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Understanding the Complexity of Modern Financial Systems

Total Cost €


EC-Contrib. €






Project "COMPLEXITY" data sheet

The following table provides information about the project.


Organization address
address: REGENT S PARK
city: LONDON
postcode: NW1 4SA

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country United Kingdom [UK]
 Total cost 1˙498˙947 €
 EC max contribution 1˙498˙947 € (100%)
 Programme 1. H2020-EU.1.1. (EXCELLENT SCIENCE - European Research Council (ERC))
 Code Call ERC-2015-STG
 Funding Scheme ERC-STG
 Starting year 2016
 Duration (year-month-day) from 2016-04-01   to  2021-03-31


Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    LONDON BUSINESS SCHOOL UK (LONDON) coordinator 1˙498˙947.00


 Project objective

The modern financial system has undergone immense transformation in recent years and is far more complex than ever before. In lockstep, financial regulation has also become more complex. This research proposal attempts to improve our understanding of potential drivers of this complexity and the implications of this change on the allocation of resources.

Taking a positive rather than a normative approach, I will analyse post-crisis changes at both the micro- and at the macro-levels to create a broader understanding of complexities in the current financial system. In order to do so, I will employ a set of advanced research designs, as well as a uniquely assembled micro-level dataset covering state and privately owned financial institutions in Asia, Africa, South America and Europe.

This project will focus on two interconnected areas of research: 1) Organisation of Credit, 2) Financial regulation in a complex environment. The aim of this project is to create a sustainable framework for the study of post-crisis financial systems, and to shape the current debate on the future of post-crisis financial structures and the development of policy in this area. Not only will this research have a considerable impact on our understanding of financial systems, it will also impact fields beyond finance, like Organisational Economics, Industrial Organisation and Development Economics.


year authors and title journal last update
List of publications.
2017 Raymond Fisman, Daniel Paravisini, Vikrant Vig
Cultural Proximity and Loan Outcomes
published pages: 457-492, ISSN: 0002-8282, DOI: 10.1257/aer.20120942
American Economic Review 107/2 2019-06-19
2016 M. Behn; R. Haselmann; V. Vig
The Limits of Model-Based Regulation
published pages: , ISSN: 1725-2806, DOI: 10.2866/906624
Journal of Finance (revise and resubmit) 2019-06-19
2019 Rainer Haselmann, Shikhar Singla and Vikrant Vig
Supra National Supervision
published pages: , ISSN: , DOI:
2018 Ramin Baghai, Rui Silva, Viktor Thell, Vikrant Vig
Talent in Distressed Firms: Investigating the Labor Costs of Financial Distress
published pages: Revise and Resub, ISSN: 1556-5068, DOI: 10.2139/ssrn.2854858
SSRN Electronic Journal Journal of Finance (Revise and 2019-06-19
2018 Jose Maria Liberti, Amit Seru, Vikrant Vig
Information, Credit, and Organization
published pages: , ISSN: 1556-5068, DOI: 10.2139/ssrn.2798608
SSRN Electronic Journal Journal of Financial Economics 2019-06-19
2018 Janis Skrastins, Vikrant Vig
How Organizational Hierarchy Affects Information Production
published pages: 564-604, ISSN: 0893-9454, DOI: 10.1093/rfs/hhy071
The Review of Financial Studies 32 (2) 2019-06-19
2019 Rainer Haselmann, Shikhar Singla and Vikrant Vig
Supra National Supervision
published pages: , ISSN: , DOI:
2019 Yael Eisenthal-Berkovitz, P Feldhutter, Vikrant Vig
LBO Risk and Credit Spreads
published pages: , ISSN: , DOI:
Journal of Financial Economics (forthcoming) 2019-06-07
2019 R Fisman, A Sarkar, J Skrastins, V Vig
Experience of Communal Conflicts and Inter-group Lending
published pages: , ISSN: , DOI:
Journal of Political Economy (accepted with minor revisions) 2019-06-07
2017 Bo Bian, Rainer Haselmann, Thomas Kick, Vikrant Vig
The Political Economy of Bank Bailouts
published pages: , ISSN: , DOI:

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The information about "COMPLEXITY" are provided by the European Opendata Portal: CORDIS opendata.

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