Economics, Econometrics and Finance
2 years ago

European Debt Crisis Contagion: Is Macau the Next Domino to Fall?

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Analysis of Crisis Contagion in the European Sovereign Debt Crisis Based on MATLAB: Will Macau be the Next Greece?
Tsz Ho Chan, U Kuok, Dong Li, Xin Yue Zhang

Paper Summary

The European Debt crisis started in Greece in 2009 and spread to other countries, causing a global recession. Eurozone countries struggled to fund their budget deficits as confidence in financial markets declined. The study analyzed the contagion effects in the European crisis using MATLAB.

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