The Microstructure of Government Securities Markets
- 1 January 1995
- journal article
- Published by International Monetary Fund (IMF) in IMF Working Papers
- Vol. 95 (117)
- https://doi.org/10.5089/9781451853988.001
Abstract
This paper applies the “market microstructure” literature to the specific features of government securities markets and draws implications for the strategy to develop government securities markets. It argues for an active role of the authorities in fostering the development of efficient market structures.Keywords
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