Impact of GFC not over for Australia

money-business-TO-standardProfessor of Economics and Finance at Queens University in Canada, Dr Milne warns that the widely held belief that Australia and Canada have avoided the worst of the financial crisis is premature.

‘Australia and Canada were lucky because their economic fortunes were tied up in the burgeoning growth of China,’ said Professor Milne.

‘However both nations are vulnerable to international events. The world is still in the midst of an evolving sovereign debt crisis with Greece and some other countries struggling to avoid economic collapse.’

Professor Milne is heading to La Trobe University’s Bendigo Campus on Tuesday 20 March, where he will present a public lecture entitled The Great Financial and Sovereign Crises. The lecture will be video-cast to the University’s Melbourne campus in Bundoora.

Event organiser and Senior Lecturer at the La Trobe University Regional School of Business Dr Ruth Williams, says the free public lecture is a must for members of the community interested in the financial future of their country.

‘This is a rare opportunity for members of the public to hear from a pre-eminent financial economist on the GFC and the Euro-zone crisis and its implications for Australia,’ said Dr Williams.

‘Professor Milne’s visit is a huge honour for La Trobe and a great opportunity for the communities in Bendigo and Melbourne to learn about extremely important implications of the GFC for businesses in Australia and Canada from one of the world’s foremost economists.’

Dr Williams said that Professor Milne is highly regarded in academia, the private sector and government.

After graduating from Bendigo Senior Secondary College, Professor Milne built a career as a highly respected economist. Professor Milne has consulted governments and banks extensively in Australia Canada and the United Kingdom.

During the initial stages of the Global Financial Crisis he was appointed Special Advisor to the Bank of Canada. While there he advised the Bank on the financial crisis and led a workshop for researchers on recent theoretical models of finance stability.

He is an Associate Editor for Mathematical Finance, founding Member of the Bachelier Society and Associate Editor of Annals of Finance.

The free public lecture is presented by La Trobe University in collaboration with Bendigo and Adelaide Bank. It will take place on Tuesday 20 March in La Trobe University’s Circular Theatre will commence at 6.00pm. The lecture is being video-cast to Room 3.69, Martin Building at the University’s Melbourne Campus in Bundoora.

ENDS

Media enquiries

Zerin Knight, Ph (03) 5444 7375 F (03) 5444 7526 M 0428 463 161 E z.knight@latrobe.edu.au

or

Tom O’Callaghan, Ph (03) 5444 7415 F (03) 5444 7526 M 0408 900 469

E T.OCallaghan@latrobe.edu.au