Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/53575
Authors: 
Rai, Suyash
Ananth, Bindu
Mor, Nachiket
Year of Publication: 
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

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