What's a Vexillium Bank?
What will the bank do?
So, what do you want from my country?
So, how much work's involved?
What's this I hear about a trade and economic database?
Surely this is just Utanian self-interest? ;-)
How'd you come up with this crazy idea?
Okay, pal, what the heck are you on about? What is this Vexillium Bank?
The Vexillium Bank will fulfill the roles of the World Bank, the International Monetary
Fund (IMF) and World Trade Organisation (WTO) of the fictional planet of "Earth".
Though highly vilified, these three organisations, nonetheless, play a vital role in the
economic world, and I think it is important that Vexillium has the same "villians" available:
just think of the storylines we can now develop that weren't around before!
The role of the World Bank is to make development loans to nations in need of
development dollars and expertise. Nations don't just approach other nations or national banks
for loans. If Burundi wanted money for a new roads, and was not able to pay for the roads
through taxes for twenty years or so, then they would approach the World Bank for a development
loan. The World Bank was the organisation that helped to rebuild war-torn Europe, and continues
to fund trillions of dollars worth of development projects around the world.
The IMF, the most vilified of all, especially in Asia, is the organisation that makes
loans to nations for 3-5 years to tide them over, while they endure difficulties. It is
the IMF that has billions of USD in Asia, helping these countries stay afloat after the asian
crisis. BUT, they are also there to provide loans to any country in the world, primarily for
currency stabilisation, to prevent a currency sliding through the floor.
And the WTO is there to promote world trade.
Okay, sure, but what will this Vexillium Bank do?
Let's say Eichensehria, a new developing nation, needs several billion Crowns for a
power station, roads and hospitals, and will be able to save together the money in about
The second role the bank (more precisely ME for the time being) will have will be to maintain
an economic and trade database.
- it should email/E*Group the Bank and request
a development loan. A form will also be available from this site.
- The Board, a sub-list of the membership (basically as many as want to be on the Board,
I think we can accommodate, within reason), will vote yea or nay.
- If they vote "Yea", to raise the money, the Bank will issue Bonds at various attractive
interest rates. These can be purchased by anyone in the world, including non-member
- Because the loan is issued to Eichensehria at 0% (hey, we can't be accused of
bankrupting nations!), it will be up to the member nations to cover the interest on the
bonds through a small fee, which will also cover the Bank's administration, etc...
What's this about a trade and economic database?
Expansive storylines can be developed if we have an understanding of the international
economics of Vexillium. We could apply economic sanctions against a country (by order of the
UNV) and actually know what the impact on the victim nation is. If one or two other nations
refuse to apply sanctions, we could say with some authority what impact that will have on
It will also allow us to know the effect if one nation or another falls under revolution,
warfare, etc.. Remember the Kobe earthquake in Japan? Remember how the price of microchips for
the next year or two was twice or thrice the normal price? That's what we're talking about.
Let's say the Lendian Confederation is the world's ONLY producer of copper,
then if it falls to revolutionaries, and exports are banned, there's a world copper shortage
with enormous repercussions: no more electrical goods can be manufactured! This may then
prompt the world to stiffer action against the revolutionaries, and get, maybe, a bigger story
out of a small revolt.
To begin with, we'll start small, but with something that has the greatest international
impact: the oil industry.
All oil producers and consumers can state their production and consumption amounts,
and the producers can also state how much they want to sell their oil for. I'll compile all
of these numbers, and develop the Vexillium Standard Oil Price. From there, oil shocks and
price rises, embargoes and OPEC's of Vexillium can evolve and have a real impact. Whenever
a change occurs, a country changes its price, or production levels, it will be a simple matter
of plugging in the new numbers into the database, and out pops the effect on Vexillium!
Alright, but how much work is involved if my country becomes a member?
Not much. If you're a Board member, then check the E*group at least once every two
weeks for Board decisions required. If not, all you really need to do is supply economic
figures: oil consumption/production figures and national economic size for the time being.
Further information on the Projects page.
Alright, but what do you want from my country?
The Bank needs members in order to function.
And from ALL nations, members or not:
- Members will pay an annual levy, which will pay off the interest that development-loaned
countries may not be able to pay.
- Members will elect a Board of Directors. These people will decide which countries get
loans and funding, and at what interest rate.
So, sign-up now as a member: send me an email. Then,
take the pin-logo below and apply it to your site.
- I have compiled a list of nations on the Statistics page, their population, their
economic size, and a key to indicate whether it appears they're first, second or third
world nations. Though taken from your respective web sites, I need to know whether
these are correct.
- I have also listed the nations' oil producing or consuming capabilities. I've based it
on the nation's economic size and rating (first, second or third world). Let me know
if this too needs adjusting.
Surely this is just Utanian self-interest?
Well, Utania will certainly be one of the first nations to apply for a loan, but if all
Utania wanted out of this was capital funding, it would have just approached various nations
for loans. This way we have something so much more... ;-D
What made you come up with this crazy idea?
Utania was about to embark on a series of funds-raising bouts, because the country is
in dire need of a cash injection, when I realised that countries on earth don't borrow from
eachother, they borrow from the World Bank.
Secondly, I thought investors (the loan-makers) need some assurance that they'll get
their money back. It's the bank's job to act as the professional mediator in this situation,
to ensure that the recipient continues to service the loan.
It occurred to me that the Burovian Commonwealth already had a good inter-nation loans
scheme going, but it was exclusively for Burovian nations, and unless we ALL elect Burovian
governments... [I'm sure Max'd be only too happy... ;-) ]
The most important reason was that we have no way of realisticly implementing
sanctions on a recalcitrant nation, unless we have an understanding of world trade:
who trades with whom, how much and what's the product. Then, when we need to apply sanctions
we can authoritatively say "Recalcitrantia is suffering from a complete lack of rubber, and a
baby boom begins".
Finally, after some searching around, I discovered that Scandia have a World Bank: Hey!
WE'RE the first, the premier, the original! Surely this cannot be tolerated! ;-)