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Middle East and Central Asia > Jordan

You are looking at 1 - 2 of 2 items for :

  • Type: Journal Issue x
  • Global Financial Crisis, 2008-2009 x
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Cover Policy Papers
Review of the IMF's Communications Strategy
International Monetary Fund
The framework guiding the IMF’s communications—established by the Executive Board in 2007—has enabled the institution to respond flexibly to the changing global context. The framework is based on four guiding principles: (i) deepening understanding and support for the Fund’s role and policies; (ii) better integrating communications into the IMF’s daily operations; (iii) raising the impact of new communications materials and technologies; and (iv) rebalancing outreach efforts to take account of different audiences. In addition, greater emphasis has been placed on strengthening internal communications to help ensure institutional coherence in the Fund’s outreach activities. Continued efforts are needed to strengthen communications going forward. Several issues deserve particular attention. First, taking further steps to ensure clarity and consistency in communication in a world where demand for Fund services continues to rise. Second, doing more to assess the impact of IMF communications and thus better inform efforts going forward. Third, engaging strategically and prudently with new media—including social media.
Keywords:
PP; Fund; staff; communications; director; transparency policy; Fund communications; communications strategy; Board communications; IMF social media account; Communications in revenue administration; Social networks; Civil society organizations; Global financial crisis of 2008-2009; Global; Africa
Cover IMF Working Papers
Slowdown of Credit Flows in Jordan in the Wake of the Global Financial Crisis: Supply or Demand Driven?
Mr. Tigran Poghosyan
This paper estimates a disequilibrium model of credit supply and demand to evaluate the relative role of these factors in the slowdown of credit flows in the Jordanian economy in the wake of the global financial crisis. The empirical analysis suggests that the credit stagnation is mainly driven by the restricted credit supply amid tighter monetary policy conditions in Jordan relative to the United States, as evidenced by the widened interest differential between the Central Bank of Jordan (CBJ) re-discount and the U.S. Federal Reserve funds rates. Although it appears that demand side factors related to the slowdown of economic activity have also had an impact, their role has been relatively modest. The estimation results imply that economic policies targeted towards stimulating supply of credit are likely to be a more effective tool for expanding credit flows relative to demand stimulating policies.
Keywords:
WP; credit supply; rate; Jordan; financial crisis; credit crunch; credit demand; plotted credit supply and demand series; credit supply and demand function; disequilibrium credit market model; demand equation; supply equation; Credit; Bank credit; Global financial crisis of 2008-2009; Central bank policy rate; Stock markets; Global