东亚金融和货币合作的政治经济学分析

Monetary and Financial Cooperation in East Asia from the Perspective of Political Economics

东亚金融危机之前,东亚地区就已经有了某种程度的金融和货币合作,但程度较低,在危机到来时没有能有效地抵御和防止扩散。东亚地区的金融和货币合作中缺乏足够的领导力来推进地区合作和确保合作的成功。东亚金融和货币合作的前景有赖于各国对监督和控制机制的接受程度。

Before East Asia financial crisis, there had been financial and monetary cooperation to some degree in East Asia. But that kind of cooperation was in such a low level that it could not effectively deter the crisis and prevent it from spreading. This essay believes that there lacks enough leadership in the financial and monetary cooperation of East Asia, that is to say, no country or economical community could provide enough leadership to push regional cooperation and guarantee the success of cooperation. The lack of knowledgeable leadership and the regional 'last creditor' is the result of ineffective cooperation. That Japan did not provide enough enterprising leadership is the main cause of the failure of Asian Monetary Fund. The essay finally maintains the future of East Asian financial and monetary cooperation depends on the degree of accepting being supervised and controlled by each country.