02001cas a2200241 a 4500 AALejournalIMF006829 230101c9999 xx r poo 0 0eng d 5.00 USD 9781455209569 1018-5941 BD-DhAAL BD-DhAAL Poghosyan, Tigran. Slowdown of Credit Flows in Jordan in the Wake of the Global Financial Crisis : Supply or Demand Driven? / Tigran Poghosyan. Washington, D.C. : International Monetary Fund, 2010. 1 online resource (15 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper estimates a disequilibrium model of credit supply and demand to evaluate the relative role of these factors in the slowdown of credit flows in the Jordanian economy in the wake of the global financial crisis. The empirical analysis suggests that the credit stagnation is mainly driven by the restricted credit supply amid tighter monetary policy conditions in Jordan relative to the United States, as evidenced by the widened interest differential between the Central Bank of Jordan (CBJ) re-discount and the U.S. Federal Reserve funds rates. Although it appears that demand side factors related to the slowdown of economic activity have also had an impact, their role has been relatively modest. The estimation results imply that economic policies targeted towards stimulating supply of credit are likely to be a more effective tool for expanding credit flows relative to demand stimulating policies. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2010/256 Full text available on IMF http://elibrary.imf.org/view/journals/001/2010/256/001.2010.issue-256-en.xml IMF e-Library