Universalizing Complete Access to Finance: Key Conceptual Issues

Suyash Rai, Bindu Ananth and Nachiket Mor
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Suyash Rai: Asian Development Bank Institute
Bindu Ananth: Asian Development Bank Institute

No 256, ADBI Working Papers from Asian Development Bank Institute

Abstract: In this paper, we present two stylized models of the financial system. We make the case that in order to realize the potential of a well-functioning complete financial market, financial system designers and financial service providers will need to think about ways to deliver financial propositions that are customized to individual households by responding to their unique circumstances. This will entail the presence of proximate, well-trained providers that intermediate between the customer and those large “product manufacturers” whose goal is financial well being and not merely product sales. These providers would need to use expertise in financial advice or wealth management to develop integrated financial propositions for clients. We also highlight some of the important debates that arise in making this stylized financial system a reality.

Keywords: financial system; financial products providers; financial well being (search for similar items in EconPapers)
JEL-codes: D14 D18 D53 D91 G00 G18 G21 G28 R20 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2010-12-10
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Related works:
Working Paper: Universalizing Complete Access to Finance: Key Conceptual Issues (2010)
Working Paper: Universalizing Complete Access to Finance: Key Conceptual Issues (2010)
Working Paper: Universalizing Complete Access to Finance: Key Conceptual Issues (2010)
Working Paper: Universalizing Complete Access to Finance: Key Conceptual Issues (2010)
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