IDEAS home Printed from https://ideas.repec.org/p/eab/microe/23281.html
   My bibliography  Save this paper

Universalizing Complete Access to Finance : Key Conceptual Issues

Author

Listed:
  • Suyash Rai

    (Asian Development Bank Institute (ADBI))

  • Bindu Ananth
  • Nachiket Mor

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.

Suggested Citation

  • Suyash Rai & Bindu Ananth & Nachiket Mor, 2010. "Universalizing Complete Access to Finance : Key Conceptual Issues," Microeconomics Working Papers 23281, East Asian Bureau of Economic Research.
  • Handle: RePEc:eab:microe:23281
    as

    Download full text from publisher

    File URL: http://www.eaber.org/node/23281
    Download Restriction: no

    References listed on IDEAS

    as
    1. Wignaraja, Ganeshan, 2001. "Firm Size, Technological Capabilities and Market-Oriented Policies in Mauritius," UNU-INTECH Discussion Paper Series 1, United Nations University - INTECH.
    2. Kimura, Fukunari & Ando, Mitsuyo, 2005. "Two-dimensional fragmentation in East Asia: Conceptual framework and empirics," International Review of Economics & Finance, Elsevier, vol. 14(3), pages 317-348.
    3. Marc J. Melitz, 2003. "The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity," Econometrica, Econometric Society, pages 1695-1725.
    4. Hank Lim & Fukunari Kimura, 2010. "The Internationalization of Small and Medium Enterprises in Regional and Global Value Chains," Microeconomics Working Papers 22812, East Asian Bureau of Economic Research.
    5. Prema-chandra Athukorala, 2011. "Production Networks and Trade Patterns in East Asia: Regionalization or Globalization?," Asian Economic Papers, MIT Press, pages 65-95.
    6. Dijk, van M., 2001. "The Determinants of Export Performance in Developing Countries: The Case of Indonesian Manufacturing," Working Papers 02.01, Eindhoven Center for Innovation Studies.
    7. Morihiro Yomogida & Laixun Zhao, 2010. "Two-Way Outsourcing, International Migration, and Wage Inequality," Southern Economic Journal, Southern Economic Association, vol. 77(1), pages 161-180, July.
    8. Lim, Hank & Kimura, Fukunari, 2010. "The Internationalization of Small and Medium Enterprises in Regional and Global Value Chains," ADBI Working Papers 231, Asian Development Bank Institute.
    9. Analia Erbes & Veronica Robert & Gabriel Yoguel, 2010. "Capacities, innovation and feedbacks in production networks in Argentina," Economics of Innovation and New Technology, Taylor & Francis Journals, pages 719-741.
    10. Sanjaya Lall, 1986. "Technological development and export performance in LDCs: Leading engineering and chemical firms in India," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), pages 80-92.
    11. Iammarino, Simona & Padilla-Pérez, Ramon & von Tunzelmann, Nick, 2008. "Technological Capabilities and Global-Local Interactions: The Electronics Industry in Two Mexican Regions," World Development, Elsevier, vol. 36(10), pages 1980-2003, October.
    12. Elhanan Helpman & Marc J. Melitz & Stephen R. Yeaple, 2004. "Export Versus FDI with Heterogeneous Firms," American Economic Review, American Economic Association, pages 300-316.
    13. Lall, Sanjaya, 1992. "Technological capabilities and industrialization," World Development, Elsevier, vol. 20(2), pages 165-186, February.
    14. Ganeshan Wignaraja, 2002. "Firm Size, Technological Capabilities and Market-oriented Policies in Mauritius," Oxford Development Studies, Taylor & Francis Journals, pages 87-104.
    15. Hank Lim & Fukunari Kimura, 2010. "The Internationalization of Small and Medium Enterprises in Regional and Global Value Chains," Working Papers id:3113, eSocialSciences.
    16. Charles HARVIE & Dionisius NARJOKO & Sothea OUM, 2010. "Firm Characteristic Determinants of SME Participation in Production Networks," Working Papers DP-2010-11, Economic Research Institute for ASEAN and East Asia (ERIA).
    17. Wakelin, Katharine, 1998. "Innovation and export behaviour at the firm level," Research Policy, Elsevier, pages 829-841.
    18. Heinz Hollenstein, 2005. "Determinants of International Activities: Are SMEs Different?," Small Business Economics, Springer, pages 431-450.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Cyn-Young Park, 2015. "Financial Inclusion, Poverty, and Income Inequality in Developing Asia," Working Papers id:6654, eSocialSciences.
    2. Vivek Rao, 2015. "Developing the Financial Sector and Expanding Market Instruments to Support a Post-2015 Development Agenda in Asia and the Pacific," Working Papers id:6632, eSocialSciences.
    3. Cyn-Young Park, 2015. "Financial Inclusion, Poverty, and Income Inequality in Developing Asia," Working Papers id:6654, eSocialSciences.

    More about this item

    Keywords

    Access to Finance; stylized models of the financial system; financial market; financial system;

    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • D18 - Microeconomics - - Household Behavior - - - Consumer Protection
    • D53 - Microeconomics - - General Equilibrium and Disequilibrium - - - Financial Markets
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • G00 - Financial Economics - - General - - - General
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • R20 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eab:microe:23281. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Shiro Armstrong). General contact details of provider: http://edirc.repec.org/data/eaberau.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.