Some economists suspect that one reason why economies in developing countries grow so slowly is that they do not have well-developed financial markets. Does this argument make sense? In no more that 350 words give your reasoning and support your answer by explaining what constitutes asymmetric risks that exist in financial markets. Give 3 examples of major financial intermediaries that make up financial markets, and how these intermediaries can assist mitigate asymmetric risks and generally benefit developing countries economies.

[Please, include references as well]