The Treasury Auction Process : Objectives, Structure, and Recent Adaptations

Treasury auctions are designed to minimize the cost of financing the national debt by promoting broad, competitive bidding and liquid secondary market trading. A review of the auction process - from the announcement of a new issue to the delivery of securities - reveals how these objectives have been met. Also highlighted are changes in the auction process that stem from recent advances in information-processing technologies and risk management techniques

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Year of publication:	[2005]
Authors:	Garbade, Kenneth
Other Persons:	Ingber, Jeffrey (contributor)
Publisher:	[2005]: [S.l.] : SSRN

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Extent:	1 Online-Ressource (11 p)
Type of publication:	Book / Working Paper
Notes:	In: Current Issues in Economics and Finance, Vol. 11, No. 2, February 2005
Classification:	G18 - Government Policy and Regulation ; G28 - Government Policy and Regulation ; H63 - Debt; Debt Management
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012784882