Bidding Behavior in Treasury Bill Auctions : Evidence From Pakistan.
Behavior in the first three years of auctions for Pakistani treasury bills is studied. Bidding strategies rapidly converged to a consistent pattern after the auctions started in 1991. Factors are identified that influenced the expected profitability of auction participation, which was on average low...
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| Format: | Zeitschrift |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C. :
International Monetary Fund,
2000.
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| Schriftenreihe: | IMF Working Papers; Working Paper ;
No. 2000/111 |
| Online Zugang: | Full text available on IMF |