Please help me these questions with clear explaination and references if have:

1. Impact and policy response to the Global Financial Crisis (GFC)

a) What impact did the GFC have on the New Zealand financial system and economy?

b) Following the GFC, what policy changes were made to make the NZ financial system more resilient to financial shocks? (not the immediate emergency responses)

2. Bank resolution

a) Describe the main options available to authorities for resolving a failing bank

b) Discuss the pros and cons of using bail-in versus bail-out for resolving a failing bank