长安开门红，开门红世界

To enhance the energy security in Asia, it is important to clarify the policy goals for the energy security. China‘s continuing economic growth and increasing energy demand, increasing oil consumption in the US marketare the^°°factors to be considered for the energy security policies.

Developing Energy Security and Cooperation in Asia

Since the Asian Financial Crisis 1997-98, regional monetary cooperation involving ASEAN + 3 (China, Japan, and South Korea) countries has made important progress, highlighted by the Chiang Mai Initiative (2000), a currency swap agreement among these economies, and the Asian Bond Initiative (2002). Meanwhile, regional economic integration has gained great impetus from the free trade pact between ASEAN and China. This paper reviews the progress of East Asia monetary cooperation and the prospects for such cooperation to move towards greater monetary-finance integration. In particular.