The Optimal Choice of Exchange Rate Regime for Jordanian Dinar

The Optimal Choice of Exchange Rate Regime for Jordanian Dinar

Jordan adopted various foreign exchange rate systems ranging from floating to different pegging regimes. The aim of this study is to evaluate the effect of using different pegging exchange rate regimes on the stability of the JD exchange rate. This study found that pegging to the IMF Special Drawing...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Veröffentlicht in:Journal of economic cooperation & development 2017, Vol.38 (2), p.109
Hauptverfasser: Alqalawi, Usama R, Jemel, Hail A, Alwaked, Ahmad A
Format: Artikel
Sprache:eng
Schlagworte:
American dollar
Annual reports
Banking
Central banks
Currency
Developing countries
Diversification
Economic models
Exports
Fixed exchange rates
Floating exchange rates
Foreign exchange
Foreign exchange markets
Foreign exchange rates
Inflation
Inflation rates
International trade
LDCs
Prices
Special drawing rights
Volatility
Online-Zugang:Volltext
Tags: Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
Beschreibung
Zusammenfassung:Jordan adopted various foreign exchange rate systems ranging from floating to different pegging regimes. The aim of this study is to evaluate the effect of using different pegging exchange rate regimes on the stability of the JD exchange rate. This study found that pegging to the IMF Special Drawing Rights was the best choice. This is so because this alternative would lead to more stability of the JD and local prices compared to other alternatives.
ISSN:1308-7800