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...

תיאור מלא

מידע ביבליוגרפי
מחבר ראשי: Iden, George
מחברים אחרים: Arnone, Marco
פורמט: כתב-עת
שפה:English
יצא לאור: Washington, D.C. : International Monetary Fund, 2003.
סדרה:IMF Working Papers; Working Paper ; No. 2003/045
גישה מקוונת:Full text available on IMF
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245 1 0 |a Primary Dealers in Government Securities :   |b Policy Issues and Selected Countries Experience /  |c George Iden, Marco Arnone. 
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490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |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. 
538 |a Mode of access: Internet 
700 1 |a Arnone, Marco. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2003/045 
856 4 0 |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