Confiscating Russian assets would be ‘cataclysmic’ for dollar – Nobel Prize winner

Confiscating Russian assets would be ‘cataclysmic’ for dollar – Nobel Prize winner

The unprecedented step would push countries to use alternative currencies, Robert Shiller has warned The dollar’s standing as a reserve currency would be jeopardized if the West confiscates frozen Russian assets to aid Ukraine, Nobel Prize-winning economist and Yale University professor Robert Shiller said in an interview with Italian news outlet La Repubblica published on…

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