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.