Using Lebanon's Large Capital Inflows to Foster Sustainable Long-Term Growth

World Bank

dc.creator	World Bank
dc.date	2012-03-19T10:06:12Z
dc.date	2012-03-19T10:06:12Z
dc.date	2012-01-01
dc.date.accessioned	2023-02-17T20:40:42Z
dc.date.available	2023-02-17T20:40:42Z
dc.identifier	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000356161_20120305234236
dc.identifier	http://hdl.handle.net/10986/2727
dc.identifier.uri	http://localhost:8080/xmlui/handle/CUHPOERS/243096
dc.description	This report aims to provide a diagnostic of the Lebanese economy and policy advice to a broad audience. To that effect, an analysis of the dynamics of foreign inflows and of the economy over the past decades is undertaken. Specifically, this report attempts to provide a vision for where would Lebanon be in 15 to 20 years if needed structural reforms are implemented. This report provides a quantification of the growth impact of these reforms, taken individually or combined. By doing so, it gives both an indication on the opportunity costs of not reforming and provides a vision on what the development stage could be in Lebanon in 15 to 20 years if reforms are implemented. The report includes a set of econometric simulations and analysis aiming: 1) to establish the relation between the dynamic of foreign financial inflows and deposits over a period of 20 years, 2) to establish the relation between deposits as proxy for foreign financial inflows from one side; and oil price as proxy for regional wealth, macroeconomic and security stability, and policy variables from the other side and, 3) to estimate the relation between economic fluctuations from one side; and bank lending as one of the channels of transmission of foreign financial inflows, and debtor interest rate from the other side.
dc.language	English
dc.publisher	World Bank
dc.rights	CC BY 3.0 IGO
dc.rights	http://creativecommons.org/licenses/by/3.0/igo/
dc.rights	World Bank
dc.subject	ACCOUNTING
dc.subject	ACCUMULATION OF RESERVES
dc.subject	AGGREGATE DEMAND
dc.subject	ASSET DIVERSIFICATION
dc.subject	ASSETS
dc.subject	BALANCE OF PAYMENT
dc.subject	BALANCE OF PAYMENTS
dc.subject	BALANCE SHEET
dc.subject	BANK CREDITS
dc.subject	BANK CURRENCY
dc.subject	BANK SECRECY
dc.subject	BANKING REGULATION
dc.subject	BANKING SECTOR
dc.subject	BANKING SECTORS
dc.subject	BANKING SYSTEM
dc.subject	BENEFICIARIES
dc.subject	BONDS
dc.subject	BUDGET CONSTRAINT
dc.subject	BUDGET CONSTRAINTS
dc.subject	BUDGET DEFICITS
dc.subject	BUSINESS OPPORTUNITIES
dc.subject	CAPITAL ACCUMULATION
dc.subject	CAPITAL FLOWS
dc.subject	CAPITAL FORMATION
dc.subject	CAPITAL GAINS
dc.subject	CAPITAL INFLOWS
dc.subject	CAPITAL MARKETS
dc.subject	CD
dc.subject	CENTRAL BANK
dc.subject	CERTIFICATE OF DEPOSITS
dc.subject	CHECKS
dc.subject	COLLATERAL
dc.subject	COLLATERAL REQUIREMENTS
dc.subject	COMMERCIAL BANKS
dc.subject	COMPETITIVENESS
dc.subject	CONSUMER PRICE INDEX
dc.subject	CREDIBILITY
dc.subject	CREDITOR
dc.subject	CURRENCY
dc.subject	CURRENT ACCOUNT BALANCE
dc.subject	CURRENT ACCOUNT DEFICIT
dc.subject	CURRENT ACCOUNT DEFICITS
dc.subject	DEBT
dc.subject	DEBT REDUCTIONS
dc.subject	DEBTOR
dc.subject	DEVELOPING COUNTRIES
dc.subject	DEVELOPING ECONOMIES
dc.subject	DISTORTIONS
dc.subject	DOMESTIC BANKING
dc.subject	DOMESTIC BANKING SYSTEM
dc.subject	DOMESTIC BANKS
dc.subject	DOMESTIC CURRENCY
dc.subject	DOMESTIC INTEREST RATE
dc.subject	DOMESTIC MARKET
dc.subject	DOMESTIC PRICES
dc.subject	DUTCH DISEASE
dc.subject	ECONOMIC DEVELOPMENT
dc.subject	ECONOMIC DEVELOPMENTS
dc.subject	ECONOMIC GROWTH
dc.subject	ECONOMIC POLICIES
dc.subject	ECONOMIC STRUCTURE
dc.subject	EMERGING ECONOMIES
dc.subject	EQUIPMENT
dc.subject	EXCHANGE RATE
dc.subject	EXCHANGE RATE REGIME
dc.subject	EXOGENOUS FACTORS
dc.subject	EXPENDITURE
dc.subject	EXPENDITURES
dc.subject	EXPORT PERFORMANCE
dc.subject	EXPOSURE
dc.subject	FACTORS OF PRODUCTION
dc.subject	FINANCIAL CRISIS
dc.subject	FINANCIAL ENGINEERING
dc.subject	FINANCIAL FLOWS
dc.subject	FINANCIAL INFLOWS
dc.subject	FINANCIAL INFORMATION
dc.subject	FINANCIAL INTEGRATION
dc.subject	FINANCIAL MANAGEMENT
dc.subject	FINANCIAL MARKET
dc.subject	FINANCIAL MARKET DEVELOPMENT
dc.subject	FINANCIAL MARKETS
dc.subject	FINANCIAL OPENNESS
dc.subject	FINANCIAL SECTOR
dc.subject	FINANCIAL SERVICES
dc.subject	FINANCIAL STABILITY
dc.subject	FINANCIAL SYSTEM
dc.subject	FISCAL AUTHORITIES
dc.subject	FISCAL POLICIES
dc.subject	FISCAL POLICY
dc.subject	FIXED CAPITAL
dc.subject	FLEXIBLE EXCHANGE RATE
dc.subject	FLOWS OF CAPITAL
dc.subject	FOREIGN BANKS
dc.subject	FOREIGN CAPITAL
dc.subject	FOREIGN CURRENCIES
dc.subject	FOREIGN CURRENCY
dc.subject	FOREIGN CURRENCY RESERVES
dc.subject	FOREIGN DIRECT INVESTMENT
dc.subject	FOREIGN INFLOWS
dc.subject	FOREIGN INVESTORS
dc.subject	FOREIGN TRADE
dc.subject	GOVERNMENT SPENDING
dc.subject	GROSS DOMESTIC PRODUCT
dc.subject	GROWTH RATE
dc.subject	HOLDING
dc.subject	HOME COUNTRY
dc.subject	HOST COUNTRIES
dc.subject	HUMAN CAPITAL
dc.subject	HUMAN RESOURCES
dc.subject	IMPORT
dc.subject	IMPORTS
dc.subject	INCOME
dc.subject	INFLATION
dc.subject	INFLATION TAX
dc.subject	INFRASTRUCTURE INVESTMENT
dc.subject	INTELLECTUAL PROPERTY
dc.subject	INTEREST RATE
dc.subject	INTEREST RATE SPREAD
dc.subject	INTEREST RATES
dc.subject	INTERNATIONAL BANK
dc.subject	INTERNATIONAL INTEREST
dc.subject	INTERNATIONAL INTEREST RATES
dc.subject	INTERNATIONAL MARKET
dc.subject	INTERNATIONAL STANDARDS
dc.subject	INTERNATIONAL TRADE
dc.subject	INVESTING
dc.subject	INVESTMENT CLIMATE
dc.subject	INVESTMENT DECISIONS
dc.subject	JOB CREATION
dc.subject	LABOR MARKET
dc.subject	LEGAL ENVIRONMENT
dc.subject	LEGAL IMPEDIMENTS
dc.subject	LIBERALIZATION
dc.subject	LIQUID INSTRUMENTS
dc.subject	LOAN
dc.subject	LOCAL CURRENCY
dc.subject	LOCAL FINANCIAL INSTITUTIONS
dc.subject	LOCAL MARKET
dc.subject	LONG-TERM INVESTMENTS
dc.subject	MACROECONOMIC ENVIRONMENT
dc.subject	MACROECONOMIC INSTABILITY
dc.subject	MACROECONOMIC MANAGEMENT
dc.subject	MACROECONOMIC POLICIES
dc.subject	MACROECONOMIC POLICY
dc.subject	MACROECONOMIC STABILITY
dc.subject	MACROECONOMIC VOLATILITY
dc.subject	MARKET DEVELOPMENT
dc.subject	MONETARY POLICIES
dc.subject	MONETARY POLICY
dc.subject	MONEY SUPPLY
dc.subject	MORAL HAZARD
dc.subject	NATIONAL SAVING
dc.subject	OIL PRICE
dc.subject	OIL PRICES
dc.subject	OPEN ECONOMY
dc.subject	OPPORTUNITY COSTS
dc.subject	OUTPUT
dc.subject	OUTPUT GAP
dc.subject	POLICY RESPONSES
dc.subject	POLITICAL ECONOMY
dc.subject	POLITICAL INSTABILITY
dc.subject	POLITICAL SYSTEM
dc.subject	PORTFOLIO
dc.subject	POVERTY REDUCTION
dc.subject	PRICE SERIES
dc.subject	PRIVATE INVESTMENT
dc.subject	PRIVATE SAVING
dc.subject	PRIVATE-PUBLIC PARTNERSHIPS
dc.subject	PRODUCTION STRUCTURE
dc.subject	PRODUCTIVE INVESTMENTS
dc.subject	PROPERTY RIGHT
dc.subject	PROPERTY RIGHTS
dc.subject	PROPERTY RIGHTS ENFORCEMENT
dc.subject	PROPERTY RIGHTS PROTECTION
dc.subject	PUBLIC DEBT
dc.subject	PUBLIC DEFICIT
dc.subject	PUBLIC DEFICITS
dc.subject	PUBLIC EXPENDITURE
dc.subject	PUBLIC FINANCE
dc.subject	PUBLIC INVESTMENT
dc.subject	PUBLIC INVESTMENTS
dc.subject	PUBLIC SAVING
dc.subject	PUBLIC SPENDING
dc.subject	PUBLIC UTILITIES
dc.subject	REAL ESTATE
dc.subject	REAL EXCHANGE RATE
dc.subject	REFORM PROGRAM
dc.subject	REGULATORY FRAMEWORK
dc.subject	REGULATORY FRAMEWORKS
dc.subject	REMITTANCES
dc.subject	RESERVES
dc.subject	RETURNS
dc.subject	RISK SHARING
dc.subject	RULE OF LAW
dc.subject	SAVINGS
dc.subject	SAVINGS RATES
dc.subject	SHORT-TERM CAPITAL
dc.subject	SHORT-TERM DEBT
dc.subject	SHORT-TERM DEPOSITS
dc.subject	STABILIZATION OF EXCHANGE RATE
dc.subject	STOCK EXCHANGE
dc.subject	STRONG CONFIDENCE
dc.subject	STRUCTURAL REFORMS
dc.subject	TAX
dc.subject	TAX EXEMPTIONS
dc.subject	TAX POLICIES
dc.subject	TELECOMMUNICATIONS
dc.subject	TRADE SECTORS
dc.subject	TRANSACTION
dc.subject	TREASURY
dc.subject	TREASURY BILLS
dc.subject	VALUATION
dc.subject	VOLATILE ENVIRONMENT
dc.title	Using Lebanon's Large Capital Inflows to Foster Sustainable Long-Term Growth
dc.type	Economic & Sector Work :: Other Public Sector Study
dc.coverage	Middle East and North Africa
dc.coverage	Middle East
dc.coverage	Europe
dc.coverage	Lebanon