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The changing role of the state in finance: a global perspective

The financial crisis since 2007-08 has transformed perceptions about the role of the state in finance, but, in Europe as elsewhere, properly calibrating this role remains a policy challenge. This session took advantage of the choice of this contentious theme by the World Bank for its recently published Global Financial Development Report (the first issue of a new yearly flagship series that will provide a complementary perspective to the International Monetary Fund’s Global Financial Stability Report, launched in 2002). The presentation of the report’s key findings served as the basis for a discussion of the EU’s orientation of its rapidly evolving financial-sector policy.

Event materials

  • Event summary here
  • Rethinking the Role of the State in Finance, presentation by Martin Cihak here
  • The changing role of the state in finance: some observations from DG COMP's case practice during the crisis, presentation by Gert-Jan Koopman here

Speakers

  • Martin Cihak, Lead Economist for Financial and Private Sector Development, The World Bank
  • Gert-Jan Koopman, Deputy Director General State Aids, European Commission DG COMP
  • Chair: Nicolas Véron, Senior Fellow, Bruegel