• Lebanon’s timely dug crisis hole and the final fall into it

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    Referāts19 Ekonomika

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Publicēts: 28.12.2022.
Valoda: Angļu
Līmenis: Augstskolas
Literatūras saraksts: 40 vienības
Atsauces: Ir
Laikposms: 2016. - 2020. g.
2021. - 2025. g.
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SatursAizvērt
Nr. Sadaļas nosaukums  Lpp.
  Introduction    4
  How bad is Lebanon from macroeconomic standpoint?    5
  Multiple exchange rates    6
  Devaluation with a fixed exchange rate    6
  Real exchange rate & the black-market rates    8
  How to save the Lebanese pound    9
  Tourism    11
  2020 – the year of disasters    12
  Covid crisis    12
  Official default    13
  Explosion of the Beirut’s port    14
  Conclusion    15
  Reference list    16
Darba fragmentsAizvērt

The financial collapse of Lebanon happened a little more than 2 years ago but was the effect of a previously practiced Ponzi scheme. For three decades, the Lebanese financial system has been using money from debts to pay for everything. The system works until it doesn’t. When the government runs out of money and cannot take anymore debts, people are left to deal with it themselves. A simple mismanagement that costs not only money but also the lives of innocent people. (Blair, 2022)
Lebanon has been hit by a series of interconnected crises for over two years, first with an economic and financial crisis, then COVID-19, and finally the explosion at the Port of Beirut on August 4, 2020.…

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