Analysis of the Prospects of the East Asian Currency Cooperation

The theory of Optimum Currency Area provides a theoretical basis and practical guideline for the establishment development of the European Monetary Union . On the basis of Analyzing both the causes of currency cooperation of East Asia and the condition of forming currency union, this article holds; to fulfil the East Asian currency cooperation, we may consider assuming step-by -step measures, i. e. , to set up, first of all, sub-regional currency area before the transition to all the nations and areas in East Asia.