Professor Radu Tunaru at Kent Business School (KBS) has sent his warmest congratulations to Yale University’s Professor Robert Shiller – winner of the 2013 Nobel Prize for Economics.<\/p>\n
Professor Tunaru, who is a specialist in Structured Finance and Director of the University’s Centre for Quantitative Finance<\/a> (CeQuFin) research, has co-authored three papers with Professor Shiller. One of these papers, Property Derivatives for Managing European Real-Estate Risk, also co-authored by Professor Frank Fabozzi, received a Best Paper Award from the European Finance Management Journal in 2011.<\/p>\n Professor Tunaru said: ‘I was absolutely delighted to hear that Robert Shiller had won the Nobel Prize. I have worked with him since 2009 and envisage continuing this line of research on applications of property derivatives to risk management of real-estate risk.’<\/p>\n Professor Tunaru described the outcomes of their collaboration as ‘a viable solution to the problem of stabilisation of financial systems exposed to real-estate risk’.<\/p>\n Alongside the University of Chicago’s Eugene Fama (the ‘father of modern finance’) and Lars Peter Hansen, Professor Shiller received the Prize for his contribution to ’empirical analysis of asset prices’.<\/p>\n Contact:\u00a0g.m.hughes@kent.ac.uk<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"