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consumption and mortgage markets allow us to increase consumption immediately by giving up future spending opportunities … accordingly. For this reason, pension and mortgage systems play a key role to individual savings decisions. This dissertation is … pension and mortgage features. …
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The rise of a crisis-prone banking sector and its political power has received significant attention following the most recent financial crisis. The crisis sparked a growing interest in understanding how and why we have created a world of large, unstable banks. Excessive banking activity arose...
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