Feasibility analysis for monetary integration of China's Mainland, Taiwan, Hong Kong and Macao

Facing impacts and negative influences brought about by the situation of dollar-dominated liberalized & globalized international currency, the monetary coordination becomes more necessary for regions of East Asia. In the case of economical relations of China's Mainland, Taiwan, Hong Kong and Macao that become increasingly close the situation is more like this. Based on the standards of Optimum Currency Area theory, and combining the commencement of monetary integration of European Community since 1979, this thesis performs the comparative analyses of the feasibility for China's Mainland, Taiwan, Hong Kong and Macao to establish the Optimum Currency Area. And put forward authors' strategy-choices aiming at the special conditions of China's Mainland, Taiwan, Hong Kong and Macao.