Primary Dealers in Government Securities : Policy Issues and Selected Countries Experience /
In many countries, authorities have designated a group of financial firms as the principal intermediaries in the government securities market-referred to as "primary dealers" or a "primary dealer system." This paper discusses policy issues related to the establishment of a primar...
|a Primary Dealers in Government Securities :
|b Policy Issues and Selected Countries Experience /
|c George Iden, Marco Arnone.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2003.
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|a 1 online resource (65 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a In many countries, authorities have designated a group of financial firms as the principal intermediaries in the government securities market-referred to as "primary dealers" or a "primary dealer system." This paper discusses policy issues related to the establishment of a primary dealer system for countries that may be considering taking this step. In this regard, a key issue is whether a primary dealer system fits into the overall strategy for financial market development in the country. Under a primary dealer system, the debt manager and the group of primary dealers pursue a common strategy in support of the effective functioning and development of primary and secondary markets for government securities. This paper presents results of a survey of country practices conducted in early 2001. Among the countries surveyed, there was broad agreement among authorities that a primary dealer system is to be highly recommended.
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|a Mode of access: Internet
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|a Arnone, Marco.
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|a IMF Working Papers; Working Paper ;
|v No. 2003/045
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2003/045/001.2003.issue-045-en.xml
|z IMF e-Library