The development of Sino-ASEAN financial cooperation is moving ahead and is inconvertible. In order to solve the problem of the exchange rates, careful study should be put into a reasonable mechanism that deals with exchange rates so as to promote and stabilize the development of the economy in that area. Through a careful study on the changes of exchange rates, fixed exchange rate mechanism, the advantage and disadvantage of the floating rates, the control of the capital market, the target areas of the exchange rates and the potential causes of currency crisis in the international monetary system, this essay discusses the potential problems which might arise in Sino-ASEAN financial cooperation.
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