Republic of San Marino: 2015 Article IV Consultation-Staff Report; Press Release; And Statement by the Executive Director for the Republic of San Marino
Author:   International Monetary Fund Euro Dept
Publisher:   International Monetary Fund
ISBN:  

9781475533149


Pages:   40
Publication Date:   08 April 2015
Format:   Electronic book text
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Republic of San Marino: 2015 Article IV Consultation-Staff Report; Press Release; And Statement by the Executive Director for the Republic of San Marino


Overview

Over the last half decade, San Marino s economy has managed to weather the implosion of its offshore banking model, the global crisis, and Italy s decision to put San Marino on a tax blacklist. Together, these shocks resulted in a loss of a third of output since 2008, caused banking system NPLs to rise to over 40 percent with the largest bank requiring 13 percent of GDP in public support and pushed up net public debt by some 20 percent of GDP (from virtually nil five years ago). Looking forward, the economy is stabilizing, reflecting the inclusion of San Marino in Italy s tax whitelist, but downside risks persist.

Full Product Details

Author:   International Monetary Fund Euro Dept
Publisher:   International Monetary Fund
Imprint:   International Monetary Fund
ISBN:  

9781475533149


ISBN 10:   1475533144
Pages:   40
Publication Date:   08 April 2015
Audience:   General/trade ,  General
Format:   Electronic book text
Publisher's Status:   Active
Availability:   Available To Order   Availability explained
We have confirmation that this item is in stock with the supplier. It will be ordered in for you and dispatched immediately.

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