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Appendix I Exchange and Trade System

Appendix I Exchange and Trade System »

Source: Economic Dislocation and Recovery in Lebanon

Series: Occasional Papers

Author(s): Jose Martelino , S. Erbas , Adnan Mazarei , Sena Eken , and Paul Cashin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1995

ISBN: 9781557754592

Keywords: exchange rate, inflation, expenditure, monetary fund, per capita income

This section summarizes Lebanon's exchange and trade system as of May 31,1994. Exchange Arrangements The currency of Lebanon is the Lebane...

Appendix II Statistical Tables

Appendix II Statistical Tables »

Source: Economic Dislocation and Recovery in Lebanon

Series: Occasional Papers

Author(s): Jose Martelino , S. Erbas , Adnan Mazarei , Sena Eken , and Paul Cashin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1995

ISBN: 9781557754592

Keywords: exchange rate, inflation, expenditure, monetary fund, per capita income

Table TA1. Selected Social, Economic, and Financial Indicators...

Economic Dislocation and Recovery in Lebanon

Economic Dislocation and Recovery in Lebanon »

Series: Occasional Papers

Author(s): Jose Martelino , S. Erbas , Adnan Mazarei , Sena Eken , and Paul Cashin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1995

DOI: http://dx.doi.org/10.5089/9781557754592.084

ISBN: 9781557754592

Keywords: exchange rate, inflation, expenditure, monetary fund, per capita income

This paper provides background information on the Lebanese economy, based on an analysis of the economic consequences of war, and discusses several issues that will be central to Lebanon's prospects for recovery...

Back Matter

Back Matter »

Source: Economic Dislocation and Recovery in Lebanon

Series: Occasional Papers

Author(s): Jose Martelino , S. Erbas , Adnan Mazarei , Sena Eken , and Paul Cashin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1995

ISBN: 9781557754592

Keywords: exchange rate, inflation, expenditure, monetary fund, per capita income

This paper provides background information on the Lebanese economy, based on an analysis of the economic consequences of war, and discusses several issues that will be central to Lebanon's prospects for recovery...

Front Matter

Front Matter »

Source: Economic Dislocation and Recovery in Lebanon

Series: Occasional Papers

Author(s): Jose Martelino , S. Erbas , Adnan Mazarei , Sena Eken , and Paul Cashin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1995

ISBN: 9781557754592

Keywords: exchange rate, inflation, expenditure, monetary fund, per capita income

This paper provides background information on the Lebanese economy, based on an analysis of the economic consequences of war, and discusses several issues that will be central to Lebanon's prospects for recovery...

I Introduction

I Introduction »

Source: Economic Dislocation and Recovery in Lebanon

Series: Occasional Papers

Author(s): Jose Martelino , S. Erbas , Adnan Mazarei , Sena Eken , and Paul Cashin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1995

ISBN: 9781557754592

Keywords: exchange rate, inflation, expenditure, monetary fund, per capita income

In the ten years prior to 1975, the Lebanese economy was one of the most dynamic in the Middle East region. It was characterized by low inflation, high rates of economic growth, large balance of payments sur...

II Some Economic Consequences of the Civil War

II Some Economic Consequences of the Civil War »

Source: Economic Dislocation and Recovery in Lebanon

Series: Occasional Papers

Author(s): Jose Martelino , S. Erbas , Adnan Mazarei , Sena Eken , and Paul Cashin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1995

ISBN: 9781557754592

Keywords: exchange rate, inflation, expenditure, monetary fund, per capita income

This section examines the economic costs of the 1975–90 Lebanese civil war and its effects on the country's prospects for growth. The first subsection measures the value of output forgone owing to the war, a...

III Impact of the War on Budgetary Performance, Structural Weaknesses of the Budget, and Reform Measures

III Impact of the War on Budgetary Performance, Structural Weaknesses of the Budget, and Reform Measures »

Source: Economic Dislocation and Recovery in Lebanon

Series: Occasional Papers

Author(s): Jose Martelino , S. Erbas , Adnan Mazarei , Sena Eken , and Paul Cashin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1995

ISBN: 9781557754592

Keywords: exchange rate, inflation, expenditure, monetary fund, per capita income

Prior to the civil war, the Lebanese Government played a relatively small role in overall economic activity and pursued conservative fiscal policies. For example, during 1974–75 the budget incurred surpluses...

IV Currency Substitution and Dollarization

IV Currency Substitution and Dollarization »

Source: Economic Dislocation and Recovery in Lebanon

Series: Occasional Papers

Author(s): Jose Martelino , S. Erbas , Adnan Mazarei , Sena Eken , and Paul Cashin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1995

ISBN: 9781557754592

Keywords: exchange rate, inflation, expenditure, monetary fund, per capita income

This section investigates currency substitution and dollarization in the Lebanese context during 1964–93, and particularly since the start of the civil war. To provide a more accurate insight into the public...

V Estimating Money Demand in Lebanon

V Estimating Money Demand in Lebanon »

Source: Economic Dislocation and Recovery in Lebanon

Series: Occasional Papers

Author(s): Jose Martelino , S. Erbas , Adnan Mazarei , Sena Eken , and Paul Cashin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1995

ISBN: 9781557754592

Keywords: exchange rate, inflation, expenditure, monetary fund, per capita income

Estimating money demand for Lebanon has been made more difficult by the war-induced increase in currency substitution that occurred during the sample period. Empirical tests suggest several promising monetar...