{
  "title": "Issuance of Central Bank Securities: International Experiences and Guidelines",
  "publication": "IMF Working Papers, 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.",
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    {
      "heading": "Summary",
      "content": "- 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.\n- 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.\n- Authors: Simon T Gray, Runchana Pongsaparn.\n- Date: May 18, 2015."
    },
    {
      "heading": "Major findings and evidence",
      "content": "- Reasons for CB issuance of securities are explored, including choices over maturities and target market.\n- The paper documents a range of different approaches taken by CBs that issue securities.\n- The paper suggests reasons why some CBs do not issue securities."
    },
    {
      "heading": "Operational guidelines (major building blocks)",
      "content": "- The paper provides operational guidelines on the major building blocks of the issuance of CB securities.\n- Guidelines address design choices such as maturities, target market, and operational setup for issuance."
    },
    {
      "heading": "Subject areas and keywords",
      "content": "- Subject: Bonds, Government securities, Liquidity management, Securities, Yield curve.\n- Keywords: CB Securities, coupon bond, liquidity, market, proceeds, WP.\n\n---\n\n Content in this bundle\n\n- wp15106\n  - wp15106 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - wp15106 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/issuance-of-central-bank-securities-international-experiences-and-guidelines-42941"
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    "Authors: Simon T Gray, Runchana Pongsaparn",
    "Published: May 18, 2015",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781513593371.001",
    "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.",
    "Authors: Simon T Gray, Runchana Pongsaparn.",
    "Date: May 18, 2015.",
    "Reasons for CB issuance of securities are explored, including choices over maturities and target market.",
    "The paper documents a range of different approaches taken by CBs that issue securities.",
    "The paper suggests reasons why some CBs do not issue securities.",
    "The paper provides operational guidelines on the major building blocks of the issuance of CB securities.",
    "Guidelines address design choices such as maturities, target market, and operational setup for issuance.",
    "Subject: Bonds, Government securities, Liquidity management, Securities, Yield curve.",
    "Keywords: CB Securities, coupon bond, liquidity, market, proceeds, WP.",
    "**_wp15106**"
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