In countries with deficits and debt like Lebanon, what matters is not only how high these deficits and debt can get, but Read More
Perhaps the most important document that was prepared on the Lebanese economy in the last few months is the government’s reform Read More
Abstract On March 7 2020, the Lebanese government announced for the first time that Lebanon will not pay a $1.2B Eurobond due on March 9 Read More
Abstract Lebanon can no longer ‘pull a rabbit out of the hat’. The protests of October 2019 exposed enormous underlying fragilities. The events Read More
Abstract According to the consolidated balance sheet of Lebanese banks, total deposits dropped yearly by 8.50% ($15B) to reach $162.37B in December 2019. However Read More
Like all small economies, Lebanon relies extensively on its external sector. Whereas this outward orientation of the country has its blessings, it Read More
Over the past 20 years, it was repeatedly argued that the Lebanese fixed exchange rate was overvalued, sometimes by as high as 50%. What Read More
MACROECONOMIC OVERVIEW Lebanon was in a state of “economic recession” in 2019. GDP growth dipped into negative territory in the consecutive quarters Q1 Read More
In this paper, we try to focus on the published breakdown of Lebanon’s deposits and analyze the changes in accounts’ currency, Read More
Abstract There is no international framework or sovereign law today that forces any country to undergo a debt restructuring or resort to Read More
