financial growth

February 28, 2018

Socially Useless? The Crucial Contribution of Finance to Economic Life

Financial firms serve many useful functions which individuals and households could scarcely undertake on their own. These functions include maturity transformation, matching lenders and borrowers at low cost, facilitating the transfer of risk and consumption across time and between people, monitoring, and diversification of investments.
May 10, 2016

Shadow Economy Is Caused by Bad Government Decisions, Not “Bad” People

Over the past year, the shadow economy in Lithuania has decreased from 27% to 26% of the GDP. This is not surprising as, according to the same calculations, the shadow economy has been contracting for five consecutive years.