Issuance of Central Bank Securities: International Experiences and Guidelines
May 18, 2015
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Summary
The paper discusses the reasons for central bank (CB) issuance of securities, and reasons for choosing different approaches e.g. in maturities and target market. It provides evidence on the range of different approaches taken by those CBs which do issue, as well as suggesting reasons why some CBs do not; and provides operational guidelines on the major building blocks of the issuance of CB securities.
Subject: Bonds, Government securities, Liquidity management, Securities, Yield curve
Keywords: CB Securities, coupon bond, liquidity, market, proceeds, WP
Pages:
31
Volume:
2015
DOI:
Issue:
106
Series:
Working Paper No. 2015/106
Stock No:
WPIEA2015106
ISBN:
9781513593371
ISSN:
1018-5941
