In speaking of Palle’s contributions to economics, I would be remiss if I did not mention their international flavour. Having conducted research for many years at the OECD and then the BIS, it was perfectly natural that international comparisons would play a big role in his work. Of course he had his favourite countries.
There are now three types of saving and loan societies: employer-based societies such as Teachers and Elcom; provincial-based societies like the East New Britain Savings and Loan society; and superannuation-based societies, such as NASFUND.