Treasury Bills and/Or Central Bank Bills for Absorbing Surplus Liquidity
Title | Treasury Bills and/Or Central Bank Bills for Absorbing Surplus Liquidity PDF eBook |
Author | Mr.Obert Nyawata |
Publisher | International Monetary Fund |
Pages | 39 |
Release | 2012-01-01 |
Genre | Business & Economics |
ISBN | 1463933835 |
This paper discusses the challenging question of whether central banks should use treasury bills or central bank bills for draining excess liquidity in the banking system. While recognizing that there are practical reasons for using central bank bills, the paper argues that treasury bills are the first best option especially because positive externalities for the financial sector and the rest of the economy. However, the main considerations in the choice should be: (i) operational independence for the central bank; (ii) market development; and (iii) the strengthening of the transmission of monetary policy impulses.
United States Treasury Bills
Title | United States Treasury Bills PDF eBook |
Author | Edward J. Geng |
Publisher | |
Pages | 308 |
Release | 1966 |
Genre | Finance, Public |
ISBN |
Treasury Bills and/Or Central Bank Bills for Absorbing Surplus Liquidity
Title | Treasury Bills and/Or Central Bank Bills for Absorbing Surplus Liquidity PDF eBook |
Author | Mr.Obert Nyawata |
Publisher | International Monetary Fund |
Pages | 39 |
Release | 2012-01-01 |
Genre | Business & Economics |
ISBN | 1463959370 |
This paper discusses the challenging question of whether central banks should use treasury bills or central bank bills for draining excess liquidity in the banking system. While recognizing that there are practical reasons for using central bank bills, the paper argues that treasury bills are the first best option especially because positive externalities for the financial sector and the rest of the economy. However, the main considerations in the choice should be: (i) operational independence for the central bank; (ii) market development; and (iii) the strengthening of the transmission of monetary policy impulses.
Liquidity of the Treasury Bill Market and the Term Structure of Interest Rates
Title | Liquidity of the Treasury Bill Market and the Term Structure of Interest Rates PDF eBook |
Author | Pu Shen |
Publisher | |
Pages | 88 |
Release | 1994 |
Genre | Government securities |
ISBN |
The Federal Reserve System Purposes and Functions
Title | The Federal Reserve System Purposes and Functions PDF eBook |
Author | Board of Governors of the Federal Reserve System |
Publisher | |
Pages | 0 |
Release | 2002 |
Genre | Banks and Banking |
ISBN | 9780894991967 |
Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.
Developing the Domestic Government Debt Market
Title | Developing the Domestic Government Debt Market PDF eBook |
Author | World Bank |
Publisher | World Bank Publications |
Pages | 130 |
Release | 2007 |
Genre | Business & Economics |
ISBN |
Domestic government debt markets play a critical role in managing public debt effectively and reducing the vulnerability of developing countries to financial crises. Many aspects of debt markets -- money, primary, and secondary markets; a diversified investor base; and sound securities custody and settlement systems and regulation interact in complex ways and are affected by previous policies and developments. This book draws insights from 12 developing and emerging market country case studies on moving from country diagnostics to reform implementation.
Monetary and Exchange System Reforms in China
Title | Monetary and Exchange System Reforms in China PDF eBook |
Author | Mr.Bernard Laurens |
Publisher | International Monetary Fund |
Pages | 108 |
Release | 1996-09-26 |
Genre | Business & Economics |
ISBN | 9781557755629 |
In 1978, China embarked on a gradual but far-reaching reform of its economic system. This paper focuses on the achievements so far in reforming the financial sector, the legal framework for financial transactions, the payments system, and the monetary policy and foreign exchange system. It also analyzes the tasks ahead to achieve the goals set in these areas for the year 2000.