Lebanon Economic Monitor, Fall 2018 : De-Risking Lebanon
Lebanon's macro-financial conditions are currently under heavy scrutiny as the country faces increasing challenges. The risk profile for Lebanon is rising sharply in light of the convergence of a number of negative local and global factors, in...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2018
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| Online Access: | http://documents.worldbank.org/curated/en/615661540832875043/Lebanon-Economic-Monitor-De-Risking-Lebanon http://hdl.handle.net/10986/30866 |
| Summary: | Lebanon's macro-financial
conditions are currently under heavy scrutiny as the country
faces increasing challenges. The risk profile for Lebanon is
rising sharply in light of the convergence of a number of
negative local and global factors, including global monetary
conditions. Meanwhile, the utility of some of the tools used
by the central bank is depleting following years of
application. The central bank has responded by beefing up
its stock of foreign exchange reserves, lengthening the
maturity of deposits and limiting the liquidity available,
thereby inhibiting speculation against the Lebanese Pound.
In this issue of the Lebanon Economic Monitor (LEM), we
focus on Lebanon's macrofinancial conditions. We begin
by explaining real economy and macro-fiscal features that
underpin these conditions. We then present a synopsis on the
intertwining monetary and financial sectors, followed by an
elucidation on latest macrofinancial dynamics. Naturally,
the role and activity of the central bank is given
particular attention. |
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