If the state wants to get back off the playing field, it will have to adapt the rules of the game. What we need is improved financial sector regulation. 3. Financial sector regulation  However, as I see it, we should not go from occasionally placing too much trust in market forces to making excessive demands of state regulation.
Past and current crises underscore an additional lesson. Then as now, international or regional financial crises require a coordinated response to safeguard the stability of the world’s financial system.