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Author: Mr.Peter Dattels
Publisher: International Monetary Fund
Published: 1995-11
Total Pages: 106
ISBN-13:
DOWNLOAD EBOOKThis paper applies the “market microstructure” literature to the specific features of government securities markets and draws implications for the strategy to develop government securities markets. It argues for an active role of the authorities in fostering the development of efficient market structures.
Author: Mr.Peter Dattels
Publisher: International Monetary Fund
Published: 1995-11-01
Total Pages: 90
ISBN-13: 145185398X
DOWNLOAD EBOOKThis paper applies the “market microstructure” literature to the specific features of government securities markets and draws implications for the strategy to develop government securities markets. It argues for an active role of the authorities in fostering the development of efficient market structures.
Author: Frank de Jong
Publisher: Cambridge University Press
Published: 2009-05-14
Total Pages: 209
ISBN-13: 1139478443
DOWNLOAD EBOOKThe analysis of the microstructure of financial markets has been one of the most important areas of research in finance and has allowed scholars and practitioners alike to have a much more sophisticated understanding of the dynamics of price formation in financial markets. Frank de Jong and Barbara Rindi provide an integrated graduate level textbook treatment of the theory and empirics of the subject, starting with a detailed description of the trading systems on stock exchanges and other markets and then turning to economic theory and asset pricing models. Special attention is paid to models explaining transaction costs, with a treatment of the measurement of these costs and the implications for the return on investment. The final chapters review recent developments in the academic literature. End-of-chapter exercises and downloadable data from the book's companion website provide opportunities to revise and apply models developed in the text.
Author: Darryl King
Publisher: International Monetary Fund
Published: 2017-07-10
Total Pages: 50
ISBN-13: 148430585X
DOWNLOAD EBOOKThis paper considers the central bank mandate with respect to financial stability and identifies the links to the functioning of securities markets. It argues that while emergency support to securities markets is an important part of the crisis management response, a high bar should be set for its use. Importantly, it should be used only as part of a comprehensive policy package. The paper considers what types of securities markets may be important for financial stability, what market conditions could trigger emergency support measures, and how programs can be designed to restore market functioning while minimizing moral hazard.
Author: World Bank
Publisher: World Bank Publications
Published: 2007
Total Pages: 130
ISBN-13:
DOWNLOAD EBOOKDomestic 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.
Author: Kenneth D. Garbade
Publisher: Cambridge University Press
Published: 2021-02-04
Total Pages: 603
ISBN-13: 1108839894
DOWNLOAD EBOOKA contribution to the history of the institutional evolution of the market that finances the US government in war and peace.
Author: Jean-Pierre Casey
Publisher: CEPS
Published: 2005
Total Pages: 142
ISBN-13: 9290795964
DOWNLOAD EBOOKAssessing regulatory measures taken at the EU level that impact European bond markets, this book examines the desirability, utility, and feasibility of certain policy measures.
Author: Larry Harris
Publisher: OUP USA
Published: 2003
Total Pages: 664
ISBN-13: 9780195144703
DOWNLOAD EBOOKFocusing on market microstructure, Harris (chief economist, U.S. Securities and Exchange Commission) introduces the practices and regulations governing stock trading markets. Writing to be understandable to the lay reader, he examines the structure of trading, puts forward an economic theory of trading, discusses speculative trading strategies, explores liquidity and volatility, and considers the evaluation of trader performance. Annotation (c)2003 Book News, Inc., Portland, OR (booknews.com).
Author: Joel Hasbrouck
Publisher: Oxford University Press
Published: 2007-01-04
Total Pages: 209
ISBN-13: 0198041306
DOWNLOAD EBOOKThe interactions that occur in securities markets are among the fastest, most information intensive, and most highly strategic of all economic phenomena. This book is about the institutions that have evolved to handle our trading needs, the economic forces that guide our strategies, and statistical methods of using and interpreting the vast amount of information that these markets produce. The book includes numerous exercises.
Author: International Monetary Fund
Publisher: International Monetary Fund
Published: 1997-04-15
Total Pages: 444
ISBN-13: 9781557755551
DOWNLOAD EBOOKEdited by V. Sundararajan, Peter Dattels, and Hans Blommestein, this volume outlines strategies for managing public debt, developing government securities markets, and coordinating those activities with monetary management through legal, administrative, and operational arrangements. Both transition and market economies are surveyed. The analysis draws partly on the literature on the microstructure of markets and auction systems and on selected country experiences.
