Senior Honors Projects, 2010-2019

Creative Commons License

Creative Commons License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.

Date of Graduation

Summer 2016

Document Type


Degree Name

Bachelor of Business Administration (BBA)


Department of Economics


Vipul Bhatt


The recent debt crisis in the European Union has resulted in the differential treatment of Greece’s debt due in large part to market perception. This is evident in the large differences in credit default swap spreads between Greece and other periphery countries in Europe. The goal of this thesis is to explore the differential treatment, and determine the magnitude of this difference. In order to do this, a fixed effect regression is implemented to first determine that a difference exists. Then, a perception index is created in order to determine the magnitude of the market perception. Using these methods we find that Greek debt was treated differently even when compared to other periphery countries.



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