Regarding Lebanon Postwar situation:

Question 1 : Lebanon received large amounts of capital inflows over the last three decades.

1. Do you think this made economic sense from Lebanon's perspective? 2. How do you think these capital inflows affected the Lebanese real exchange rate? 3. What were the main factors that prevented Lebanon from using the large capital inflows it received to build a prosperous economy?

Question 2: Why do you think Lebanon was not able to use fiscal and/or monetary policy to prevent the current economic catastrophe in Lebanon?

Question 3: What are the main economic lessons that you take away from the postwar Lebanese experience?