Republic of San Marino: Selected Issues
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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. 2010/066
Subject:
Asset and liability management Banking Economic sectors Expenditure Financial crises Financial sector Labor Lender of last resort Liquidity Pension spending Pensions
English
Publication Date:
March 15, 2010
ISBN/ISSN:
9781451982350/1934-7685
Stock No:
1SMREA2010001
Pages:
33
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