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Jordan: Selected Issues
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2008: Issue 291
Language:
English
Publication Date:
22 Aug 2008
DOI:
https://doi.org/10.5089/9781451820393.002
ISBN:
9781451820393
ISSN:
1934-7685
Pages:
26
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
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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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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund