Here are given historical data of some crisis-stricken Eurozone countries before and at the 2008 global financial crisis. What is the relationship among 2000-2008 annual increase in bank assets (% of GDP), bank assets 2008 and % debt-GDP ratio across countries? Do you agree that all countries should be categorized as a single group?

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Bank Assets (% of GDP) 2000-2008 Annual Bank Assets 2008 % Debt-GDP Ratio Increase 2008 Greece 36 % 173 % 109 85 % 102 Italy Belgium Portugal Ireland 235 % 83 % 392 % 92 44 % 262 % 72 464 % 783 % 43 Spain 121 % 296 % 39 Bank Assets (% of GDP) 2000-2008 Annual Bank Assets 2008 % Debt-GDP Ratio Increase 2008 Greece 36 % 173 % 109 85 % 102 Italy Belgium Portugal Ireland 235 % 83 % 392 % 92 44 % 262 % 72 464 % 783 % 43 Spain 121 % 296 % 39

Answer rating: 100% (QA)

Answer The assets are part of a banks capital includes cash government securities and interestearnin... View the full answer