أثر حجم المديونية والمساعدات والمنح الخارجية على كفاءة السياسة النقدية في تحقيق الاستقرار النقدي في الأردن

Abstract

The study aims to examine the effect of foreign debts and grants on the effectiveness of monetary policy on targeting price stability on Jordan.To achieve this goal the study extends the literature in tow direction, first one relating to literature framework about debt and grants management and types with concerning to monetary efficiency in Jordan, while the second one relating to analytical framework to trace out the main study hypothesis by using simple and multiple regression statistical technique. The statement problem of this study was established to answer the following question:Is there any impact of both (foreign debts and grants size) on the effectiveness of monetary policy on targeting price stability on Jordan? The result outline a set of accepted both variables that had a sizable effect at effectiveness of monetary policy on targeting price stability.In addition this study suggests that the effect had a significant effect for each single variable and this effect magnified due to the small open economy of Jordan as well as the sizable debt of Jordan relative to GNP.