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a. How did the decline in housing prices help trigger the subprime financial crisis that began in 2007? (Hint: Chapter 12 of Mishkin, 2016) b.
a. How did the decline in housing prices help trigger the subprime financial crisis that began in 2007? (Hint: Chapter 12 of Mishkin, 2016)
b. How did the global financial crisis promote a sovereign debt crisis in Europe?
c. Explain how efficient Malaysia has performed in managing the crisis then.
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