Joint Report on the Government Securities Market

Joint Report on the Government Securities Market PDF Author: United States. Department of the Treasury
Publisher: Treasury
ISBN:
Category : Business & Economics
Languages : en
Pages : 208

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Book Description

Joint Report on the Government Securities Market

Joint Report on the Government Securities Market PDF Author: United States. Department of the Treasury
Publisher: Treasury
ISBN:
Category : Business & Economics
Languages : en
Pages : 208

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Book Description


The Microstructure of Government Securities Markets

The Microstructure of Government Securities Markets PDF Author: Mr.Peter Dattels
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 106

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Book Description
This paper applies the “market microstructure” literature to the specific features of government securities markets and draws implications for the strategy to develop government securities markets. It argues for an active role of the authorities in fostering the development of efficient market structures.

A Study of the Dealer Market for Federal Government Securities

A Study of the Dealer Market for Federal Government Securities PDF Author: Allan H. Meltzer
Publisher:
ISBN:
Category : Bonds
Languages : en
Pages : 154

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Book Description


A Study of the Dealer Market for Federal Government Securities

A Study of the Dealer Market for Federal Government Securities PDF Author: United States. Congress. Economic Joint Committee
Publisher:
ISBN:
Category :
Languages : en
Pages : 162

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After the Accord

After the Accord PDF Author: Kenneth D. Garbade
Publisher: Cambridge University Press
ISBN: 1108839894
Category : Business & Economics
Languages : en
Pages : 603

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Book Description
A contribution to the history of the institutional evolution of the market that finances the US government in war and peace.

Fragilities in the U.S. Treasury Market

Fragilities in the U.S. Treasury Market PDF Author: Antoine Bouveret
Publisher: International Monetary Fund
ISBN: 1513566474
Category : Business & Economics
Languages : en
Pages : 44

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Book Description
Changes in the structure of the U.S. Treasury market over recent years may have increased risks to financial stability. Traditional market makers have changed their liquidity provision by increasingly switching from risk warehousing to risk distribution, and a new breed of market maker has emerged with the rise of electronic trading. The “flash rally” of October 15, 2014 provides a clear example of how those risks can materialize. Based on an in-depth analysis of the event—complementing the authorities’ work—we suggest i) providing incentives for liquidity provision, ii) improving market safeguards, and iii) enhancing the regulation of the Treasury market.

Birth of a Market

Birth of a Market PDF Author: Kenneth D. Garbade
Publisher: MIT Press
ISBN: 0262297795
Category : Business & Economics
Languages : en
Pages : 407

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Book Description
The evolution of “a marvel of modern finance,” the market for U.S. Treasury securities, from 1917 to 1939. The market for U.S. Treasury securities is a marvel of modern finance. In 2009 the Treasury auctioned $8.2 trillion of new securities, ranging from 4-day bills to 30-year bonds, in 283 offerings on 171 different days. By contrast, in the decade before World War I, there was only about $1 billion of interest-bearing Treasury debt outstanding, spread out over just six issues. New offerings were rare, and the debt was narrowly held, most of it owned by national banks. In Birth of a Market, Kenneth Garbade traces the development of the Treasury market from a financial backwater in the years before World War I to a multibillion dollar market on the eve of World War II. Garbade focuses on Treasury debt management policies, describing the origins of several pillars of modern Treasury practice, including “regular and predictable” auction offerings and the integration of debt and cash management. He recounts the actions of Secretaries of the Treasury, from William McAdoo in the Wilson administration to Henry Morgenthau in the Roosevelt administration, and their responses to economic conditions. Garbade's account covers the Treasury market in the two decades before World War I, how the Treasury financed the Great War, how it managed the postwar refinancing and paydowns, and how it financed the chronic deficits of the Great Depression. He concludes with an examination of aspects of modern Treasury debt management that grew out of developments from 1917 to 1939.

The Money Market

The Money Market PDF Author: Marcia L. Stigum
Publisher: McGraw-Hill Professional Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 764

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Book Description
**** The first edition (1978) is cited in BCL3 (the 1983 edition was not noticed by the editors?). This is the standard reference on the subject, updated to cover developments since 1983. New or substantially revised chapters cover interest-rate swaps, medium-term notes (including bank deposit notes) futures (Treasury and Euro), options, loan-participation sales, banking (domestic and Euro), and the commercial paper market. Annotation copyrighted by Book News, Inc., Portland, OR

Federal Register

Federal Register PDF Author:
Publisher:
ISBN:
Category : Administrative law
Languages : en
Pages : 1260

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Book Description


Developing the Domestic Government Debt Market

Developing the Domestic Government Debt Market PDF Author: World Bank
Publisher: World Bank Publications
ISBN:
Category : Business & Economics
Languages : en
Pages : 130

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Book Description
Domestic government debt markets play a critical role in managing public debt effectively and reducing the vulnerability of developing countries to financial crises. Many aspects of debt markets -- money, primary, and secondary markets; a diversified investor base; and sound securities custody and settlement systems and regulation interact in complex ways and are affected by previous policies and developments. This book draws insights from 12 developing and emerging market country case studies on moving from country diagnostics to reform implementation.