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  • In that case, however, the vast differences in household debt (Figure 2) ??? ranging from 25% of GDP in emerging Asia (Southeast Asia, China, India, Hong Kong, and South Korea) to more than 90% in the US and other Anglo-Saxon economies (including Australia, Canada, Ireland, New Zealand, and the United Kingdom) ??? would reflect only a dissimilarity in taste.A more plausible explanation is that ins
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