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http://hdl.handle.net/10419/53575
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| Title: | | Universalizing complete access to finance: Key conceptual issues  |
| Authors: | | Rai, Suyash Ananth, Bindu Mor, Nachiket |
| Issue Date: | | 2010 |
| Series/Report no.: | | ADBI working paper series 256 |
| 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. |
| JEL: | | D14 D18 D53 D91 G00 G18 G21 G28 R20 |
| Document Type: | | Working Paper |
| Appears in Collections: | | ADBI Working Paper Series, Asian Development Bank Institute
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