The Emergence of “Regular and Predictable” as a Treasury DebtManagement Strategy

[...]This article examines why, during the 1970s, Treasuryofficials changed the framework within which they made their debt management decisions. We show that the Treasuryfinanced an unusually rapid expansion of the deficit in 1975with a flurry of tactical offerings. The offerings disrupted themarket and provided the impetus to adopt a program ofregular and predictable issuance that allowed investors to planfuture commitments of funds with greater confidence.[...]

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Year of publication:	2007-03-01
Authors:	Garbade, Kenneth D.
Institutions:	Federal Reserve Bank <New York, NY>
Published in:	London School of Economics and Political Science - Publications FRBNY Economic Policy Review / March 2007, pp 53-71
Subject:	Bank \| Strategische Planung \| strategic management \| Unsicherheit \| Finanzmanagement \| financial management

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Extent:	562176 bytes 19 p. application/pdf
Type of publication:	Article
Language:	English
Classification:	Specific management methods ; Financial theory ; Empirical research. of corporate finance and investment policy ; Individual Articles ; No country specification
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005869674