Republic of San Marino: Selected Issues

March 15, 2010

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Republic of San Marino: Selected Issues, (USA: International Monetary Fund, 2010) accessed November 21, 2024

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.

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

Publication Details

Pages:

33
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/066
Stock No:

1SMREA2010001
ISBN:

9781451982350
ISSN:

1934-7685

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