Banking on the State

This book PDF is perfect for those who love Business & Economics genre, written by Hicham Safieddine and published by Stanford Studies in Middle Eas which was released on 29 March 2024 with total hardcover pages 272. You could read this book directly on your devices with pdf, epub and kindle format, check detail and related Banking on the State books below.

Banking on the State
Author : Hicham Safieddine
File Size : 46,7 Mb
Publisher : Stanford Studies in Middle Eas
Language : English
Release Date : 29 March 2024
ISBN : 1503609677
Pages : 272 pages
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Banking on the State by Hicham Safieddine Book PDF Summary

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.

Banking on the State

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

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Banking on the State

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From its creation in 1949 until the 1960s, the Central Bank of the Philippines dominated industrial policy by means of exchange controls, becoming a symbol of nationalism for a newly independent state. The pre-war Philippine National Bank was closely linked to the colonial administration and plagued by corruption scandals. As the

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State-owned banks may help to soften the financing constraints of public sector entities and consequently become a factor that hampers fiscal discipline. Using a panel dataset, we find that a larger presence of state-owned banks in the banking system is associated with more credit to the public sector, larger fiscal

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Annual Report of the Superintendent of the Banking Department of the State of New York

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