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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| Formaat: | Tijdschrift |
| Taal: | English |
| Gepubliceerd in: |
Washington, D.C. :
International Monetary Fund,
2000.
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| Reeks: | IMF Working Papers; Working Paper ;
No. 2000/111 |
| Online toegang: | Full text available on IMF |