Issuance of Central Bank Securities : International Experiences and Guidelines

Author/Editor:

Simon T Gray ; Runchana Pongsaparn

Publication Date:

May 18, 2015

Electronic Access:

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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:

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.

Series:

Working Paper No. 15/106

Subject:

English

Publication Date:

May 18, 2015

ISBN/ISSN:

9781513593371/1018-5941

Stock No:

WPIEA2015106

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

31

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