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Aspects institutionnels et efficacité des marchés primaire et secondaire des Bons du Trésor dans la zone Euro et au Royaume-Uni

Antoine Renucci ()
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Antoine Renucci: DRM - Dauphine Recherches en Management - Université Paris Dauphine-PSL - PSL - Université Paris Sciences et Lettres - CNRS - Centre National de la Recherche Scientifique

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Abstract: This paper first presents the workings (institutions, claims, issuance procedures and calendar) of the primary market for Treasury Bills within the Eurozone and in the U.K. Then, it describes the secondary market, and focuses on electronic platforms. Finally, it compares the efficiency of differing institutions in terms of costs and provision of liquidity.

Keywords: bons du Trésor; liquidité; efficacité (search for similar items in EconPapers)
Date: 2006
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Published in Banque & Marchés, 2006, 85 (85), pp.59-75

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00150647

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