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Regional Financial Mechanisms and their Role in Financial Stability Ensuring (Experience of ASEAN)

Author

Listed:
  • Igor' A. Yakovlev

    (Financial Research Institute, Moscow 127006, Russia)

  • Lyudmila S. Kabir

    (Financial Research Institute, Moscow 127006, Russia)

  • Svetlana I. Nikulina

    (Financial Research Institute, Moscow 127006, Russia)

  • Ivan D. Rakov

    (Financial Research Institute, Moscow 127006, Russia)

Abstract

This article provides the analysis of regional financial cooperation development among ASEAN members and reveals the main directions of financial initiatives and created mechanisms. The authors developed a technique of global financial risks diagnosing based on studying of indicators dynamics in a certain time span. By applying their own created method the authors assess the efforts made by ASEAN members to counteract the financial instability by means of regional financial mechanisms built within ASEAN. They also make assumptions of the possible strengthening directions of the interaction among ASEAN members in the financial sphere.

Suggested Citation

  • Igor' A. Yakovlev & Lyudmila S. Kabir & Svetlana I. Nikulina & Ivan D. Rakov, 2016. "Regional Financial Mechanisms and their Role in Financial Stability Ensuring (Experience of ASEAN)," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 5, pages 52-62, October.
    • Handle: RePEc:fru:finjrn:160505:p:52-62
    as

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    References listed on IDEAS

    as
    1. Sa, S. & Guerin, J., 2006. "Recent developments in monetary and financial integration in Asia," Financial Stability Review, Banque de France, issue 8, pages 111-129, May.
    2. Jaume Puig-Forne & Mr. Ken Miyajima & Rebecca McCaughrin & Mr. Peter Dattels, 2010. "Can You Map Global Financial Stability?," IMF Working Papers 2010/145, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    financial globalization; financial stability; integration associations; global financial risks; regional financial mechanisms; ASEAN;
    All these keywords.

    JEL classification:

    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration

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