Treasury Bills and/or Central Bank Bills for Absorbing Surplus Liquidity: The Main Considerations

Working Paper No. 12/40

This paper discusses the challenging question of whether central banks should use treasury bills or central bank bills for draining excess liquidity in the banking system. While recognizing that there are practical reasons for using central bank bills, the paper argues that treasury bills are the first best option especially because positive... READ MORE...

Publication date: January 2012
ISBN 9781463933838

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Publication date: January 2012


Publication date: January 2012