What are three things countries can do to minimize the probability of being hit by a severe international financial of a crisis?

Countries can minimize the risk of severe international financial crises by implementing robust regulatory frameworks that oversee financial institutions, ensuring they maintain adequate capital reserves and risk management practices. Diversifying their economies can also reduce dependence on volatile sectors, making them more resilient to external shocks. Additionally, fostering strong international cooperation and communication among countries can help in early detection of potential crises and facilitate coordinated response efforts.