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"According to the conventional wisdom, when an economy enters a recession and nominal prices adjust slowly, the … monetary authority should devalue the domestic currency to make the recession less severe. The reason is that a devaluation of …
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materialize. The recession has lasted longer than expected and has set back global development more decisively than at any time …
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The Lebanon Economic Monitor provides an update on key economic developments and policies over the past six months. It also presents findings from recent World Bank work on Lebanon. It places them in a longer-term and global context, and assesses the implications of these developments and other...
Persistent link: https://www.econbiz.de/10012564523
The Lebanon Economic Monitor provides an update on key economic developments and policies over the past six months. It also presents findings from recent World Bank work on Lebanon. It places them in a longer-term and global context, and assesses the implications of these developments and other...
Persistent link: https://www.econbiz.de/10012564568
The Lebanon Economic Monitor provides an update on key economic developments and policies over the past six months. It also presents findings from recent World Bank work on Lebanon. The political standoff combined with an escalating Syrian conflict hampered growth in 2012, and is projected to...
Persistent link: https://www.econbiz.de/10012564569
Lebanon faces serious challenges from a volatile security environment and spillovers from the ongoing Syrian conflict which pose serious risks to an already fragile internal political situation. Security incidents have become increasingly more common and the volatile security environment is...
Persistent link: https://www.econbiz.de/10012564570