The view from MaRS, already distilled through a large number of papers and conferences, should constitute a critical input to those matters in the coming years. In expanding our modelling frameworks, let me insist on the merits of pragmatism. As Paul Krugman once said, “economists as a group mistook beauty, clad in impressive-looking mathematics, for truth”.14 Let’s not be too easily seduced by beauty.
As explained earlier, those affiliated companies have not contributed to increasing the profits of financial institutions, while the future developments in the area of consumer loans warrant attention. (3)  Lending to small- and medium-sized firms, and provision of risk money  Third, fund provision to small- and medium-sized firms.