San Marino And International Investments
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Author | : Lorenzo Riccardi |
Publisher | : Springer Nature |
Total Pages | : 217 |
Release | : 2023-03-25 |
Genre | : Business & Economics |
ISBN | : 9819903653 |
This book seeks to promote investment opportunities in a global context, given San Marino’s advantageous tax and corporate system. After introducing readers to the country’s historical, geographical and political background, it focuses on current economic trends, business practices and the main institutions for economic development. In turn, the book illustrates San Marino’s unique international status, which supports its active membership in numerous international organizations. Additionally, it reports on the country’s ties with the world’s largest economies. These ties are chiefly characterized by international treaties and Double Tax Agreements (DTAs), which are also analyzed. In closing, the book shares insights into other small European countries’ dealings with San Marino (Andorra, Lichtenstein and Monaco).
Author | : International Monetary Fund. European Dept. |
Publisher | : International Monetary Fund |
Total Pages | : 42 |
Release | : 2016-05-10 |
Genre | : Business & Economics |
ISBN | : 1475526180 |
This paper assesses key issues related to the economy of the Republic of San Marino. It 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. The impact of the global financial crisis, which led to a massive outflow of nonresident deposits and a sharp downsizing of its large financial sector, caused an extraordinary loss of a third of San Marino’s output—the largest in Europe. A number of important steps need to be taken for sustainable growth strengthening the banking system, realigning fiscal policy, and improving flexibility to enable the diversification.
Author | : Sufyan Droubi |
Publisher | : Melland Schill Perspectives on International Law |
Total Pages | : 448 |
Release | : 2022-01-25 |
Genre | : Investments, Foreign |
ISBN | : 9781526155078 |
Latin America and international investment analyses the complex relationships between governments and foreign investors, and the influence of international organisations, corporations, civil society, and indigenous peoples, to examine the contribution that Latin America has made to the theory and practice of international investment law.
Author | : Lorenzo Riccardi |
Publisher | : |
Total Pages | : 0 |
Release | : 2023 |
Genre | : |
ISBN | : 9789819903665 |
This book seeks to promote investment opportunities in a global context, given San Marino's advantageous tax and corporate system. After introducing readers to the country's historical, geographical and political background, it focuses on current economic trends, business practices and the main institutions for economic development. In turn, the book illustrates San Marino's unique international status, which supports its active membership in numerous international organizations. Additionally, it reports on the country's ties with the world's largest economies. These ties are chiefly characterized by international treaties and Double Tax Agreements (DTAs), which are also analyzed. In closing, the book shares insights into other small European countries' dealings with San Marino (Andorra, Lichtenstein and Monaco).
Author | : Theodore H. Moran |
Publisher | : Peterson Institute |
Total Pages | : 442 |
Release | : 2005 |
Genre | : Business & Economics |
ISBN | : 9780881323818 |
This volume gathers the cutting edge of new research on foreign direct investment and host country economic performance, and presents the most sophisticated critiques of current and past inquiries. It presents new results, concludes with an analysis of the implications for contemporary policy debates, and proposed new avenues for future research.
Author | : Gilad James, PhD |
Publisher | : Gilad James Mystery School |
Total Pages | : 110 |
Release | : |
Genre | : Travel |
ISBN | : 3571000285 |
San Marino is a small republic located in the northeastern part of the Italian Peninsula, with a population of just over 33,000 as of 2021. It is surrounded by the Emilia-Romagna region of Italy and is one of the smallest countries in the world. San Marino is the oldest functioning republic in the world, having been established in 301 A.D., and is also the world's smallest landlocked country. San Marino is made up of nine municipalities or "castelli," each with its own distinct character and cultural heritage. The country prides itself on its historic landmarks, including the Three Towers of San Marino, which have stood for centuries and are symbols of the country's independence and resilience. The economy of San Marino is primarily based on tourism, as visitors from around the world flock to see its natural beauty and cultural wonders. Despite its small size, San Marino is home to a thriving artistic community, with many local artists and artisans showcasing their work in galleries and exhibitions throughout the country.
Author | : Jean Ho |
Publisher | : Bloomsbury Publishing |
Total Pages | : 432 |
Release | : 2021-06-03 |
Genre | : Law |
ISBN | : 1509937927 |
This book is the first book-length analysis of investor accountability under general and customary international law, international human rights law, international environmental law, international humanitarian law, as well as international investment law. International investment law is currently facing growing criticisms for its failure to address corruption, abuse, environmental damage, and other forms of investor misconduct. Reform initiatives range from the rejection of international law as a governing regime for investors, to the dramatic overhaul of investment treaties that supposedly enable investor overprotection, to the creation of a multilateral international instrument that would enable the litigation of claims against errant businesses before an international tribunal. Whether these initiatives succeed in disciplining investors remains to be seen. What these initiatives undeniably show however, is that change is warranted to counteract this lopsided investors' international law. Each chapter in the book addresses a different and underexplored dimension of investor accountability, thus offering a novel and consolidated study of international law. The book will be of immense assistance to legal practitioners, academics and policy makers involved in the design, drafting, application and reform of various international instruments addressing investor accountability.
Author | : International Monetary Fund. Western Hemisphere Dept. |
Publisher | : International Monetary Fund |
Total Pages | : 68 |
Release | : 2022-11-23 |
Genre | : Business & Economics |
ISBN | : |
San Marino's economic activity showed remarkable resilience throughout the pandemic. After Russia's invasion of Ukraine, San Marino faced an unprecedented energy price shock which, compounded with a food price shock, led to high inflation and real income erosion. However, strong external demand amidst global supply chain constraints and an elevated inflow of tourists have boosted economic activity so far this year. At the same time, San Marino secured beneficial energy import prices this year and next that have resulted in tariffs below regional peers at minimal fiscal costs. Despite a strong economy, the fiscal position in 2021 remained relatively weak. However, greater reliance on domestic debt along with a large share of long maturing and low interest debt is supporting favorable debt dynamics given higher inflation. Banks' capitalization and profitability improved in 2021, deposits continued to grow, while credit contracted. Progress halted recently while vulnerabilities remain given very large nonperforming assets and weak capitalization.
Author | : International Monetary Fund |
Publisher | : International Monetary Fund |
Total Pages | : 48 |
Release | : 2011-03-30 |
Genre | : Business & Economics |
ISBN | : 1455229113 |
In this study, the economic development and growth of San Marino are discussed. For liquidity management, the Central Bank of San Marino was commended. Different measures have been taken to enhance the operational autonomy of the Central Bank of San Marino (CBSM), buttress supervisory functions, and strengthen Antimoney Laundering and Combating the Financing of Terrorism (AML/CFT). The goals to reduce the fiscal deficit are encouraged, but counseled that the credibility of fiscal plans would be enhanced by a better-articulated strategy. Cuts in public sector employment through attrition and reforms could be the key elements of this strategy.
Author | : International Monetary |
Publisher | : International Monetary Fund |
Total Pages | : 70 |
Release | : 2021-11-23 |
Genre | : Business & Economics |
ISBN | : 1513598449 |
San Marino entered the pandemic with substantial vulnerabilities and still struggling from the consequences of the Global Financial Crisis (GFC). However, the economy has shown significant resilience supported by a timely and targeted policy response. Fiscal support was substantially scaled up after external borrowing was secured, including through a debut Eurobond. The banking system was rationalized, partly capitalized, its liquidity substantially improved, and a strategy is being adopted to address exceptionally high nonperforming loans (NPLs). Some of these measures, while effective, have increased official public debt substantially.