The Microstructure of Government Securities Markets

Author/Editor:

Peter Dattels

Publication Date:

November 1, 1995

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

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.

Series:

Working Paper No. 1995/117

Subject:

Brokers and dealers Financial institutions Financial markets Government securities Over-the-counter markets Securities Securities markets Treasury bills and bonds

English

Publication Date:

November 1, 1995

ISBN/ISSN:

9781451853988/1018-5941

Stock No:

WPIEA1171995

Pages:

90

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