01667cas a2200241 a 4500 AALejournalIMF011845 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475503418 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Republic of San Marino : Staff Report for the 2012 Article IV Consultation. Washington, D.C. : International Monetary Fund, 2012. 1 online resource (57 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This 2012 Article IV Consultation highlights that rising unemployment, stagnant wage growth, and lower confidence have all contributed to falling private consumption and low inflation in San Marino. Financial sector balance sheets have continued to compress on the back of steady outflows of deposits. Directors have welcomed the measures taken to contain the 2012 budget deficit but called for a comprehensive medium-term consolidation plan, given growing fiscal risks. Directors have also stressed the need for a deficit-financing plan, which could involve issuing debt instruments on capital markets. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2012/108 Full text available on IMF http://elibrary.imf.org/view/journals/002/2012/108/002.2012.issue-108-en.xml IMF e-Library