Rai, Suyash; Ananth, Bindu; Mor, Nachiket - Asian Development Bank Institute, Asian Development Bank - 2010
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 … clients. We also highlight some of the important debates that arise in making this stylized financial system a reality. …