Peter B. Clark, William E. Alexander, Leonardo Bartolini, Carlo Cottarelli, Exchange Affairs Dept
Abstract
We review the main issues that arise in the design of treasury bill auctions and survey the relevant empirical literature. We also provide a detailed description of the actual design of these auctions in a sample of 42 industrial and developing countries.
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We review the main issues that arise in the design of treasury bill auctions and survey the relevant empirical literature. We also provide a detailed description of the actual design of these auctions in a sample of 42 industrial and developing countries.
Key concepts: Treasury, Common value auction, Sample (material), Empirical evidence, Business, Economics, Microeconomics, Political science