Rethinking the role of the state in finance
Author(s)
Bibliographic Information
Rethinking the role of the state in finance
(Global financial development report, 2013)
World Bank, c2012
- : paper
Available at 16 libraries
  Aomori
  Iwate
  Miyagi
  Akita
  Yamagata
  Fukushima
  Ibaraki
  Tochigi
  Gunma
  Saitama
  Chiba
  Tokyo
  Kanagawa
  Niigata
  Toyama
  Ishikawa
  Fukui
  Yamanashi
  Nagano
  Gifu
  Shizuoka
  Aichi
  Mie
  Shiga
  Kyoto
  Osaka
  Hyogo
  Nara
  Wakayama
  Tottori
  Shimane
  Okayama
  Hiroshima
  Yamaguchi
  Tokushima
  Kagawa
  Ehime
  Kochi
  Fukuoka
  Saga
  Nagasaki
  Kumamoto
  Oita
  Miyazaki
  Kagoshima
  Okinawa
  Korea
  China
  Thailand
  United Kingdom
  Germany
  Switzerland
  France
  Belgium
  Netherlands
  Sweden
  Norway
  United States of America
Note
Includes bibliographical references (p. 175-194)
Description and Table of Contents
Description
Global Financial Development Report 2013 is the first in a new World Bank series. It provides a unique contribution to financial sector policy debates, building on novel data, surveys, research, and wide-ranging country experience, with emphasis on emerging-market and developing economies.
The global financial crisis has challenged conventional thinking on financial sector policies. This volume re-examines a basic question: what is the proper role of the state in financial development? To address the question, this report:
Synthesises new and existing evidence on the state's performance as financial sector regulator, overseer, promoter, and owner.
Calls on state agencies to provide strong regulation and supervision and ensure healthy competition in the sector, and to support financial infrastructure, such as the quality and availability of credit information.
Warns that direct interventions - such as lending by state-owned banks, used in many countries to counteract the crisis - may end up being harmful.
The report also tracks financial systems in more than 200 economies before and during the global financial crisis.
The report's findings and policy recommendations are relevant for policy makers; staff of central banks, ministries of finance, and financial regulation agencies; nongovernmental organisations and donors; academics and other researchers and analysts; and members of the finance and development community.
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