Template-Type: ReDIF-Article 1.0 Author-Name: Igor' A. Yakovlev Author-Email: iyakovlev@nifi.ru Author-Workplace-Name: Financial Research Institute, Moscow 127006, Russia Author-Name: Lyudmila S. Kabir Author-Email: lkabir@nifi.ru Author-Workplace-Name: Financial Research Institute, Moscow 127006, Russia Author-Name: Svetlana I. Nikulina Author-Email: snikulina@nifi.ru Author-Workplace-Name: Financial Research Institute, Moscow 127006, Russia Author-Name: Ivan D. Rakov Author-Email: rakov@nifi.ru Author-Workplace-Name: Financial Research Institute, Moscow 127006, Russia Title: Regional Financial Mechanisms and their Role in Financial Stability Ensuring (Experience of ASEAN) 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. Classification-JEL: F36 Keywords: financial globalization, financial stability, integration associations, global financial risks, regional financial mechanisms, ASEAN Journal: Finansovyj žhurnal — Financial Journal Pages: 52-62 Issue: 5 Year: 2016 Month: October File-URL: http://www.nifi.ru/images/FILES/Journal/Archive/2016/5/statii/5_05.pdf File-Format: Application/pdf Handle: RePEc:fru:finjrn:160505:p:52-62