"We wanted to investigate how second pillar pension funds react to financial crises and how to protect them from the crises," says Kaunas University of Technology (KTU) professor Dr. Audrius Kabašinskas, who, together with his team, discovered a way to achieve this goal. The discovery in question is the development of stress tests for pension funds. Lithuanian researchers were the first in the world to come up with such an adaptation of the stress tests.
