The Microstructure of Government Securities Markets
90 Pages Posted: 15 Feb 2006
Date Written: November 1995
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.
JEL Classification: D40, G14, G28, G29
Suggested Citation: Suggested Citation