Republic of San Marino: Selected Issues

Publication Date:

March 15, 2010

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

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. 2010/066

Subject:

English

Publication Date:

March 15, 2010

ISBN/ISSN:

9781451982350/1934-7685

Stock No:

1SMREA2010001

Pages:

33

Please address any questions about this title to publications@imf.org