Description

The paper discusses the reasons for central bank (CB) issuance of securities, and reasons for
 choosing different approaches e.g. in maturities and target market. It provides evidence on
 the range of different approaches taken by those CBs which do issue, as well as suggesting
 reasons why some CBs do not; and provides operational guidelines on the major building
 blocks of the issuance of CB securities.

More publications in this series: Working Papers

More publications by: Simon Gray ; Runchana Pongsaparn