KBA Workshop - Euromoney Conferences
KBA Workshop - Euromoney Conferences
KBA Workshop - Euromoney Conferences
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
The “demand following”<br />
hypothesis:<br />
Inspiring economic growth and high levels of<br />
development ultimately create demands for<br />
particular types of improved financial systems.<br />
That is, as the economy becomes more<br />
sophisticated, increased demand for many<br />
services and increasingly adept settings are<br />
inevitable, among which is an increased demand<br />
for financial deepening. The financial system<br />
would eventually respond to this increased<br />
demand.