Globalisation and domestic shocks While enhanced international risk-sharing should dampen the national impact of economic and financial shocks, the international mobility of factors of capital, labour, finance, firms and technologies can either amplify or dampen shocks.
Guarantees of this size must inherently be short-lived, and we must now prepare for the time after its expiry. Don’t count on an extension of the scheme. It will be replaced by an increased deposit guarantee of kr. 750,000, and until the end of next year its will be possible to subscribe to guarantees for individual loans applying until the end of 2013.