How does the speaker describe the potential contagion effect in the market?
Turkey Contagion to Spread for Several Weeks, Economist Hunter Says
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Business, Social Studies
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University
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Hard
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The video discusses Turkey's economic risk, drawing parallels to the 1997 Asian financial crisis. It highlights an IMF report showing Turkey, the US, and China as countries with increasing debt. The discussion covers the impact of debt on banks and potential contagion effects, particularly on European banks exposed to Turkey and Asian debt.
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OPEN ENDED QUESTION
3 mins • 1 pt
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2.
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What role do European banks play in the context of Turkey's economic situation?
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