Provide a summary of the following articles

https://www.oecd.org/finance/financial-markets/9999887590000.pdf

https://www.oecd-ilibrary.org/docserver/478726422222905-9 en.pdf?expires=1628752640&id=id&accname=guest&checksum=8EF75067D00419E8054EFBF9548CD0B

Based on the article answer the following questions

1. What made the major banks almost get bankrupt? Explain how the government failed to remedy this situation.

2. Discuss a risk dispersion partly facilitated by the global interconnection of banks and financial markets

3. Provide an overview of how to think about the problem.

4. Discuss how at the micro level regulatory, tax and structural distortions create principal-agent problems.

5. What are the phases used to deal with crisis?