Jordan: Selected Issues
Volume/Issue:
Volume 2008
Issue 291
Publication date: August 2008
ISBN: 9781451820393
$20.00
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Topics covered in this book
This title contains information about the following subjects.
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Exports and Imports , 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
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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.
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