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Book Cover
Author Arnone, Marco, author

Title Primary dealers in government securities : policy issues and selected countries' experience / Marco Arnone and George Iden
Published [Washington, D.C.] : International Monetary Fund, [2003]
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Description 1 online resource (64 pages) : illustrations
Series IMF working paper ; WP/03/45
IMF working paper ; WP/03/45
Summary In many countries, authorities have designated a group of financial firms as the principal intermediaries in the government securities market-referred to as "primary dealers" or a "primary dealer system." This paper discusses policy issues related to the establishment of a primary dealer system for countries that may be considering taking this step. In this regard, a key issue is whether a primary dealer system fits into the overall strategy for financial market development in the country. Under a primary dealer system, the debt manager and the group of primary dealers pursue a common strategy in support of the effective functioning and development of primary and secondary markets for government securities. This paper presents results of a survey of country practices conducted in early 2001. Among the countries surveyed, there was broad agreement among authorities that a primary dealer system is to be highly recommended
Bibliography Includes bibliographical references (page 64)
Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. MiAaHDL
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Brokers.
Debts, Public.
Expenditures, Public.
Government securities.
Form Electronic book
Author Iden, George, author
International Monetary Fund. Monetary and Exchange Affairs Department.
ISBN 1281600679