Economic Announcements and the Timing of Public Debt Auctions

Economic Announcements and the Timing of Public Debt Auctions
Most treasuries around the world sell their securities at auctions either directly or indirectly through an agent, usually the central bank. Although they can control both the rules and the timing of the auction, they may not be able to control the information and valuations of bidders. The purpose of this paper is to identify those economic... READ MORE...

Publication date: April 1998
ISBN 9781451846386
$15.00

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