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Implications for increasing the saving rate

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'Other Lending Institutions' such as saving institutions in the US are/were developed mainly to provide mortgages to households to help fulfil part of 'The American Dream" of home ownership which is usually interpreted as a single family detached dwelling, with a yard. In the rest of the world such institutions play different roles. Compare and contrast the roles of such institutions in the US and Europe and what are the implications for increasing the saving rate in both locations?

Reference no: EM133075342

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