Universalizing Complete Access to Finance: Key Conceptual Issues

19 Pages Posted: 22 Dec 2010

See all articles by Suyash Rai

Suyash Rai

affiliation not provided to SSRN

Bindu Ananth

Independent

Nachiket Mor

Independent

Date Written: December 10, 2010

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

JEL Classification: D14, D18, D53, D91, G00, G18, G21, G28, R20

Suggested Citation

Rai, Suyash and Ananth, Bindu and Mor, Nachiket, Universalizing Complete Access to Finance: Key Conceptual Issues (December 10, 2010). ADBI Working Paper No. 256, Available at SSRN: https://ssrn.com/abstract=1729061 or http://dx.doi.org/10.2139/ssrn.1729061

Suyash Rai (Contact Author)

affiliation not provided to SSRN ( email )

Bindu Ananth

Independent ( email )

Nachiket Mor

Independent ( email )

10th Floor IITM Research Park
Taramani
Chennai, Tamil Nadu 600113
India

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
88
Abstract Views
1,086
Rank
541,634
PlumX Metrics