Republic of San Marino : Selected Issues

Author/Editor:

International Monetary Fund

Publication Date:

March 15, 2010

Electronic Access:

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Summary:

This Selected Issues paper for the Republic of San Marino analyzes options for managing systemic liquidity risk. The paper states that financial dollarization/euroization—as in the case of San Marino—or a currency board arrangement can complicate banking crisis management and increase the vulnerability of financial systems to liquidity shocks because they limit the ability of the monetary authority to act as a lender of last resort. The paper reviews the current pension system of San Marino, in comparison with other European pension systems, and analyzes its sustainability.

Series:

Country Report No. 10/66

Subject:

English

Publication Date:

March 15, 2010

ISBN/ISSN:

9781451982350/1934-7685

Stock No:

1SMREA2010001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

33

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