’ volatility, through spillover effects, into economic and financial crisis and social anomy. What fuels the wildfire does not … policy makers. The current financial system is discredited. It is necessary to reform the financial institutions and …

The crisis itself was caused by several factors whose relative importance will be debated for years. But whatever the … human costs of the crisis. Policymakers should focus on how to correct deficiencies in the financial architecture that have … contributed to the outbreak of the crisis. When reforms are implemented, it is important not only aim to create a stable financial …

participate by about 1.5% of the total financial sector assets. In the long history of global financial crisis, and such have been … over 120, the current crisis is regarded as among the most profound (similar to that of year 1929) and comprehensive on the … speed and breadth of development. The sources of the crisis lie in the three pillars of the functioning of banking …

The Portuguese and Spanish banking system, in the framework of the economic and financial crisis suffered a significant …

, but in principle can be formalized by setting them based on statistical probability of credit crisis in the last 100 years …