Global Financial Development Report 2013 is the first in a new World Bank series. It provides a unique contribution to financial sector policy debates, building on novel data, surveys, research, and wide-ranging country experience, with emphasis on emerging-market and developing economies. The...

Contributors -- About the co-editors -- Background on George Kaufman's contributions to the finance profession -- Public policy and financial economics : comments to honor George G. Kaufman / Charles L. Evans -- 57 years of banking changes and ideas / Alex J. Pollock -- Theory vs. practice and...

Preface -- The post-crisis regulatory landscape : an overview -- Regulatory issues in the aftermath of the crisis -- Financial regulation as a response to corruption and fraud -- The war on regulation : REH, WC, GM and all that -- The efficient market hypothesis as a weapon of mass destruction...

The global financial crisis has prompted economists to rethink fundamental questions on how governments should intervene in the financial sector. Many countries have already begun to reform the taxation and regulation of the financial sector—in the United States, for example, the Dodd–Frank...