Republic of San Marino: Selected Issues
March 15, 2010
Download PDF
More Formats on IMF eLibrary
Order a Print CopySummary
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.
Subject: Asset and liability management, Banking, Economic sectors, Expenditure, Financial crises, Financial sector, Labor, Lender of last resort, Liquidity, Pension spending, Pensions
Keywords: bank, contribution rate, CR, Europe, Financial sector, Global, ISCR, Lender of last resort, Liquidity, pension, pension contribution, pension expenditure, Pension spending, pension system, Pensions, rate, replacement ratio
Pages:
33
Volume:
2010
DOI:
Issue:
066
Series:
Country Report No. 2010/066
Stock No:
1SMREA2010001
ISBN:
9781451982350
ISSN:
1934-7685
