Lebanon’s timely dug crisis hole and the fin... / ID: 182501

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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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