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The 1997 outburst of Asian financial crisis, exposed that various Asia countries lack the system to deal with the international financial crisis and suit for the economic globalization. ... By the Theory of Optimum Currency Areas and cost and return analysis theory of the optimum currency areas and the lessons from the integrated European currency, we can study the feasibility of the single currency of Asia and implement procedures. ... The first part Recommended the Theory of Optimum Currency Areas and cost and return analysis theory of the optimum currency areas.
Approximate Word count = 394
Approximate Pages = 1.6
(250 words per page double spaced)
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