Work Package 2 will explore the many facets of the financial systems in a wide range of countries, from different disciplinary perspectives. It will develop a framework for comparative analysis of finance the financial systems, and financialisation in nation states. The application of this framework in empirical work will yield important new information on national financial systems, their evolution, performance, and possible reform.
The work will feed into WP3 that deals with the causes and consequences of the financial crisis.
The results gained in WP2 and WP3, will inform the work undertaken in WP4 on regulation of the financial sector. There are synergies between the policy aspects of WP4, and WP9 that focuses on macroeconomic policies and the financial sector.