The Bank of Lebanon PDF Download

Author: Abdul-Amir Badrud-Din
Publisher: Pinter Publishers
ISBN:
Category : Business & Economics
Languages : en
Pages : 256

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Author: Hicham Safieddine
Publisher: Stanford University Press
ISBN: 1503609685
Category : History
Languages : en
Pages : 370

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Book Description
In 1943, Lebanon gained its formal political independence from France; only after two more decades did the country finally establish a national central bank. Inaugurated on April 1, 1964, the Banque du Liban (BDL) was billed by Lebanese authorities as the nation's primary symbol of economic sovereignty and as the last step towards full independence. In the local press, it was described as a means of projecting state power and enhancing national pride. Yet the history of its founding—stretching from its Ottoman origins in mid-nineteenth century up until the mid-twentieth—tells a different, more complex story. Banking on the State reveals how the financial foundations of Lebanon were shaped by the history of the standardization of economic practices and financial regimes within the decolonizing world. The system of central banking that emerged was the product of a complex interaction of war, economic policies, international financial regimes, post-colonial state-building, global currents of technocratic knowledge, and private business interests. It served rather than challenged the interests of an oligarchy of local bankers. As Hicham Safieddine shows, the set of arrangements that governed the central bank thus was dictated by dynamics of political power and financial profit more than market forces, national interest or economic sovereignty.

Author: Antoine Edouard Asseily
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 236

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Author: Antoine Edouard Asseily
Publisher:
ISBN:
Category : Banks and banking, Central
Languages : en
Pages : 608

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Author: Yahya Ahmed Mahmasani
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 124

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Author: Antoine Edouard Asseily
Publisher:
ISBN:
Category : Banks and banking, Central
Languages : en
Pages : 0

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Book Description
This study is an analysis and appraisal of the newly established central bank in Lebanon. The Charter granting the privately owned Banque de Syrie et du Liban the privilege of note issue in Lebanon expired on 31st March 1964 and was not renewed, A state owned institution, the Bank of Lebanon, was created to take over the functions of the Issuing Department of the Banque de Syrie et du Liban and was given central banking powers. This was the most important development in Lebanese banking history since the Banking Secrecy Law of 1956. When a central bank is newly established in a developing country, there is always the danger that it will be dominated by traditional notions of central banking, and insufficient regard paid to the particular characteristics of the economy in which it is to operate. The result may well be the establishment of an ineffective central bank. The problem considered here is whether in Lebanon there was a need for a change from the old system, that is whether or not the Banque de Syrie et du Liban was adequate for the requirements of the country, and if not what sort of a change was required. The development and working of the Lebanese banking system is analysed with special reference to the role that might be required of a central bank. Particular emphasis is placed on the significance of the foreign banks and the very active money market which traditionally provided an effective lender of last resort. The problems of economic development in the Lebanon are outlined and in the light of these problems, of the nature of the economy and of the Government's economic plans, the important functions that could well be served by a central bank are discussed. It is concluded that the Beque de Syrie et du Liban, essentially an Issuing Bank, was not adequate for the requirements of the economic development of the country, and that a central bank was needed. But the Bank of Lebanon, as actually constituted will only marginally help in the economic development of the country.

Author:
Publisher:
ISBN:
Category : Electronic funds transfers
Languages : en
Pages : 100

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Author: Humam Kamel Sha'ar
Publisher:
ISBN:
Category : Banks and banking, Central
Languages : en
Pages : 372

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The term 'Central Bank' is comparatively modern, and the domain of the theory of Central Banking is an unmapped land. But there existed certain banking institutions (such as the Bank of England) which by virtue of their history, have acquired preponderating influence. These institutions are today operating as Central Banks, and the theory on which they actually operate is supposed to exemplify the principles of Central Banking. It is the purpose of the following pages to expose the principles and functions of Central Banking in general and particularly in Lebanon, through a systematic process of analysis. The study will examine cases of particular supervisory institutions in a number of countries. The study begins with a description of the evolution of Central Banking through the practices of the Bank of England in the nineteenth century. Then it proceeds to a theoretical exposion of the functions and objectives of Central Banks. It also deals with the monetary and banking developments during the period 1920-1964, which led to the establishment of the Bank of Lebanon. Furthermore, it analytically discusses the reasons and proposals for the establishment of the Bank of Lebanon as well as the func¬tions and structure of the latter. The last chapter, tackles the issues and approaches of bank supervision in a selected number of developed countries and in Lebanon. The conclusion, provides a set of recommendations aimed at improving bank supervision in Lebanon.

Author: Marco Rettig
Publisher: GRIN Verlag
ISBN: 3638839680
Category : Social Science
Languages : en
Pages : 43

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Examination Thesis from the year 2004 in the subject Business economics - Economic and Social History, grade: 70% / Distinction, School of Oriental and African Studies, University of London (School of Oriental and African Studies (SOAS)/ Economics Department), course: Abschlussarbeit zur Erlangung eines MSc Development Economics, language: English, abstract: This dissertation assesses the role of the banking sector in the Lebanese economy throughout the country’s history with respect to its linkages with the real sector. I thereby focus on the credit market. It is shown that various external and internal factors have led to a credit market development on the supply-side that is not conducive to real sector growth. In particular, the period before the Lebanese civil war is characterised by funds flowing in from other Arab countries, which were not channelled into domestic long term investment but accrued to the trade and services sector or went abroad. Throughout the war and afterwards the share of the private sector in total credit declined substantially as the government crowded out private demand. It is concluded that only a shift of policy with a clear focus on the real sector’s needs can bring about the required economic development.

Author: John Singleton
Publisher: Cambridge University Press
ISBN: 1139495208
Category : Business & Economics
Languages : en
Pages : 351

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Book Description
Central banks are powerful but poorly understood organisations. In 1900 the Bank of Japan was the only central bank to exist outside Europe but over the past century central banking has proliferated. John Singleton here explains how central banks and the profession of central banking have evolved and spread across the globe during this period. He shows that the central banking world has experienced two revolutions in thinking and practice, the first after the depression of the early 1930s, and the second in response to the high inflation of the 1970s and 1980s. In addition, the central banking profession has changed radically. In 1900 the professional central banker was a specialised type of banker, whereas today he or she must also be a sophisticated economist and a public official. Understanding these changes is essential to explaining the role of central banks during the recent global financial crisis.