The Baltics Today

Robert J. Shiller visiting Lithuania: prevention of asset bubbles is the basis of financial stability

The global financial crisis showed that the real estate price bubbles could have dire consequences not only for banks, but for nations as well and, finally – for all tax payers. Therefore, restructuring is necessary, which would help block new bubbles, in the words of Robert J. Shiller, an economist, current Nobel Prize laureate, and Yale University professor of Lithuanian descent, writes LETA/ELTA, referring to the Bank of Lithuania.... Read more...

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