I’ve got the power : mapping connections between Lebanon's banking sector and the ruling class
Author
Source
Economic Research Forum : Working Paper Series
Issue
Vol. 2016, Issue 979-1073 (31 Dec. 2016), pp.1-19, 19 p.
Publisher
Economic Research Forum for the Arab Countries Iran and Turkey
Publication Date
2016-12-31
Country of Publication
Egypt
No. of Pages
19
Main Subjects
Economics & Business Administration
Abstract EN
This paper explores the extent to which local commercial banks in Lebanon are linked to the country’s political class, and how this impacts their efficiency and sovereign risk exposure.
By compiling detailed ownership and political affiliation data on the major 20 commercial banks in 2014, the paper shows that as much as 18 out of the 20 banks have major shareholders linked to political elites, and 43% of assets in the sector could be attributed to political control.
“Crony capital” within the banking sector is also shown to impact the quality of banks’ loans, and their exposure to public debt.
American Psychological Association (APA)
Chaaban, Jad. 2016. I’ve got the power : mapping connections between Lebanon's banking sector and the ruling class. Economic Research Forum : Working Paper Series،Vol. 2016, no. 979-1073, pp.1-19.
https://search.emarefa.net/detail/BIM-729518
Modern Language Association (MLA)
Chaaban, Jad. I’ve got the power : mapping connections between Lebanon's banking sector and the ruling class. Economic Research Forum : Working Paper Series No. 979-1073 (Dec. 2016), pp.1-19.
https://search.emarefa.net/detail/BIM-729518
American Medical Association (AMA)
Chaaban, Jad. I’ve got the power : mapping connections between Lebanon's banking sector and the ruling class. Economic Research Forum : Working Paper Series. 2016. Vol. 2016, no. 979-1073, pp.1-19.
https://search.emarefa.net/detail/BIM-729518
Data Type
Journal Articles
Language
English
Notes
Includes appendices : p. 8-19
Record ID
BIM-729518