Narrow Your Choices

Refine By Topic

Refine By Series

Refine By Language

Refine By Date

—

Refine By IMF Taxonomy

Refine By JEL Taxonomy

Refine by LOC Taxonomy

Refine By THEMA Taxonomy

  • Print
  • Save

Middle East and Central Asia > Jordan

You are looking at 1 - 3 of 3 items for :

  • Type: Journal Issue x
  • Financial Aspects of Economic Integration x
Clear All Modify Search
Cover Developing Essential Financial Markets in Smaller Economies
Developing Essential Financial Markets in Smaller Economies
Stylized Facts and Policy Options
International Monetary Fund

Abstract

This paper surveys the foreign exchange markets, money and secondary government security markets, and stock exchanges in 107 smaller economy countries. The underdevelopment of these markets impedes risk transfer, monetary policy, corporate financing, and the capacity to absorb capital inflows. This study marks a first step toward formulating policies to develop essential smaller economy financial markets by documenting the stylized facts and presenting a framework for assessing the policy issues.

Keywords:
OP; market; economy; trading; market development; company; smaller economy; government securities market; country trading; market participant; Stock markets; Currency markets; Emerging and frontier financial markets; Interbank markets; Baltics; Central America; Africa; Southern Africa; West Africa; emerging market country; market player; market underdevelopment; Government securities; Caribbean
Cover IMF Working Papers
Exchange Rate Regime Considerations for Jordan and Lebanon
Ms. Rina Bhattacharya
This paper addresses the issue of the appropriate exchange rate regimes for Jordan and Lebanon in the context of the literature on optimum currency areas and the arguments concerning the use of the exchange rate as a nominal anchor for the economy. It presents some empirical results on the nature of output shocks in Jordan and Lebanon in the recent past, on the price sensitivity of exports from Jordan, and on currency and asset substitution in both countries. It does not directly address the issue of whether the current exchange rate in either country is overvalued or not, nor does it discuss the issue of an appropriate exit strategy from the current peg.
Keywords:
WP; exchange rate; Jordan; Lebanon; exchange rate regime; optimum currency area; nominal anchor; money demand demand shock; trading partner country; rate of return; Lebanese pound; exchange rate peg; case of Jordan; exchange rate instrument; exchange rate depreciation; Jordanian dinar; money demand disturbance; Exchange rate arrangements; Exchange rate flexibility; Conventional peg; Exports; Exchange rates; Middle East
Cover IMF Working Papers
Fiscal Revenues in South Mediterranean Arab Countries: Vulnerabilities and Growth Potential
Mr. Karim A. Nashashibi
This paper reviews the fiscal revenue performance of Southern Mediterranean Arab countries (SMCs) over the last decade and compares this performance with selected middle income and Organization for Economic Cooperation and Development (OECD) countries. These revenues have been declining over the past few years, and this trend is expected to continue because of a fall in mineral receipts and trade liberalization. Individual income tax yields are substantially lower than in other regions but the introduction of the value-added tax has proven to be highly successful. Higher trade protection than in other regions must be reduced, if SMCs are to be integrated into the global economy. Loss of nontax and customs revenues can be offset by reforms in income tax systems, petroleum product pricing, and by ensuring, through flexible exchange rate policies, that competitiveness is maintained
Keywords:
WP; GDP; yield; excise; income tax; state; Southern Mediterranean Arab countries; tax revenue; VAT; petroleum pricing; exchange rate; GDP ratio; tax yield; tariff revenue; income tax reform; custom duty; VAT yield; privatization proceeds; yield stem; public finance; Nontax revenues in SMCs; currency appreciation; Income and capital gains taxes; Income tax systems; Excises; Trade liberalization; Maghreb