CAJ | 학술논문

近年来，东亚外向型经济体呈现出汇率波动联动性加强并导致“实际的”汇率制度变动一致的趋势。本文从东亚日益加深的区域经济一体化的角度出发．分析了各经济体的汇率变化受其重要贸易伙伴经济与政策因素影响．如日美汇率结构波动甚至包括邻国（地区）的汇率与货币政策。这说明经济结构相似、经济周期趋同的东亚各经济体需要一致的汇率制度。本文认为，在目前东亚区域汇率合作机制时机尚未成熟时．各经济体同时采取宽带浮动的一篮子盯住较为现实。而在当前金融动荡的形势下．各国汇率政策协调极为重要。
근년래，동아외향형경제체정현출회솔파동련동성가강병도치“실제적”회솔제도변동일치적추세。본문종동아일익가심적구역경제일체화적각도출발．분석료각경제체적회솔변화수기중요무역화반경제여정책인소영향．여일미회솔결구파동심지포괄린국（지구）적회솔여화폐정책。저설명경제결구상사、경제주기추동적동아각경제체수요일치적회솔제도。본문인위，재목전동아구역회솔합작궤제시궤상미성숙시．각경제체동시채취관대부동적일람자정주교위현실。이재당전금융동탕적형세하．각국회솔정책협조겁위중요。
The fluctuations of exchange rate of East Asian countries are frequent and have showed synchronousness to some extent. From the perspective of increasing Asian economic integration, the author analyzed the facts that the exchange rate regimes in Asian economies are influenced by the fluctuation of Dollar, Yen and neighbor currencies. Consequently, the results showed that economic integration in Asian countries, which have the closer trade linkage and similar business cycles, demands similarities of exchange rate regimes and corresponding path of exchange rate regime reform.