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Europe has long been economically and politically active in seeking optimum monetary strategy for the area and still struggles with its currency mechanism. Developing Asia is no exception. Past and present problems of exchange rate regimes in developing countries in Asia-Pacific challenge not only the region but the world financial architecture as a whole. In order to achieve the common goals, the need for regional coordination on monetary policy is inevitable.

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Luong Thanh Tran is currently working as a Research Assistant at the Chair of Economic Policy, Friedrich-Schiller-University Jena, Germany. Prior to joining the Chair, he earned his Master Degree in Economics also in Jena, and Bachelor Degree in Economics and Finance at the University of York, United Kingdom. He was born in Hanoi, Vietnam.

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