Impact of monetary policy on financial stability evidence from Jordan
Other Title(s)
أثر السياسة النقدية في الاستقرار المالي في الأردن
Joint Authors
al-Tarawinah, Ala al-Din Awad
Khatayibah, Muhammad
Source
Dirasat : Administrative Sciences
Issue
Vol. 43, Issue 1 (30 Jun. 2016), pp.301-313, 13 p.
Publisher
University of Jordan Deanship of Academic Research (DAR)
Publication Date
2016-06-30
Country of Publication
Jordan
No. of Pages
13
Main Subjects
Financial and Accounting Sciences
Abstract EN
In this paper, we analyze the relationship between financial stability and monetary policy in Jordan.
We consider an impulse function using a VAR framework.
A Granger causality test employed to explore the impact of monetary policy shocks on a financial stability index.
Findings emphasize that changes in the excess reserves impact positively on the financial stability index, however, the effect is small in magnitude.
On the same direction, changes in domestic credit have a significant impact on the financial stability index.
These findings support the explanation that monetary policy has a significant effect on the financial stability through affecting its medium target, using its instruments, mainly excess reserves.
American Psychological Association (APA)
Khatayibah, Muhammad& al-Tarawinah, Ala al-Din Awad. 2016. Impact of monetary policy on financial stability evidence from Jordan. Dirasat : Administrative Sciences،Vol. 43, no. 1, pp.301-313.
https://search.emarefa.net/detail/BIM-818925
Modern Language Association (MLA)
Khatayibah, Muhammad& al-Tarawinah, Ala al-Din Awad. Impact of monetary policy on financial stability evidence from Jordan. Dirasat : Administrative Sciences Vol. 43, no. 1 (2016), pp.301-313.
https://search.emarefa.net/detail/BIM-818925
American Medical Association (AMA)
Khatayibah, Muhammad& al-Tarawinah, Ala al-Din Awad. Impact of monetary policy on financial stability evidence from Jordan. Dirasat : Administrative Sciences. 2016. Vol. 43, no. 1, pp.301-313.
https://search.emarefa.net/detail/BIM-818925
Data Type
Journal Articles
Language
English
Notes
Record ID
BIM-818925