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Primary Dealers in Government Securities
Mr.Marco ArnoneMr.Piero Ugolini
出版International Monetary Fund, 2005-02-25
主題Business & Economics / Investments & Securities / GeneralBusiness & Economics / Finance / GeneralBusiness & Economics / Banks & Banking
ISBN15890637919781589063792
URLhttp://books.google.com.hk/books?id=qDMaNs4H4jMC&hl=&source=gbs_api
EBookSAMPLE
註釋In the past 10 years a growing number of countries have established or began establishing a primary dealer system. This paper discusses the role of primary dealers, as well as theoretical, operational, and technical issues related to the establishment of a primary dealer system, in the overall management of public debt for countries that may be considering taking this step. Drawing on a 2001 survey of country practices, the paper discusses the rationale, costs and benefits, and key prerequisites, as well as selection criteria, obligations, and privileges of a primary dealer system. It also attempts to determine the conditions under which a primary dealer system would make a positive contribution to the functioning and development of the government securities market.