Rethinking the role of the state in finance

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 globa...

Full description

Bibliographic Details
Corporate Author: World Bank
Format: eBook
Language:English
Published: Washington, D.C World Bank 2012
Series:Global financial development report
Subjects:
Online Access:
Collection: World Bank E-Library Archive - Collection details see MPG.ReNa
LEADER 02295nmm a2200313 u 4500
001 EB002098944
003 EBX01000000000000001239034
005 00000000000000.0
007 cr|||||||||||||||||||||
008 221013 ||| eng
020 |a 9780821395035 
020 |a 0821395033 
245 0 0 |a Rethinking the role of the state in finance  |h Elektronische Ressource  |c The World Bank 
260 |a Washington, D.C  |b World Bank  |c 2012 
300 |a xx, 194 p  |b col. ill  |c 27 cm 
653 |a Institutional economics 
653 |a Economic policy 
653 |a Finance / Government policy 
653 |a State, The 
653 |a Banks and banking / Government policy 
710 2 |a World Bank 
041 0 7 |a eng  |2 ISO 639-2 
989 |b WOBA  |a World Bank E-Library Archive 
490 0 |a Global financial development report 
500 |a Includes bibliographical references (p. 175-194) 
028 5 0 |a 10.1596/978-0-8213-9503-5 
856 4 0 |u http://elibrary.worldbank.org/doi/book/10.1596/978-0-8213-9503-5  |x Verlag  |3 Volltext 
082 0 |a 330 
520 |a 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. Launched on the fourth anniversary of the Lehman Brothers collapse-a turning point in the crisis-this volume re-examines a basic question: what is the proper role of the state in financial development? To address the question, this report synthesizes new and existing evidence on the state's performance as financial sector regulator, overseer, promoter, and owner. It 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. It also 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