Danish mortgage model is one to back
The creative thinking behind Denmark’s economic policies is badly needed here
When large swathes of Copenhagen were destroyed by a great fire in 1795, the Danes didn’t let a good crisis go to waste. Within two years they had set up the first Danish mortgage credit institute to help finance the reconstruction of their capital city.
More than 200 years later, the mortgage lending model they established remains much admired, from both a consumer and a prudential perspective.
Jack Guttentag, emeritus professor of finance at the...
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