| Description |
1 online resource (v, 92 pages) : illustrations |
| Contents |
Introduction -- Definition and findings -- Rationale for a preliminary dealer system -- Implications of establishing a primary dealer system -- Market structure and development -- Key prerequisites for a primary dealer system -- Operational issues in establishing a primary dealer system -- Evidence from the survey -- Appendix 1. Summary of primary dealer system characteristics -- Appendix 2. Complete survey results by country |
| Summary |
In the last 10 years there have been a growing number of countries that have established or are in the process of establishing a primary dealer system. This special issues paper discusses the role of primary dealers, as well as theoretical, operational, and technical issues related to the establishment of a primary dealer system, in the over all management of public debt for countries that may be considering taking this step. Drawing on a 2001 survey of country practices, the paper discusses the rationale, costs and benefits, key prerequisites, as well as selection criteria, obligations, and privileges of a primary dealer system. It also 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.--Publisher's description |
| Bibliography |
Includes bibliographical references (pages 91-92) |
| Notes |
Print version record |
| Subject |
Government securities.
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Stockbrokers.
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Brokers.
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Commission merchants.
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brokers.
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commission merchants.
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BUSINESS & ECONOMICS -- Finance.
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Commission merchants
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Brokers
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Government securities
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Stockbrokers
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Öffentliche Schulden
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Staatsanleihe
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Kreditmarkt
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Internationaler Vergleich
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Openbare schulden.
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Staatsleningen.
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Effectenhandel.
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CAPITAL MARKETS.
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DEBT MANAGEMENT.
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PUBLIC DEBT.
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FINANCIAL POLICY.
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DEVELOPING COUNTRIES.
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| Form |
Electronic book
|
| Author |
Ugolini, Piero, 1946- author.
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International Monetary Fund.
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| ISBN |
1451980329 |
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9781451980325 |
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9781452767499 |
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1452767491 |
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