Contributing to Efforts for Greater Financial Markets Stability in APEC Economies (original) (raw)

The paper discusses the importance of financial stability in APEC economies, highlighting the measures taken in response to past financial crises, specifically the Asian Financial Crisis and the 2008 global financial crisis. It outlines various reforms implemented by member countries, focusing on fiscal and monetary policies, banking regulations, and efforts to enhance regulatory coordination and oversight. The Dodd-Frank Act is mentioned as a pivotal response to instability, emphasizing the need for higher capital requirements and a comprehensive regulatory framework to improve resilience in financial markets.