Networks Matter: Explaining How States Have Responded To The Global Financial Crisis

The global financial crisis from 2007-2009 has generated countless conferences and studies, books, both from popular and academic presses, articles, and is shaping current and future research agenda. Financial services sector crisis are not new (Reinhart and Rogoff, 2009). Crises tend to follow similar patterns. Of interest, the response of states and jurisdictions to this most recent crisis differed. The objective of this paper is to consider this variance. The analysis compares Canadian, American and European financial services sector policy reform in response to the global financial crisis.