ABSTRACT
Our final chapter turns from the present to a brief guess as to Asia's financial future. How might its possible outcomes compare in five or ten years with financial system architecture and operations in the rest of the world? Will finance in Asia continue to differ in style and structure both within the region and from other states, or undergo a convergence in its commercial behaviour, tolerance for risk, and the institutional basis of activity? How will future Asian finance compare with the Anglo-American model of financial capitalism that for a generation until 2007–8 dominated the growth of innovation and transaction volumes in global intermediation?
