San Marino: Recent Economic Developments

International Monetary Fund

No 1996/091, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper reviews economic developments in San Marino during 1990–94. The country came through the 1992–93 European recession virtually unscathed and took full advantage of the following recovery. Like surrounding areas of Italy, Sammarinese manufacturing and tourism sectors benefited from the depreciation of the lira after September 1992. In addition, the financial sector boomed as political turmoil in Italy caused large capital inflows. In this environment, the unemployment rate—already well below the European average—dropped to 3.8 percent in December 1995.

Keywords: ISCR; CR; firm; net; bank; EU firm; San marino employment growth; gross investment; San marino fiscal policy indicator; net debt financing; asset float; vis-à-vis firm; unemployment rate; employment growth; Sammarinese firm; Budget planning and preparation; Commercial banks; Employment; Public sector; Social security contributions; Europe (search for similar items in EconPapers)
Pages: 90
Date: 1996-09-10
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