Banking on the State (eBook)

The Financial Foundations of Lebanon

Hicham Safieddine (Autor)

eBook Download: EPUB

2019
272 Seiten
Stanford University Press (Verlag)
978-1-5036-0968-6 (ISBN)

Infos

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.

Produkt-Details

• Erscheint lt. Verlag: 2.7.2019
• Reihe/Serie: Stanford Studies in Middle Eastern and Islamic Societies and Cultures
• Reihe/Serie: Stanford Studies in Middle Eastern and Islamic Societies and Cultures
• Sprache: englisch
• Themenwelt: Geschichte ► Allgemeine Geschichte ► Neuzeit (bis 1918)
• Themenwelt: Geisteswissenschaften ► Geschichte ► Regional- / Ländergeschichte
• Themenwelt: Geschichte ► Teilgebiete der Geschichte ► Wirtschaftsgeschichte
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
• Themenwelt: Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Bankbetriebslehre
• Schlagworte: Association of Banks in Lebanon • Banque du Liban • Central Banking • financial independence • French colonialism • Laissez-faire • Lebanon • Merchant Republic • post-colonial state-building • Syria
• ISBN-10: 1-5036-0968-5 / 1503609685
• ISBN-13: 978-1-5036-0968-6 / 9781503609686