Now that govts are guaranteeing banks, the question becomes which govt has the most liquid money to guarantee the banks.
Not good for govts that guarantee based on words.
I would expect capital controls to be imposed within months on countries that can't back their bank guarantee with real money.
If money cannot be easily transferred out to make payment, how will it affect the domain market?
Monetary Authorities with the largest foreign reserves in 2008.
Rank Country/Monetary Authority billion USD (end of month) change in year 2007
1 Flag of the People's Republic of China People's Republic of China $ 1905 (Sept) 1 +32.9%
2 Japan $ 997 (August) +8.7%
3 Russia $ 546 (October 03) 2 [1] +56.8%
â Flag of Europe Eurozone $ 555 (July) +16.6%
4 India $ 291 (September 19) 2 +64.4%
5 Flag of the Republic of China Republic of China (Taiwan) $ 282 (August) [2] +2.7%
6 South Korea $ 243 (August) +9.7%
7 Brazil $ 205 (Aug 31) 3 +105.9%
8 Singapore $ 175 (July) +19.1%
9 Hong Kong $ 158 (August) +14.6%
10 Germany $ 137 (August) +20.3%
Not good for govts that guarantee based on words.
I would expect capital controls to be imposed within months on countries that can't back their bank guarantee with real money.
If money cannot be easily transferred out to make payment, how will it affect the domain market?
Monetary Authorities with the largest foreign reserves in 2008.
Rank Country/Monetary Authority billion USD (end of month) change in year 2007
1 Flag of the People's Republic of China People's Republic of China $ 1905 (Sept) 1 +32.9%
2 Japan $ 997 (August) +8.7%
3 Russia $ 546 (October 03) 2 [1] +56.8%
â Flag of Europe Eurozone $ 555 (July) +16.6%
4 India $ 291 (September 19) 2 +64.4%
5 Flag of the Republic of China Republic of China (Taiwan) $ 282 (August) [2] +2.7%
6 South Korea $ 243 (August) +9.7%
7 Brazil $ 205 (Aug 31) 3 +105.9%
8 Singapore $ 175 (July) +19.1%
9 Hong Kong $ 158 (August) +14.6%
10 Germany $ 137 (August) +20.3%
