Asian Financial Crisis; Lessons from Australian Financial Sector Reforms
Journal of Asian Business, Vol. 14, No. 3, 1998
Posted: 2 Jun 1999
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: 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
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