Author: Ilya I. Trifonov, postgraduate of Global Economy & International Business Dept; Vera M. Yagodkina, Dr. Sc. (Ec.), Prof. of Journalism & Economics of Media Dept.

Abstract: The author studies the peculiarities of implementation of the largest economic initiatives on development of monetary and credit relations in East Asian countries. The article shows the main results of implementation of these initiatives and proves their low efficiency. The priority measures on development of regional monetary relations such as building regional monetary policy surveillance system and up-to-date financial markets infrastructure are determined.

Key words: development of monetary relations; East Asian countries; initiatives on building monetary cooperation system; regional arrangement of monetary liquidity backing.