Subastas de títulos públicos en Bolivia
Abstract
Este trabajo hace un análisis de las modalidades alternativas de subastas para títulos públicos y evalúa las ventajas y desventajas de las modalidades más utilizadas en los mercados primarios: la modalidad de precio uniforme y la modalidad de precio discriminante. A pesar de que existe evidencia teórica de que la modalidad de precio uniforme es superior a la discriminante, muy pocos países del mundo hacen colocaciones de títulos públicos bajo este formato. En Bolivia las subastas semanales de títulos cumplen un papel importante para el control monetario y el financiamiento de la deuda pública por lo que es deseable tener una modalidad de subasta que incentive la participación y la profundización del mercado de títulos públicos.Download Info
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Article provided by Banco Central de Bolivia in its journal Revista de Análisis.
Volume (Year): 2 (1999)
Issue (Month): 2 (December)
Pages: 121-155
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Walter Orellana Rocha & Bernardo X. Fernández Tellería & Vladimir Fernández Quiroga, 2006.
"Subasta electrónica interactiva y subasta a sobre cerrado: Un análisis comparativo de los resultados en Bolivia,"
Revista de Análisis del BCB,
Banco Central de Bolivia, vol. 9(1), pages 65-113, December.
- Walter Orellana Bernardo Fernández Vladimir Fernández & Bernardo Fernández & Vladimir Fernández, 2006. "Subasta electrónica interactiva y subasta a sobre cerrado: un análisis comparativo de los resultados en Bolivia," Monetaria, Centro de Estudios Monetarios Latinoamericanos, vol. 0(3), pages 299-345, julio-sep.
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