Pick a country and find out its historical unemployment numbers leading back to 2005. How did its labor laws influence its recovery from the Financial Crisis? Discuss both the impact on the broader economic recovery as well as the impact on the progression of wages in the country. 2. The U.S. Savings and Loan (S&L) Crisis in the 1980's, in some respects, bore many similarities to the collapse of Spain's cajas, in which a coordinated failure of regional financial institutions harmed the nation's financial stability. Following the 2008 financial crisis in the U.S., much of the calls for increased regulation centered on systemically important banks deemed "too big to fail". Discuss the "dangers" posed to financial systems by both localized financial institutions and large, globally important financial institutions. 3. Choose a developed country and describe its financial system. What are its defining or unique characteristics? How do these characteristics make the country more or less susceptible to financial crises?