Jordan: Selected Issues

International Monetary Fund

No 2008/291, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; Jordan; deficit; elasticity assumption; current account adjustment; equilibrium current account norm; underlying current account; current account deficit; Current account; Real effective exchange rates; Current account deficits; Imports; Current account balance; Global; Middle East (search for similar items in EconPapers)
Pages: 26
Date: 2008-08-22
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