3 tanker om “Can the Danish “Realkredit” fix the US mortgage system?”
“we will review the characteristics of the Danish system that has helped Denmark survive financial crises for over two hundred years”
Seems that they forgot the bankruptcy of the Danish state in 1813.
Actually the “realkredit” system survived even during a state bankruptcy. An interesting point when considering the strongness of the balancing system in the danish model (not comparable the the danish model on the labour market). Besides the bankruptcy in 1813 was more a personal bankruptcy for the king of Denmark (who was in fact identical to the state of Denmark) than a state bankruptcy in the modern sense.
“we will review the characteristics of the Danish system that has helped Denmark survive financial crises for over two hundred years”
Seems that they forgot the bankruptcy of the Danish state in 1813.
True. Maybe they meant 196 years?
Actually the “realkredit” system survived even during a state bankruptcy. An interesting point when considering the strongness of the balancing system in the danish model (not comparable the the danish model on the labour market). Besides the bankruptcy in 1813 was more a personal bankruptcy for the king of Denmark (who was in fact identical to the state of Denmark) than a state bankruptcy in the modern sense.
/Nicolai