Rethinking the Role of the State in Finance

This publication seeks to explore the role of the state in financial development. The report analyzes the state as a financial sector regulator, overseer, promoter, and owner. The report calls for the state to be a strong regulator and overseer that provides financial infrastructure needed for financial development. The publication suggests that direct government intervention in financial markets may be disadvantageous and cause economic inefficiencies. These claims are backed with data from a variety of sources and surveys.