The Global Financial Systems Project

Robert C. Merton and Peter Tufano

Forthcoming in Intellectual Venture Capital: Essays in Honor of Dean John H. McArthur, (HBS Press, 1998)

This essay reviews the concept of using the functional perspective to analyze the financial system, summarizes applications of the functional perspective, and highlights research activities at HBS that are part of the Global Financial Systems project, which utilizes this framework.