Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5091099 | Journal of Banking & Finance | 2008 | 11 Pages |
Abstract
The expansion of the State-as-insurer has played a major role in the long-term growth of the public sector, but we are probably reaching the turning point. Because of its manifold failures, the State-as-insurer is facing crisis all around the world, with exploding expenditures. This will probably induce a shift in the private-public frontier, which makes it much more important than in the past to regulate the insurance industry efficiently. Coming back to the failures of the State-as-insurer, we should underline the role played by this flawed hypothesis that sets market logic and private interest against public interest.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Denis Kessler,