Uniform-price Auctions for Swiss Government Bonds PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Uniform-price Auctions for Swiss Government Bonds PDF full book. Access full book title Uniform-price Auctions for Swiss Government Bonds by Angelo Ranaldo. Download full books in PDF and EPUB format.
Author: Angelo Ranaldo
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book Here
Book Description
Author: Angelo Ranaldo
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book Here
Book Description
Author: Daniel Heller
Publisher:
ISBN:
Category : Auctions
Languages : en
Pages : 24
Get Book Here
Book Description
Author: Mr.Carlo Cottarelli
Publisher: International Monetary Fund
ISBN: 1451855648
Category : Business & Economics
Languages : en
Pages : 70
Get Book Here
Book Description
We review the main issues that arise in the design of treasury bill auctions and survey the relevant empirical literature. We also provide a detailed description of the actual design of these auctions in a sample of 42 industrial and developing countries.
Author: Antonio Scalia
Publisher:
ISBN:
Category : Bond market
Languages : en
Pages : 68
Get Book Here
Book Description
Author: Klaus Abbink
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book Here
Book Description
Author: Menachem Brenner
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Get Book Here
Book Description
Many financial assets, especially government bonds, are issued by an auction. An important feature of the design is the auction pricing mechanism: Uniform vs. Discriminatory. Theoretical papers do not provide a definite answer regarding the dominance of one type of auction over the other. We investigate the revealed preferences of the issuers by surveying the sovereign issuers that conduct auctions. We find that the majority of the issuers/countries in our sample use a discriminatory auction mechanism for issuing government debt securities. We use a multinomial logit procedure and discriminatory analysis to investigate the mechanism choice. It was interesting to find that market oriented economies and those that practice Common law tend to use a uniform method while economies who are less market oriented and practice Civil law tend to use discriminatory price auctions.
Author: Antonio Scalia
Publisher:
ISBN:
Category :
Languages : en
Pages : 57
Get Book Here
Book Description
Author: Flavio M. Menezes
Publisher:
ISBN:
Category : Auctions
Languages : en
Pages : 16
Get Book Here
Book Description
Author: Banca d'Italia
Publisher:
ISBN:
Category : Government securities
Languages : en
Pages : 57
Get Book Here
Book Description
Author: Alberto Franco Pozzolo
Publisher:
ISBN:
Category : Bayesian statistical decision theory
Languages : en
Pages : 0
Get Book Here
Book Description
