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Open up financial system information and restore the trust, economists urge


$s Published: . Tagged in finance


Financial transparency paved the way to unprecedented global economic progress over the past century, but lately, the system seems to have taken a step backwards. Peruvian economist Hernando de Soto says the roots of the latest economic crisis and malaise not only stem from fear and greed, but also from lack of information. At the same time, noted analyst Robert Shiller made a call for more effective data collecting to provide greater clarity into the underpinnings of the economy

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