Universalizing Complete Access to Finance: Key Conceptual Issues

Abstract

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EUTrade in Financial Services withASEAN, Policy Coherence for Development and Financial Crisis

“…Unlike physical goods, financial products lack visibility; and unlike many services, their outcomes only become evident sometime after the purchase. Financial institutions may not disclose risks to potential consumers clearly or engage in financial speculation that adversely affects the returns to a financial product (Rai et al ., , p. 274). Creditors and depositors have imperfect information on the actual position of financial institutions.…”