1. The Microstructure of Government Securities Markets
- Author
-
Peter Dattels
- Subjects
Market structure ,Government ,Bond markets ,Securities markets ,government securities, central bank, government securities markets, stock exchange ,Informal sector ,Stock exchange ,Economic sector ,General Earth and Planetary Sciences ,Bond market ,Financial system ,Business ,Foreign exchange ,Market microstructure ,General Environmental Science - Abstract
This paper applies the “market microstructure” literature to the specific features of government securities markets and draws implications for the strategy to develop government securities markets. It argues for an active role of the authorities in fostering the development of efficient market structures.
- Published
- 1995