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Middle East and Central Asia > Jordan

You are looking at 1 - 7 of 7 items for :

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Cover IMF Staff Country Reports
Jordan: Technical Assistance Report-Forecasting Framework for Currency in Circulation
International Monetary Fund. Monetary and Capital Markets Department
The currency in circulation forecasting model presently used by the Central Bank of Jordan is aligned with international practices and provides a solid basis for liquidity management. The central bank uses an Auto Regressive Integrated Moving Average (ARIMA) model with many indicator variables to model binary seasonality and to capture special events. The ARIMA model is fitted on daily currency in circulation data using a standard maximum likelihood estimator. This ARIMA approach is aligned with the models traditionally used by central banks in emerging and middle-income countries.
Keywords:
moving average; staff level agreement; IMF team; hierarchy forecasting; ARIMA model; Monetary base; Currency issuance; Open market operations; Global
Cover IMF Staff Country Reports
Jordan: 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Jordan
International Monetary Fund
This 2009 Article IV Consultation highlights that Jordan’s money and financial markets have weakened since mid-2008. Bank deposits edged down slightly in October but subsequently recovered, with the share of dinar deposits continuing to increase. Executive Directors have noted that sound macroeconomic management has enhanced Jordan’s resilience to the global crisis. Directors have also emphasized that, in light of the economy’s close ties with the region and reliance on external financing, near-term policies should remain focused on guarding against vulnerabilities.
Keywords:
ISCR; CR; deficit; GDP; net; headline inflation; Jordanian dinar; money market; bank performance; weakening economy; exchange rate; insurance market; balance of payments; Government finance statistics; Commercial banks; Global
Cover IMF Staff Country Reports
Jordan: Fifth Post-Program Monitoring Discussions: Staff Report; and Press Release on the Executive Board Consideration
International Monetary Fund
This paper focuses on the Fifth Post-Program Monitoring Discussions with Jordan. Jordan’s economic performance remains strong. Growth is robust, core inflation is contained, the current account deficit is narrowing, reserves are comfortable, and the fiscal situation continues to improve. The Fifth Post-Program Monitoring Discussions focused on a large current account deficit, still high public debt, and rapid credit growth. The authorities consider the outlook for the Jordanian economy as strong, including on growth, inflation, and the current account.
Keywords:
ISCR; CR; Fifth Post-Program Monitoring Discussions; monitoring; fund; fund-supported program; Jordan; lapse-of-time basis; Jordanian dinar; fund position; CBJ authorities; core inflation; expansion warrant; Government finance statistics; Current account deficits; Monetary base; Middle East
Cover IMF Staff Country Reports
Jordan: Third Review Under the Stand-By Arrangement
International Monetary Fund
The staff report for the Third Review Under the Stand-By Arrangement on Jordan highlights the economic developments and policies. Additional grants and higher tax revenue will offset the loss of the oil surplus and the increase in petroleum subsidies. The authorities intend to limit total budgetary expenditure to the program level with a view to achieving the fiscal deficit target. The authorities recognized an upside potential on the revenue side, and in such an event, they intend to save a large portion of the overperformance for further deficit and debt reduction.
Keywords:
ISCR; CR; net; SDR; discussion of Jordan's performance; executive board discussion; debt; approval of the Third Review; government debt stock; deficit net; Monetary base; Commercial banks
Cover IMF Staff Country Reports
Jordan: Staff Report for the 2004 Article IV Consultation, Second Review under the Stand-By Arrangement, and Request for Waiver of Applicability
International Monetary Fund
The staff report for the 2004 Article IV Consultation on Jordan highlights economic developments and policies. General sales tax collections increased strongly boosted by high import growth and improved revenue administration. The government has embarked on a substantial improvement of the education system, with support from an education sector reform loan from the World Bank. The integration of the sales and income tax departments into a unified revenue department will also contribute by strengthening tax collections and enforcement.
Keywords:
ISCR; CR; surplus; staff appraisal; privatization program; income tax tax collection; parliament; privatization proceeds; banking sector in Jordan; Monetary base; Government debt management
Cover Economic Dislocation and Recovery in Lebanon
Economic Dislocation and Recovery in Lebanon
Mr. Jose Martelino
,
Mr. S. Nuri Erbas
,
Mr. Adnan Mazarei
,
Ms. Sena Eken
, and
Mr. Paul Cashin

Abstract

This paper provides background information on the Lebanese economy, based on an analysis of the economic consequences of war, and discusses several issues that will be central to Lebanon's prospects for recovery

Keywords:
OP; exchange rate; Lebanese pound; economy; exchange rate movement; currency substitution; net foreign currency position; US$ exchange rate series; Lebanese economy; Exchange rates; Monetary aggregates; Dollarization; Personal income; Middle East; South America; Africa; Europe; dollar currency; access to flow; Total expenditures
Cover IMF Working Papers
Fiscal Revenue and Inflationary Finance
Mr. Nurun N. Choudhry
This paper analyzes the erosion of fiscal revenue by inflation resulting from the issuance of money. The empirical evidence for a number of developing countries supports the well-known hypothesis that an increase in inflation will result in a fall in real fiscal revenue because of collection lags, thereby possibly widening the fiscal deficit. As such, attempts to generate resources to finance government expenditures via the inflation tax will involve a loss in other revenues, making this form of taxation even less desirable.
Keywords:
WP; rate of inflation; revenue; inflation revenue; revenue-maximizing inflation rate; lag coefficient; welfare cost ratio; fiscal revenue; Inflation; Government debt management; Personal income; Monetary base; Middle East; Western Hemisphere; Africa; Asia and Pacific