earticle

영어

The east Asian currency-financial crisis in 1997 brought home to the regional economies an acute need for the more effective financial and monetary cooperation in East Asia. The Chiang Mai Initiative, a currency swap arrangement between East Asia central banks, was one of the first concrete outcomes of the ongoing discussion toward regional monetary and financial cooperation. Apparently, the successful launch of the single European currency in 1999 was an encouraging factor for the East Asian countries to engage in s serious international discussion on the necessity of appropriate financial anf monetary cooperation including the formation of an East Asian monetary bloc. The lauch of euro provided a good example that national currencies can be fused into a single regional currency through compromising domestic policies. This thesis reviews previous policy suggestions and efforts regarding monetary and financial cooperation in East Asia that has been going on since 1997 East Asian currency-financial crisis. The thesis examines the status of East Asian regional economy in terms of exchange rate system and the background of recent monetary cooperation in the region.

한국어

본 연구의 목적은 향후 동아시아에서 전개될 경제통합 및 통화통합의 추진방안을 제시하는데 목적이 있다. 연구의 주요결과는 다음과 같다. 첫째, 거시적 정책전략으로써 먼저 경제적 실익분석을 통한 장기적 금융협력의 방향을 설정해야 할 것이며, 지역 금융협력에서 한국의 역할 정립을 위해 자유협정체결시 금융협력을 포함하는 포괄적 협정을 유도해야 할 것이다. 둘째, 미시적 정책전략으로써 환율공조를 위해 각국의 국내 금융시스템 정비가 필요하며, 동아시아 통화통합에 대한 우리의 입장정립을 명확히 함으로써 어떤 형태의 통합이 국익에 도움이 되는지를 명확히 설정해야 할 것이다.