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010   $a9786612844003
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035   $a(PQKBTitleCode)TC0000942132
035   $a(PQKBWorkID)10971847
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035   $a(OCoLC)539117965
035   $a(MiAaPQ)EBC1608811
035   $a(IMF)WPIEE2009191
035   $a(EXLCZ)993170000000055340
100   $a20020129d2009      uf             0
101 0 $aeng
135   $aurcn|||||||||
181   $ctxt
182   $cc
183   $acr
200 10$aMonetary Policy and the Central Bank in Jordan /$fSamar Maziad
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2009.
215   $a29 p. $cill
225 1 $aIMF Working Papers
300   $a"August 2009."
311   $a1-4519-1762-7 
330 3 $aThe Central Bank of Jordan (CBJ) and its operational independence changed over time in line with the evolution of the monetary policy framework and as a result of the currency crisis in the late 1980s. The paper examines the developments of the CBJ, its independence in conducting monetary policy and the various instruments at its disposal, with special focus on the certificates of deposit (CDs) market, the main monetary policy instrument, and the treasury bill market. The paper also examines the issue of the autonomy of monetary policy in Jordan given the influence of world interest rates. Although, Jordan operates an exchange rate peg, which has been fixed to the USD since 1995, there is some room for flexibility in operating monetary policy in the short-run, where the CBJ has some autonomy in determining the spread between domestic and US interest rates. VAR and VECM results suggest that the response of the policy rate in Jordan to innovations in the US Federal Fund's rate is less than one-for-one. In the short-run, the CBJ appears to conduct monetary policy in response to domestic inflation and a measure of the domestic output gap.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2009/191
606   $aMonetary policy$zJordan$xEconometric models
606   $aFinancial crises$zJordan$xEconometric models
606   $aBanks and banking, Central$zJordan$xEconometric models
606   $aForeign Exchange$2imf
606   $aMoney and Monetary Policy$2imf
606   $aPublic Finance$2imf
606   $aProduction and Operations Management$2imf
606   $aDebt$2imf
606   $aDebt Management$2imf
606   $aSovereign Debt$2imf
606   $aMonetary Policy$2imf
606   $aMacroeconomics: Production$2imf
606   $aCurrency$2imf
606   $aForeign exchange$2imf
606   $aPublic finance & taxation$2imf
606   $aMonetary economics$2imf
606   $aMacroeconomics$2imf
606   $aConventional peg$2imf
606   $aPublic debt$2imf
606   $aMonetary policy frameworks$2imf
606   $aExchange rate arrangements$2imf
606   $aOutput gap$2imf
606   $aDebts, Public$2imf
606   $aMonetary policy$2imf
606   $aProduction$2imf
606   $aEconomic theory$2imf
607   $aJordan$2imf
615  0$aMonetary policy$xEconometric models.
615  0$aFinancial crises$xEconometric models.
615  0$aBanks and banking, Central$xEconometric models.
615  7$aForeign Exchange
615  7$aMoney and Monetary Policy
615  7$aPublic Finance
615  7$aProduction and Operations Management
615  7$aDebt
615  7$aDebt Management
615  7$aSovereign Debt
615  7$aMonetary Policy
615  7$aMacroeconomics: Production
615  7$aCurrency
615  7$aForeign exchange
615  7$aPublic finance & taxation
615  7$aMonetary economics
615  7$aMacroeconomics
615  7$aConventional peg
615  7$aPublic debt
615  7$aMonetary policy frameworks
615  7$aExchange rate arrangements
615  7$aOutput gap
615  7$aDebts, Public
615  7$aMonetary policy
615  7$aProduction
615  7$aEconomic theory
700   $aMaziad$b Samar$01509599
712 02$aInternational Monetary Fund.$bStrategy, Policy, and Review Dept.
801  0$bDcWaIMF
906   $aBOOK
912   $a9910788227603321
996   $aMonetary Policy and the Central Bank in Jordan$93741580
997   $aUNINA