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Author/Editor:
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Simon Gray ; Runchana Pongsaparn
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Publication Date:
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May 18, 2015
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Electronic Access:
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Free Full text
(PDF file size is 744KB).
Use the free
Adobe Acrobat Reader
to view this PDF file
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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
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Summary:
The paper discusses the reasons for central bank (CB) issuance of securities, and reasons for
choosing different approaches e.g. in maturities and target market. It provides evidence on
the range of different approaches taken by those CBs which do issue, as well as suggesting
reasons why some CBs do not; and provides operational guidelines on the major building
blocks of the issuance of CB securities.
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Order a print copy
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Series:
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Working Paper No. 15/106
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Subject(s):
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Central banks | Chile | Korea, Republic of | Thailand | Securities | Bond issues | Excess liquidity | Liquidity management | Monetary policy | Inflation targeting
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