Theory, Practice, and Asian Choices

Author: Li Fuyou
Publisher:
Publish Date: 2004-11-01
Features: This book first systematically reviews the literature on monetary cooperation, and on this basis, it reviews the main theories and reform ideas of international and regional monetary cooperation. It analyzes the effectiveness and development status of these theories, providing a theoretical foundation for studying the international coordination of Asian monetary cooperation and policies. Secondly, it conducts a logical analysis of the regional monetary reform practices and development processes from the 8th century to the present, based on the chronological evolution. Through a comparative analysis of the motivations, models, exchange rate regimes, macroeconomic policies, organizational management, and institutional construction of monetary cooperation in Europe, America, and Africa, it proposes experiences that can beed by Asia and insights into monetary cooperation. Thirdly, it explores the progress and achievements of Asian economic cooperation and monetary cooperation, points out the prospects and existing problems, and delves into the paths, models, cooperation principles, and policy choices of Asian monetary cooperation. Finally, it uses the Mundell-Fleming model under multi-country conditions to conduct an empirical analysis of the theory and practice of international coordination of Asian economic policies, proposing goals and development approaches for the coordination of economic policies among Asian countries.