Search results for ""Author Hicham Safieddine""

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.

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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.

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A free ebook version of this title is available through Luminos, University of California Press’s Open Access publishing program. Visit www.luminosoa.org to learn more. When Nafir Suriyya—“The Clarion of Syria”—was penned between September 1860 and April 1861, its author Butrus al-­Bustani, a major figure in the modern Arabic Renaissance, had witnessed his homeland undergo unprecedented violence in what many today consider Lebanon’s first civil war. Written during Ottoman and European investigations into the causes and culprits of the atrocities, The Clarion of Syria is both a commentary on the politics of state intervention and social upheaval, and a set of visions for the future of Syrian society in the wake of conflict. This translation makes a key historical document accessible for the first time to an English audience. An introduction by the translators sketches the history that led up to the civil strife in Mt. Lebanon, outlines a brief biography of Butrus al-­Bustani, and provides an authoritative overview of the literary style and historiography of Nafir Suriyya. Rereading these pamphlets in the context of today’s political violence, in war-­torn Syria and elsewhere in the Arab world, helps us gain a critical and historical perspective on sectarianism, foreign invasions, conflict resolution, Western interventionism, and nationalist tropes of reconciliation.

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