The system’s exposure to market confidence was enormous. Through all of this, a mirage formed of relentlessly expanding profitability in the financial sector. In the United States, between 2000 and 2006, corporate profits in the sector averaged over 36 per cent of total profits. It appeared briefly that finance was the ruler, rather than a servant of, the real economy.
2  BIS Review 30/2007  Although the cases of relative failure observed since the 70s until the present days are not at all to be neglected, in the micro-finance domain, however, we have to note that Asia is a continent replete with successful experiences.