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Republic of San Marino: Selected Issues

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  • International Monetary Fund

Abstract

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.

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  • International Monetary Fund, 2010. "Republic of San Marino: Selected Issues," IMF Staff Country Reports 2010/066, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2010/066
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    References listed on IDEAS

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    1. Edward Whitehouse, 2007. "Life-Expectancy Risk and Pensions: Who Bears the Burden?," OECD Social, Employment and Migration Working Papers 60, OECD Publishing.
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