Reviews evidence from economic research on the relationship between financial intermediation, growth and employment, focusing on macroeconomic aspects. Shows how developments in the financial sector do contribute to economic growth and highlights the importance of the ability of firms to raise...

The 2006 Article IV Consultation on San Marino explains financial sector development and stability. A wide-ranging reform of the regulatory framework and supervision is under way to modernize the financial sector and make it conform to international standards. Executive Directors encouraged to...

India’s financial system compares favorably internationally, but rising credit risk and liquidity pressures are putting it under strain. The staff report for India’s 2008 Article IV Consultation discusses economic developments and policies. The authorities have already taken...