Treasury Bill Auctions: Issues and Uses

November 1, 1994

Preview Citation

Format: Chicago

Carlo Cottarelli, and Leonardo Bartolini. Treasury Bill Auctions: Issues and Uses, (USA: International Monetary Fund, 1994) accessed December 23, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

We review the main issues that arise in the design of treasury bill auctions and survey the relevant empirical literature. We also provide a detailed description of the actual design of these auctions in a sample of 42 industrial and developing countries.

Subject: Financial institutions, Government securities, Public debt, Securities, Tax incentives, Treasury bills and bonds

Keywords: Auction format, Auction price, Auction theory, Discount format, Government securities, Government securities auction, Open-outcry auction, Second-price auction, Securities, Standing auction rule, Treasury bill auction, Treasury bills and bonds, Uniform-price auction, WP

Publication Details

Pages:

70
Volume:

---
DOI:

---
Issue:

---
Series:

Working Paper No. 1994/135
Stock No:

WPIEA1351994
ISBN:

9781451855647
ISSN:

1018-5941

Notes

Contains a detailed description of the actual design of treasury bill auctions in a sample of 42 industrial and developing countries.

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Working Papers