The ineffectiveness of state as a controller and owner

Bojańczyk, Mirosław (2010): The ineffectiveness of state as a controller and owner.

Abstract

The global market is largely a game without rules and without an arbitrator able to dispense necessary medicine. Undoubtedly, the crisis has caused the emergence of new challenges, which require the active role of the state in various areas. States play the role of owners of companies and market regulators. Unfortunately governments were not performing these functions adequately. Those therefore, who themselves committed many mistakes, must improve not just the mis-functioning market, but also a defectively functioning state; or, to put it otherwise, they must improve themselves.

• Item Type: MPRA Paper
• Language: English
• Keywords: state; capital markets; regulations; financial crisis
• Subjects: N - Economic History > N2 - Financial Markets and Institutions > N20 - General, International, or Comparative; E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E44 - Financial Markets and the Macroeconomy; G - Financial Economics > G0 - General > G01 - Financial Crises

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