Abstract and Keywords
The relationship between state and finance has been a recurring question in financial history. From weak state intervention at the beginning of nineteenth century to increasing regulation since the middle of the twentieth century, then the 1980s’ liberalization followed by the the post-2008 crisis reinforcement of regulation, developed countries followed the same ebb and flow in state policy. Among the several shapes of state intervention in finance area, particular emphasis is placed on the role of the public debt and state financing. These topics are connected with the role of the state as a regulator, as only a broad perspective of its different roles gives a complete view of this major actor in the financial system. Beyond these classical analyses, the relationships between state and finance are seen in their reciprocal influence in political decisions and business strategies, through the approach of social networks and political studies.
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