Asian Financial Crisis; Lessons from Australian Financial Sector Reforms

Journal of Asian Business, Vol. 14, No. 3, 1998

Posted: 2 Jun 1999

See all articles by Milind Sathye

Milind Sathye

University of Canberra - School of Accounting, Banking and Finance; University of Canberra - School of Business and Government

Abstract

This paper gives an account of the financial sector reforms in Australia and how these helped Australia overcome a mini crisis similar to that of the current Asian crisis. With experience from Australia an economy of the Asian Pacific region it suggests ways out for the present troubled economies of Asia and also for those that are in transition. The main lessons are have firm commitment to reforms, show no compassion to erring banks, take decisive action and use technology for competitive advantage.

Note: This is a description of the paper and is not the actual abstract.

JEL Classification: G21

Suggested Citation

Sathye, Milind, Asian Financial Crisis; Lessons from Australian Financial Sector Reforms. Journal of Asian Business, Vol. 14, No. 3, 1998, Available at SSRN: https://ssrn.com/abstract=164848

Milind Sathye (Contact Author)

University of Canberra - School of Accounting, Banking and Finance ( email )

Canberra, Australian Capital Territory 2601
Australia

University of Canberra - School of Business and Government

Canberra, ACT 2601
Australia

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