A Descriptive Analysis of the Finnish Treasury Bond Market 1991-1999

A Descriptive Analysis of the Finnish Treasury Bond Market 1991-1999
Author: Matti Keloharju
Publisher:
Total Pages: 30
Release: 2013
Genre:
ISBN:

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This paper presents a descriptive analysis of the primary and secondary market for Finnish treasury bonds. The paper focuses on three issues. First, we report basic descriptive statistics such as auction volumes and secondary market yields and volumes. Second, we estimate the revenues earned by primary dealers from the treasury bond market. Third, we analyse the development of the price of the auctioned bonds, relative to other benchmark bonds, around the time of the auction. We find evidence of a price decrease in the auctioned bond series before the auction and a price increase after the auction. This pattern is strongest for 1992-1994 when Treasury funding needs were heavy and secondary market trading volume of treasury bonds was modest.

Bulletin

Bulletin
Author:
Publisher:
Total Pages: 300
Release: 2002
Genre: Banks and banking
ISBN:

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The Price of Liquidity

The Price of Liquidity
Author: Falko Fecht
Publisher:
Total Pages: 0
Release: 2008
Genre:
ISBN: 9783865584809

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A Historical Public Debt Database

A Historical Public Debt Database
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 27
Release: 2010-11-01
Genre: Business & Economics
ISBN: 1455209457

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This paper describes the compilation of the first truly comprehensive database on gross government debt-to-GDP ratios, covering nearly the entire IMF membership (174 countries) and spanning an exceptionally long time period. The database was constructed by bringing together a number of other datasets and information from original sources. For the most recent years, the data are linked to the IMF World Economic Outlook (WEO) database to facilitate regular updates. The paper discusses the evolution of debt-to-GDP ratios across country groups for several decades, episodes of debt spikes and reversals, and a pattern of negative correlation between debt and growth.