TY  - BOOK
ED  - World Bank.
TI  - Rethinking the role of the state in finance /
T2  - Global financial development report
SN  - 0821395033
PY  - 2012///
CY  - Washington, D.C.
PB  - World Bank
KW  - Banks and banking
KW  - Government policy
KW  - Economic policy
KW  - Finance
KW  - Institutional economics
KW  - State, The
N1  - Includes bibliographical references (p. 175-194)
N2  - 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
UR  - http://elibrary.worldbank.org/doi/book/10.1596/978-0-8213-9503-5
ER  -