Jordan: Selected Issues

August 22, 2008

Preview Citation

Format: Chicago

Jordan: Selected Issues, (USA: International Monetary Fund, 2008) accessed November 23, 2024

Summary

The Selected Issues paper on Jordan analyzes the Jordanian dinar, which has historically operated within a fixed exchange rate regime. The deterioration in 2004 and 2005 reflected an exceptionally rapid increase in imports, as the saving-investment balance shifted. Following an improvement in 2006, the current account again deteriorated in 2007 from a negative impact of international food and fuel prices. Import developments have been the single most important determinant of swings in the current account, followed to a lesser extent by the impact of exports and grants.

Subject: Balance of payments, Current account, Current account balance, Current account deficits, Foreign exchange, Imports, International trade, Real effective exchange rates

Keywords: CR, Current account, Current account adjustment, Current account balance, Current account deficit, Current account deficits, Deficit, Elasticity assumption, Equilibrium current account norm, Global, Imports, ISCR, Jordan, Middle East, Real effective exchange rates, Underlying current account

Publication Details

Pages:

26
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/291
Stock No:

1JOREA2008002
ISBN:

9781451820393
ISSN:

1934-7685

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