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...
| Awdur Corfforaethol: | |
|---|---|
| Fformat: | Cylchgrawn |
| Iaith: | English |
| Cyhoeddwyd: |
Washington, D.C. :
International Monetary Fund,
2000.
|
| Cyfres: | IMF Working Papers; Working Paper ;
No. 2000/111 |
| Mynediad Ar-lein: | Full text available on IMF |