Treasury Bills and/Or Central Bank Bills for Absorbing Surplus Liquidity : The Main Considerations »
Series: IMF Working Papers
Author(s): Obert Nyawata
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 2012
Keywords: consolidated public sector, central bank, government securities, debt management, Fiscal and Monetary Policy in Development, Wages, Compensation, and Labor Costs: Public Policy,
This paper discusses the challenging question of whether central banks should use treasury bills or central bank bills for draining excess liquidity in the banking system. While recognizing that there are practical...