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You are looking at 1 - 10 of 19 items for :

  • Economic theory and methods x
  • San Marino, Republic of x
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Cover IMF Staff Country Reports
Republic of San Marino: Staff Report for the 2022 Article IV Consultation—Informational Annex
International Monetary Fund. Western Hemisphere Dept.

REPUBLIC OF SAN MARINO

Keywords:
financing item; reserve liability; financial asset; reporting of financial soundness indicators; article IV consultation discussion; Financial statistics; Monetary statistics; Exchange rate arrangements; Government finance statistics
Cover IMF Staff Country Reports
Republic of San Marino: Staff Report for the 2021 Article IV Consultation-Informational Annex
International Monetary Fund. European Dept.

REPUBLIC OF SAN MARINO

Keywords:
financing item; financial asset; reserve liability; article IV consultation discussion; currency of San Marino; Financial statistics; Balance of payments statistics; Government finance statistics; Monetary statistics
Cover Policy Papers
Fifteenth General Review of Quotas— Additional Considerations and Data Update
International Monetary Fund. Finance Dept., International Monetary Fund. Strategy, Policy, &, Review Department, and International Monetary Fund. Statistics Dept.
This paper provides background for a further round of discussions on the Fifteenth General Review of Quotas (hereafter 15th Review). The paper builds on work presented in previous staff papers and Directors’ views expressed in three meetings of the Committee of the Whole in September 2017 and February 2018. No proposals are presented at this stage, pending further Board guidance on possible approaches to narrowing the current differences of views.
Keywords:
data update; quota share; GDP blend; quota formula reform; quota resource; Purchasing power parity; Capital flows; Capital account; Balance of payments statistics; Reserve assets; Africa; Global; Middle East; Western Hemisphere
Cover IMF Staff Country Reports
Republic of San Marino: 2020 Article IV Consultation-Press Release and Staff Report
International Monetary Fund. European Dept.
This 2020 Article IV Consultation discusses that San Marino is now facing very significant challenges owing to the recent coronavirus disease 2019 (COVID-19) outbreak, which has taken a heavy toll on local population and businesses. The staff report reflects discussions with the Sammarinese authorities in January 2020 and is based on the information available as of January 31, 2020. It focuses on San Marino’s near- and medium-term challenges and policy priorities and was prepared before COVID-19 became a global pandemic and resulted in unprecedented strains in global trade, commodity, and financial markets. It, therefore, does not reflect the implications of these developments and related policy priorities. The outbreak has greatly amplified uncertainty and downside risks around the outlook. Staff is closely monitoring the situation and will continue to work on assessing its impact and the related policy response in San Marino and globally. With no credible measures to restore banking system health and in the face of a continued weak external environment, economic growth is projected to remain subdued in the coming years. Slow progress in repairing the banking system and failure to restore fiscal sustainability are the key and material risks.
Keywords:
ISCR; CR; authority; law enforcement personnel; containment measure; health crisis; loan instalment; near-term effort; vis-à-vis nonresident; government liquidity buffer; Commercial banks; Nonperforming loans; Financial statistics; Pension spending
Cover IMF Staff Country Reports
Republic of San Marino: Staff Report for the 2020 Article IV Consultation—Informational Annex
International Monetary Fund. European Dept.

2020 Article IV Consultation-Press Release and Staff Report

Keywords:
ISCR; CR; authority; law enforcement personnel; containment measure; health crisis; loan instalment; near-term effort; vis-à-vis nonresident; government liquidity buffer; Commercial banks; Nonperforming loans; Financial statistics; Pension spending; Sta government finance statistics; Sta balance of payments statistics; financing item; reserve liability; positions vis-à-vis nonresident; Government finance statistics; Balance of payments statistics; Monetary statistics
Cover IMF Staff Country Reports
Republic of San Marino: Staff Report for the 2019 Article IV Consultation—Informational Annex
International Monetary Fund. European Dept.

2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of San Marino

Keywords:
ISCR; CR; government; Sammarinese authorities; state support; staff; banking system; Sta balance of payments statistics; financing item; social security fund; Financial statistics; Government finance statistics; Balance of payments statistics; Monetary statistics
Cover IMF Staff Country Reports
Republic of San Marino: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of San Marino
International Monetary Fund. European Dept.
This 2018 Article IV Consultation highlights that San Marino’s economy rebounded in 2016, on the back of recovering domestic demand and important gains in employment. However, the growth momentum slowed in 2017 amid financial sector uncertainties around a sizable loss at the largest bank and a closure of a small bank. Only moderate growth is projected in the near and medium term. The economy is projected to grow at 1.3 percent in 2018, driven by domestic demand. Private consumption is expected to recover gradually, and an externally financed investment project will add a significant boost to investment, which otherwise lacks support from the deleveraging banking sector.
Keywords:
ISCR; CR; government; Sta balance of payments statistics; authorities of the Republic of San Marino; IMF staff calculation; liability positions vis-à-vis nonresident; growth momentum; banking system vulnerability; banking sector vulnerability; banking sector clean-up; banking sector repair; Commercial banks; Financial sector stability; Financial statistics; Tax allowances; Europe; Global
Cover IMF Staff Country Reports
Republic of San Marino: Staff Report for the 2018 Article IV Consultation—Informational Annex
International Monetary Fund. European Dept.

2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of San Marino

Keywords:
ISCR; CR; government; Sta balance of payments statistics; authorities of the Republic of San Marino; IMF staff calculation; financial asset; financing item; Sta government finance statistics; Balance of payments statistics; Monetary statistics; Government finance statistics
Cover IMF Staff Country Reports
Republic of San Marino: Staff Report for the 2017 Article IV Consultation—Informational Annex
International Monetary Fund. European Dept.

A moderate recovery has set in, supported by an increasing number of new firms and rising employment. Fiscal deficits are contained and some efforts are underway to assess and better address test banking sector weaknesses. However, the challenges of restoring financial stability, creating fiscal space, and achieving sustainable growth remain considerable.

Keywords:
ISCR; CR; staff appraisal; CRSM's capital adequacy ratio; Cassa di Risparmio di San Marino; surveillance committee; Sta government finance statistics; Sta balance of payments statistics; money market rate; financial asset; liability positions vis-à-vis nonresident; Financial statistics; Balance of payments statistics; Government finance statistics
Cover IMF Staff Country Reports
Republic of San Marino: Staff Report for the 2016 Article IV Consultation—Informational Annex
International Monetary Fund. European Dept.

Context: A subdued recovery has started to settle in. However, downside risks persist. San Marino's economy remains in transition following the implosion of its offshore banking model in the aftermath of the global crisis, resulting in the loss of a third of output. Challenges: Lay foundations for sustainable growth strengthening the banking system, realigning fiscal policy with new economic realities, and improving flexibility to enable the diversification of economic activity.

Keywords:
ISCR; CR; economy; IMF staff calculation; Sammarinese authorities; Sta balance of payments statistics; money market rate; San Marino's exchange system; financing item; balance of payments account; trade statistics; Financial statistics; Balance of payments statistics; Government finance statistics; Monetary statistics