|
The
recent Asian experience with financial
convergence suggests that financial proliferation
largely facilitates new lines of business
in financial services and affects the
real economy more from the demand side
through the debt-financed household expenditure
it promotes. Thus excessive exposure to
retail markets becomes a source of fragility
in these countries just as it did in the
developed countries.
*
This article was originally published
in the Business Line on 3 September 2012.
September 5, 2012. |
|
|
|
This Document is in Adobe
Acrobat format and would
need a PDF reader to
view it. |
|
 |
View/
Download the
full text in PDF format |
|
if
you have problem
opening the file, right click
on hyperlink and select "SaveTarget
as" to save
the file on your hard drive. |
|
|
|
| |
|
Click below
to get Adobe
Acrobat Reader, a free software
to view and print Adobe Portable
Document Format (PDF) files. |
|
 |
|
|
|
| |
|