Auctioning treasury securities

A proposal of two suggested changes in the current sealed-bid, multiple-price auction process for selling U.S. Treasury securities, each of which might eliminate incentives and opportunities for market manipulation and thereby reduce the need to police arbitrary auction rules.

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Year of publication:	1992
Authors:	Stevens, E.J. ; Dumitru, Diana
Published in:	Economic Commentary. - Federal Reserve Bank of Cleveland. - 1992, Jun, 2
Publisher:	Federal Reserve Bank of Cleveland
Subject:	Government securities

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005512845