Structural Reforms in Government Bond Markets

Structural Reforms in Government Bond Markets
The paper documents institutional reforms that have taken place in the government debt markets of many industrial countries since the early 1980s, and investigates the impact of three key changes: (i) the move from relationship financing to market funding; (ii) the introduction of options; and (iii) the introduction of futures. Variance ratio... READ MORE...

Publication date: August 1998
ISBN 9781451853070
$15.00

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