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...
| Korporativna značnica: | |
|---|---|
| Format: | Revija |
| Jezik: | English |
| Izdano: |
Washington, D.C. :
International Monetary Fund,
2000.
|
| Serija: | IMF Working Papers; Working Paper ;
No. 2000/111 |
| Online dostop: | Full text available on IMF |