A Legacy of Cronyism and Deception

4 Pages Posted: 13 Dec 2018

See all articles by Savvakis C. Savvides

Savvakis C. Savvides

Queen's University - John Deutsch Institute for the Study of Economic Policy

Date Written: November 18, 2018

Abstract

If there is one single pattern emerging from the six years or so of the rule of Anastasiades as President of Cyprus it is one of deception and unkept promises. A number of examples of such dubious form of behavior adversely impacting the economy are cited. Unfortunately, the ruling party proved to be masters of trickery and a rare breed of self-serving pundits practicing crony capitalism. Which of course, only leads towards further erosion of the foundations of society and results in even more economic misery and national degradation.

Keywords: Financial Crisis, Repayment Capability, Corporate Lending, Credit Risk

JEL Classification: G17, G32, G33, H43

Suggested Citation

Savvides, Savvakis C., A Legacy of Cronyism and Deception (November 18, 2018). Available at SSRN: https://ssrn.com/abstract=3285313 or http://dx.doi.org/10.2139/ssrn.3285313

Savvakis C. Savvides (Contact Author)

Queen's University - John Deutsch Institute for the Study of Economic Policy ( email )

Canada

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
24
Abstract Views
289
PlumX Metrics