Government financial regulation and growth

Roles for e-government in financial regulation and monitoring

Governments are deploying new information and communications technology in response to the global financial crisis. These electronic government technologies have the potential to deliver imaginative options for policy-making processes as well as for the debates that surround them. For governments, the current most critical issue is how to rebuild trust in a system of financial weaknesses and go...

Chapter 8 Impediments to Growth Regulation and Government Ownership

Few would argue that economic growth is the sole aim of society or, as conventionally measured, it is always an unmitigated blessing. Development can brings with it a degradation of the environment and the narrowing of ecological diversity. Certain industries, although not many, are natural monopolies or at best unstable oligopolies feared by the public as taking advantage of their privileged p...

Government Banking and Economic Growth in Iran

One of the measures taken by the 1979 Revolutionary Government of Iran was to denounce the mixed public-private ownership of the banking system of the pre-revolutionary era and implement a full scale banking nationalization and merging scheme. Since then the banking system has been operating under close supervision and scrutiny of the government - exercising its power to impose a variety of res...

Financial Intermediation and Government Debt Default

Recent empirical evidence suggests that the major cost of sovereign default lies in its effects on the domestic financial system, rather than any external sanctions. To explore this link, we extend the banking model of Gertler and Karadi (2011) to allow banks to hold risky long-term government debt, and then incorporate bank runs following Gertler and Kiyotaki (2013). Banks face an agency probl...

FINANCIAL STRUCTURE, SAVING AND GROWTH: SAFETY NETS, REGULATION, AND RISK REDUCTION IN GLOBAL FINANCIAL MARKETS By