Author: Paul MeekPublisher:
ISBN:
Category : Bonds
Languages : en
Pages : 55
Book Description
The Changing Structure of the Dealer Market in Government Securities
Author: Paul MeekPrimary Dealers in Government Securities
Author: Mr.Marco ArnonePublisher: International Monetary Fund
ISBN: 1451846495
Category : Business & Economics
Languages : en
Pages : 66
Book Description
In many countries, authorities have designated a group of financial firms as the principal intermediaries in the government securities market-referred to as "primary dealers" or a "primary dealer system." This paper discusses policy issues related to the establishment of a primary dealer system for countries that may be considering taking this step. In this regard, a key issue is whether a primary dealer system fits into the overall strategy for financial market development in the country. Under a primary dealer system, the debt manager and the group of primary dealers pursue a common strategy in support of the effective functioning and development of primary and secondary markets for government securities. This paper presents results of a survey of country practices conducted in early 2001. Among the countries surveyed, there was broad agreement among authorities that a primary dealer system is to be highly recommended.
Primary Dealers in Government Securities
Author: Mr.Marco ArnonePublisher: International Monetary Fund
ISBN: 9781589063792
Category : Business & Economics
Languages : en
Pages : 104
Book Description
In the past 10 years a growing number of countries have established or began establishing a primary dealer system. This paper discusses the role of primary dealers, as well as theoretical, operational, and technical issues related to the establishment of a primary dealer system, in the overall management of public debt for countries that may be considering taking this step. Drawing on a 2001 survey of country practices, the paper discusses the rationale, costs and benefits, and key prerequisites, as well as selection criteria, obligations, and privileges of a primary dealer system. It also attempts to determine the conditions under which a primary dealer system would make a positive contribution to the functioning and development of the government securities market.
A Study of the Dealer Market for Federal Government Securities
Author: Allan H. MeltzerPublisher:
ISBN:
Category : Bonds
Languages : en
Pages : 168
Book Description
Market Making and the Changing Structure of the Securities Industry
Author: Yakov AmihudPublisher: Beard Books
ISBN: 1587981637
Category : Business & Economics
Languages : en
Pages : 338
Book Description
This is a reprnit of a previously published book. it deals with changes on the U.S. financial market by the Securities Acts Amendment of 1975.
The Microstructure of Government Securities Markets
Author: Mr.Peter DattelsPublisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 106
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.
Primary Dealers in Government Securities
Author: G. IdenPublisher:
ISBN:
Category :
Languages : en
Pages : 65
Book Description
In many countries, authorities have designated a group of financial firms as the principal intermediaries in the government securities market-referred to as primary dealers or a primary dealer system. This paper discusses policy issues related to the establishment of a primary dealer system for countries that may be considering taking this step. In this regard, a key issue is whether a primary dealer system fits into the overall strategy for financial market development in the country. Under a primary dealer system, the debt manager and the group of primary dealers pursue a common strategy in support of the effective functioning and development of primary and secondary markets for government securities. This paper presents results of a survey of country practices conducted in early 2001. Among the countries surveyed, there was broad agreement among authorities that a primary dealer system is to be highly recommended.
A Study of the Dealer Market for Federal Government Securities
Author: United States. Congress. Economic Joint CommitteePublisher:
ISBN:
Category :
Languages : en
Pages : 162
Book Description
An Analysis of the Dealer Market in U.S. Government Securities
Author: Harry Francis JonesDeveloping the Domestic Government Debt Market
Author: World BankPublisher: World Bank Publications
ISBN:
Category : Business & Economics
Languages : en
Pages : 130
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.