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Banking liquidity crisis : Libyan economy case, roots, and causes (2008-2015)
Other Title(s)
أزمة السيولة المصرفية في الاقتصاد الليبي : الأسباب و الجذور للفترة من 2008-2015
Author
Source
Journal of Financial and Economic Research
Issue
Vol. 2021, Issue 6 (31 Dec. 2021), pp.45-61, 17 p.
Publisher
University of Benghazi Faculty of Economics
Publication Date
2021-12-31
Country of Publication
Libya
No. of Pages
17
Main Subjects
Abstract EN
The main objective of this paper was to trace the roots of the beginning of the liquidity crisis in the Libyan economy and to try to identify the causes that led to its emergence and its exacerbation.
This led to deterioration in the value of the local currency and an increase in the general level of prices.
The descriptive statistical method was used in the analysis process, by using the statistical data issued by the Central Bank of Libya (CBL), and the Organization of Arab Petroleum Exporting Countries (OAPEC), for the period from (2008 to 2015).
The paper concluded that the roots of the crisis appeared in mid-March (2011), then developed with the exacerbation of the political crisis.
The most important reasons that led to that crisis were the following: technical reasons, and financial reasons.
Finally, the political and security reasons, all of these reasons, supported the roots of the crisis until it worsened, and became in its current form, and this led to the entry of the economy into a state of monetary panic, and individuals withdrew their bank savings as a result of the loss of confidence in the state apparatus, especially the banking sector.
American Psychological Association (APA)
Ali, Muhammad Idris. 2021. Banking liquidity crisis : Libyan economy case, roots, and causes (2008-2015). Journal of Financial and Economic Research،Vol. 2021, no. 6, pp.45-61.
https://search.emarefa.net/detail/BIM-1435487
Modern Language Association (MLA)
Ali, Muhammad Idris. Banking liquidity crisis : Libyan economy case, roots, and causes (2008-2015). Journal of Financial and Economic Research No. 6 (2021), pp.45-61.
https://search.emarefa.net/detail/BIM-1435487
American Medical Association (AMA)
Ali, Muhammad Idris. Banking liquidity crisis : Libyan economy case, roots, and causes (2008-2015). Journal of Financial and Economic Research. 2021. Vol. 2021, no. 6, pp.45-61.
https://search.emarefa.net/detail/BIM-1435487
Data Type
Journal Articles
Language
English
Record ID
BIM-1435487