The changing structure of financial intermediation in Asia: Benefits and risks
Over the past two decades, Asian economies have experienced rapid capital market growth
and profound changes in the structure of their financial systems. This paper analyses
key developments in advanced and emerging Asian economies since the global financial
crisis, focusing on market intermediation of sovereign and corporate debt, equity
market development, and the growth of alternative finance and structured products.
This enables a forward-looking assessment of the extent to which developments in the
medium term may contribute to rising risks in the stability of financial intermediation
and sustainable long-term growth with a view to informing policy discussions on economic
opportunities and associated risks.
Available from July 21, 2020
In series:OECD Working Papers on Finance, Insurance and Private Pensionsview more titles