Rethinking the Role of the State in Finance

Title Rethinking the Role of the State in Finance
Author Name The World Bank
Link http://hofinet.org/documents/doc.aspx?id=1427


This new report measures financial systems before and during global crisis, reexamines the role of the state in the financial sector
  • As the crisis subsides, the state‚Äôs role should focus less on direct interventions and more on improving supervision, competition and financial infrastructure
  • Governments should aim to better align private incentives with public interest without taxing or subsidizing private risk-taking

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