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010   $a9786613821348
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035   $a(CKB)3360000000443172
035   $a(EBL)3014313
035   $a(SSID)ssj0000939901
035   $a(PQKBManifestationID)11519253
035   $a(PQKBTitleCode)TC0000939901
035   $a(PQKBWorkID)10937614
035   $a(PQKB)10985873
035   $a(OCoLC)174996515
035   $a(MiAaPQ)EBC3014313
035   $a(IMF)WPIEE2006187
035   $a(EXLCZ)993360000000443172
100   $a20020129d2006      uf             0
101 0 $aeng
181   $ctxt
182   $cc
183   $acr
200 14$aThe Jordanian Stock Market?Should You Invest in It for Risk Diversification or Performance?
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2006.
215   $a1 online resource (38 p.)
225 1 $aIMF Working Papers
300   $a"August 2006."
311   $a1-4518-6447-7 
320   $aIncludes bibliographical references (p. 35-36).
327   $a""Contents""; ""I. INTRODUCTION""; ""II. MAJOR DEVELOPMENTS OF THE JORDANIAN CAPITAL MARKET""; ""III. LINKAGES OF THE ASE TO MAJOR ARAB, EMERGING, AND DEVELOPED STOCK MARKETS""; ""IV. STRENGTHS, VULNERABILITIES, AND MACROECONOMIC LINKAGES OF THE ASE""; ""V. CONCLUSIONS""; ""REFERENCES""
330 3 $aWe analyze the performance of the Amman Stock Exchange (ASE) and its integration with other markets. Using cointegration techniques, we find that the ASE and other Arab stock markets are cointegrated, which implies little long-run risk diversification. However, there is no cointegrating relationship between the ASE and other emerging or developed stock markets. Two of the main regional stock markets-Kuwait and Saudi Arabia-Grangercause the Jordanian stock market. The paper finds that there may have been some overvaluation at end-2005, but that the market correction in early 2006 and strong recent earnings growth have reduced overvaluation concerns.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2006/187
606   $aStock exchanges$zArab countries
606   $aCointegration$zArab countries
606   $aFinance: General$2imf
606   $aInvestments: Stocks$2imf
606   $aMacroeconomics$2imf
606   $aGeneral Financial Markets: General (includes Measurement and Data)$2imf
606   $aPension Funds$2imf
606   $aNon-bank Financial Institutions$2imf
606   $aFinancial Instruments$2imf
606   $aInstitutional Investors$2imf
606   $aPrice Level$2imf
606   $aInflation$2imf
606   $aDeflation$2imf
606   $aFinancial Markets and the Macroeconomy$2imf
606   $aFinance$2imf
606   $aInvestment & securities$2imf
606   $aStock markets$2imf
606   $aStocks$2imf
606   $aEmerging and frontier financial markets$2imf
606   $aAsset prices$2imf
606   $aMarket capitalization$2imf
606   $aStock exchanges$2imf
606   $aFinancial services industry$2imf
606   $aPrices$2imf
607   $aJordan$2imf
615  0$aStock exchanges
615  0$aCointegration
615  7$aFinance: General
615  7$aInvestments: Stocks
615  7$aMacroeconomics
615  7$aGeneral Financial Markets: General (includes Measurement and Data)
615  7$aPension Funds
615  7$aNon-bank Financial Institutions
615  7$aFinancial Instruments
615  7$aInstitutional Investors
615  7$aPrice Level
615  7$aInflation
615  7$aDeflation
615  7$aFinancial Markets and the Macroeconomy
615  7$aFinance
615  7$aInvestment & securities
615  7$aStock markets
615  7$aStocks
615  7$aEmerging and frontier financial markets
615  7$aAsset prices
615  7$aMarket capitalization
615  7$aStock exchanges
615  7$aFinancial services industry
615  7$aPrices
712 02$aInternational Monetary Fund.$bMiddle East and Central Asia Dept.
801  0$bDcWaIMF
906   $aBOOK
912   $a9910788524603321
996   $aThe Jordanian Stock Market?Should You Invest in It for Risk Diversification or Performance$93670967
997   $aUNINA