Auctioning treasury securities
AbstractA 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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Bibliographic InfoArticle provided by Federal Reserve Bank of Cleveland in its journal Economic Commentary.
Volume (Year): (1992)
Issue (Month): Jun ()
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- Menezes F. M. & Monteiro, P. K., 1996.
"Existence of equilibrium in a descriminatory price auction,"
Mathematical Social Sciences,
Elsevier, vol. 31(1), pages 60-61, February.
- Menezes, Flavio M. & Monteiro, Paulo K., 1995. "Existence of equilibrium in a discriminatory price auction," Mathematical Social Sciences, Elsevier, vol. 30(3), pages 285-292, December.
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