Device and its impact on banking stability variables Economic (Jordan case study)

	Device and its impact on banking stability variables Economic (Jordan case study)
magazine of college Administration&Economics for economic &administration & financial studies
Article 1, Volume 322, Issue 1, 2009, Pages 124-169
Abstract
Advantage of the Jordanian economy scarcity of natural resources characterized by Bandartha proportion to the regional context as characterized by Jordan of being a missionary to labor-intensive abroad, especially the Gulf markets as it is the future and the density of migrant workers from abroad, especially from Egypt, Iraq, Palestine, despite the suffering of the Jordan of unemployment (). One of the main characteristics of the Jordanian economy dependence on loans and subsidies of state for the purpose of financing the general budget and development needs which led to the high proportion of debt which amounted in 1997 to (93%) of the gross domestic product, and that this percentage in the year (2002) became equal to (77 %) (). In the most period of recession experienced by the Jordanian economy in general ((1989 suffered the Jordanian economy of the budget deficit (25%) of the gross domestic product, and formed the ratio of foreign debt almost (190%) of it and hit the unemployment rate 25)%) of the total labor working as well as the level of inflation reached a rate of 25.8)%) (). and these things made the Jordanian government recognizes the need to adopt a comprehensive program of economic reform in cooperation with the IMF and the World Bank focuses mainly on the restoration of internal and external balance and to achieve appropriate growth of gross domestic product (GDP) and control on inflation. And headed for the base-class reform efforts towards reducing government spending and improve the quality and the impact on aggregate demand to restore the balance. The role of monetary policy in this area is limited to work on reducing the growth in money supply to fall in line with the inflation target and to maintain monetary stability, including the identification of domestic credit ceilings.

Statistics Article View: 43 PDF Download: 31