10 Pages


This book tells a simple story that has many technical components and multiple outcomes. We fi rst describe Asia’s modern economic development, then explain intermediation, and fi nally show and question how that process operates in important Asian settings. That anything related to modern fi nance can be simple seems odd in this age of fi nancialization, especially in the wake of the global fi nancial crisis of 2007-9, when the complexities of modern fi nancial market practice became widely known for the fi rst time in history, if not properly understood.