Global Financial Development Report 2013 : Rethinking the Role of the State in Finance

The goal of this inaugural global financial development report is to contribute to the evolving debate on the role of the state in the financial sector, highlighted from the perspective of development. The report is aimed at a broad range of stakeholders, including governments, international financi...

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Main Author: World Bank
Format: Publication
Language:English
Published: Washington, DC 2012
Subjects:
Online Access:http://documents.worldbank.org/curated/en/2012/09/16750906/rethinking-role-state-finance
http://hdl.handle.net/10986/11848
id okr-10986-11848
recordtype oai_dc
spelling okr-10986-118482021-04-23T14:02:58Z Global Financial Development Report 2013 : Rethinking the Role of the State in Finance World Bank Competition policy Financial crisis Financial development Financial infrastructure Financial sector Global finance Regulation and supervision State and markets State intervention State-owned banks The goal of this inaugural global financial development report is to contribute to the evolving debate on the role of the state in the financial sector, highlighted from the perspective of development. The report is aimed at a broad range of stakeholders, including governments, international financial institutions, nongovernmental organizations, think tanks, academics, private sector participants, donors, and the wider development community. The report offers policy advice based on research and lessons from operational work. The report benchmarks financial institutions and markets around the world, recognizing the diversity of modern financial systems. In its analysis of the state's role in finance, the report seeks to avoid simplistic, ideological views, instead aiming to develop a more nuanced approach to financial sector policy based on a synthesis of new data, research, and operational experiences. The report emphasizes that the state has a crucial role in the financial sector-it needs to provide strong prudential supervision, ensure healthy competition, and enhance financial infrastructure. Because the financial system is dynamic and conditions are constantly changing, regular updates are essential. Hence, this report should be seen as part of an ongoing project aimed at supporting systematic evaluation, improving data, and fostering broader partnerships. Future reports might address financial inclusion, the development of local currency capital markets, the financial sector's role in long-term financing, and the state's role in financing health care and pensions. 2012-10-10T17:25:30Z 2012-10-10T17:25:30Z 2012-09-17 http://documents.worldbank.org/curated/en/2012/09/16750906/rethinking-role-state-finance 978-0-8213-9503-5 http://hdl.handle.net/10986/11848 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC Publications & Research :: Publication Publications & Research
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic Competition policy
Financial crisis
Financial development
Financial infrastructure
Financial sector
Global finance
Regulation and supervision
State and markets
State intervention
State-owned banks
spellingShingle Competition policy
Financial crisis
Financial development
Financial infrastructure
Financial sector
Global finance
Regulation and supervision
State and markets
State intervention
State-owned banks
World Bank
Global Financial Development Report 2013 : Rethinking the Role of the State in Finance
description The goal of this inaugural global financial development report is to contribute to the evolving debate on the role of the state in the financial sector, highlighted from the perspective of development. The report is aimed at a broad range of stakeholders, including governments, international financial institutions, nongovernmental organizations, think tanks, academics, private sector participants, donors, and the wider development community. The report offers policy advice based on research and lessons from operational work. The report benchmarks financial institutions and markets around the world, recognizing the diversity of modern financial systems. In its analysis of the state's role in finance, the report seeks to avoid simplistic, ideological views, instead aiming to develop a more nuanced approach to financial sector policy based on a synthesis of new data, research, and operational experiences. The report emphasizes that the state has a crucial role in the financial sector-it needs to provide strong prudential supervision, ensure healthy competition, and enhance financial infrastructure. Because the financial system is dynamic and conditions are constantly changing, regular updates are essential. Hence, this report should be seen as part of an ongoing project aimed at supporting systematic evaluation, improving data, and fostering broader partnerships. Future reports might address financial inclusion, the development of local currency capital markets, the financial sector's role in long-term financing, and the state's role in financing health care and pensions.
format Publications & Research :: Publication
author World Bank
author_facet World Bank
author_sort World Bank
title Global Financial Development Report 2013 : Rethinking the Role of the State in Finance
title_short Global Financial Development Report 2013 : Rethinking the Role of the State in Finance
title_full Global Financial Development Report 2013 : Rethinking the Role of the State in Finance
title_fullStr Global Financial Development Report 2013 : Rethinking the Role of the State in Finance
title_full_unstemmed Global Financial Development Report 2013 : Rethinking the Role of the State in Finance
title_sort global financial development report 2013 : rethinking the role of the state in finance
publisher Washington, DC
publishDate 2012
url http://documents.worldbank.org/curated/en/2012/09/16750906/rethinking-role-state-finance
http://hdl.handle.net/10986/11848
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