11. 19 See Holzmann, R. and A. Restoy (eds.). 2022. Central Banks and Supervisory Architecture in Europe – Lessons from Crises in the 21st Century. Cheltenham, UK & Northampton, USA: Edward Elgar. 15  savings motivations that are common to all individuals over their life cycle – housing ownership and retirement financing – and the related market institutions.
In fact, my own previous work argues that private pension funds can provide a particularly important impetus in this context if and when the right reforms are enacted and the right institutions are created.20 Let me now turn to the second revolving theme that caught my attention.