The Monetary Transmission Mechanism in Jordan / / Tushar Poddar, Hasmik Khachatryan, Randa Sab
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| Autore: |
Poddar Tushar
|
| Titolo: |
The Monetary Transmission Mechanism in Jordan / / Tushar Poddar, Hasmik Khachatryan, Randa Sab
|
| Pubblicazione: | Washington, D.C. : , : International Monetary Fund, , 2006 |
| Descrizione fisica: | 1 online resource (28 p.) |
| Soggetto topico: | Monetary policy - Jordan |
| Banks and Banking | |
| Finance: General | |
| Money and Monetary Policy | |
| Monetary Policy | |
| Monetary Policy, Central Banking, and the Supply of Money and Credit: General | |
| Interest Rates: Determination, Term Structure, and Effects | |
| General Financial Markets: General (includes Measurement and Data) | |
| Monetary economics | |
| Finance | |
| Banking | |
| Bank credit | |
| International reserves | |
| Deposit rates | |
| Stock markets | |
| Monetary transmission mechanism | |
| Credit | |
| Foreign exchange reserves | |
| Interest rates | |
| Stock exchanges | |
| Monetary policy | |
| Soggetto geografico: | Jordan Economic conditions |
| Jordan | |
| Altri autori: |
KhachatryanHasmik
SabRanda
|
| Note generali: | "February 2006." |
| Nota di bibliografia: | Includes bibliographical references (p. 26). |
| Nota di contenuto: | ""Contents""; ""I. INTRODUCTION""; ""II. CHANNELS OF MONETARY TRANSMISSION""; ""III. CONDUCT OF MONETARY POLICY IN JORDAN""; ""IV. EVIDENCE FROM VARS""; ""V. CONCLUSIONS AND POLICY IMPLICATIONS""; ""IMPULSE RESPONSES""; ""GRANGER CAUSALITY TESTS SUMMARY""; ""REFERENCES"" |
| Sommario/riassunto: | This paper examines monetary transmission in Jordan using the vector autoregressive approach. We find that the real 3-month CD rate, the Central Bank's operating target, affects bank retail rates and that monetary policy, measured by the spread between the 3-month CD rate and the U.S. Federal Funds rate, is effective in influencing foreign reserves. We do not find evidence of monetary policy affecting output. Output responds very little to changes in bank lending rates. Furthermore, equity prices and the exchange rate are not significant channels for transmitting monetary policy to economic activity. The effect of monetary policy on the stock market seems insignificant. |
| Titolo autorizzato: | The Monetary Transmission Mechanism in Jordan |
| ISBN: | 1-4623-4577-8 |
| 1-4527-2492-X | |
| 1-283-51375-7 | |
| 9786613826206 | |
| 1-4519-0844-X | |
| Formato: | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione: | Inglese |
| Record Nr.: | 9910788412203321 |
| Lo trovi qui: | Univ. Federico II |
| Opac: | Controlla la disponibilità qui |
Serie:
IMF Working Papers; Working Paper ; ; No. 2006/048