## Primary Dealers in Government Securities

_IMF Special Issues, February 25, 2005_

## Source details

**Canonical URL:** [Primary Dealers in Government Securities](https://www.imf.org/en/publications/imf-special-issues/issues/2016/12/31/primary-dealers-in-government-securities-17589)

## Other formats

- [Markdown version](/en/publications/imf-special-issues/issues/2016/12/31/primary-dealers-in-government-securities-17589/index.md)
- [Structured JSON version](/en/publications/imf-special-issues/issues/2016/12/31/primary-dealers-in-government-securities-17589/index.json)
- [Bundle manifest](/en/publications/imf-special-issues/issues/2016/12/31/primary-dealers-in-government-securities-17589/bundle-manifest.json)

## Bibliographic details
- Authors: Marco Arnone, Piero Ugolini
- Published: February 25, 2005
- Series: IMF Special Issues
- DOI: https://doi.org/10.5089/9781589063792.058

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### Overview
- Examines the emergence of primary dealer systems, noting that "in the past 10 years a growing number of countries have established or began establishing a primary dealer system."
- Draws on a "2001 survey of country practices" to analyze theoretical, operational, and technical issues related to establishing a primary dealer system within the overall management of public debt.
- Publication date: February 25, 2005.

### Key analytical themes and findings
- Role of primary dealers:
  - Discusses the role of primary dealers in government securities markets and public debt management.
- Rationale, costs, and benefits:
  - Evaluates the rationale for establishing a primary dealer system and its potential costs and benefits.
- Operational and technical issues:
  - Addresses operational and technical issues related to setting up and running a primary dealer system.
- Market development conditions:
  - Attempts to determine the conditions under which a primary dealer system would make a positive contribution to the functioning and development of the government securities market.
- Empirical base:
  - Analysis is grounded in the "2001 survey of country practices."

### Key topics covered
- Selection criteria for primary dealers
- Obligations and privileges associated with primary dealer status
- Key prerequisites for establishing a primary dealer system
- Interaction with open market operations, government debt management, and securities markets

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## Content in this bundle

- **Primary Dealers in Government Securities - International Monetary Fund -- February 25, 2005**
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_Source: https://www.imf.org/en/publications/imf-special-issues/issues/2016/12/31/primary-dealers-in-government-securities-17589_