Series: IMF Working Papers
Author(s): Carlo Cottarelli , and Leonardo Bartolini
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 1994
Keywords: bids, bidders, bidder, competitive bids, government securities
We review the main issues that arise in the design of treasury bill auctions and survey the relevant empirical literature. We also provide a detailed description of the actual design of these auctions in a sample o...