Una aproximación a la crisis griega desde la teoría de juegos

Abstract

The 2007 USA financial crisis impacted in the European Union (EU) countries. The EU states suffered in 2009 the greatest fall in their economic activities since the II World War. Some EU countries with higher previous economics imbalances, like Greece, suffered the distrust of financial markets and had to implement austerity policies. Greece was one of the first EU countries to show financial crisis signs due to increase its sovereign risk. In the present work we analyzed, from the principles of game theory, how different financial agents (Greek Government, Investors and the EU), made decisions that led into Greece crisis. The financial agents decisions are shown as a dynamic game with complete information. This paper also provides the solution of the game through Nash equilibrium.

Keywords

• Games and Economics
• Financial crisis
• Game Theory
• Greek crisis