Question: 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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