Issuance of Central Bank Securities: International Experiences and Guidelines

Simon Gray and Runchana Pongsaparn

No 2015/106, IMF Working Papers from International Monetary Fund

Abstract: 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.

Keywords: WP; CB Securities; market; liquidity; coupon bond; proceeds (search for similar items in EconPapers)
Pages: 31
Date: 2015-05-18
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Citations: View citations in EconPapers (15)

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