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Appendix 2. Complete Survey Results by Country »
Source: Primary Dealers in Government Securities
Series: IMF Special Issues
Author(s): Marco Arnone , and Piero Ugolini
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 25 February 2005
ISBN: 9781589063792
Keywords: Securities regulations, government securities, central bank, securities market, government securities market, open market operations
Argentina...
Appendix 1. Summary of Primary Dealer System Characteristics »
Source: Primary Dealers in Government Securities
Series: IMF Special Issues
Author(s): Marco Arnone , and Piero Ugolini
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 25 February 2005
ISBN: 9781589063792
Keywords: Securities regulations, government securities, central bank, securities market, government securities market, open market operations
Primary Dealer System Starting Date...
Central Banks Use of Derivatives and Other Contingent Liabilities »
Source: Central Banks Use of Derivatives and Other Contingent Liabilities : Analytical Issues and Policy Implications
Volume/Issue: 2000/66
Series: IMF Working Papers
Author(s): Liliana Schumacher , and Mario Bléjer
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2000
ISBN: 9781451848786
Keywords: central bank, contingent liabilities, foreign exchange, bank assets, deposit insurance
Whereas some central bank derivatives and other contingent liabilities arise from anomalous circumstances, there are a number of positive reasons that explain their popularity. After analyzing the rationale for the...
Chapter 2. Definition and Findings »
Source: Primary Dealers in Government Securities
Series: IMF Special Issues
Author(s): Marco Arnone , and Piero Ugolini
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 25 February 2005
ISBN: 9781589063792
Keywords: Securities regulations, government securities, central bank, securities market, government securities market, open market operations
In simple terms, a primary dealer system is an agreement between two major stakeholders in the domestic government debt market—the debt manager and a group of dealers—to pursue a common strategy in support o...
Chapter 8. Evidence from the Survey »
Source: Primary Dealers in Government Securities
Series: IMF Special Issues
Author(s): Marco Arnone , and Piero Ugolini
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 25 February 2005
ISBN: 9781589063792
Keywords: Securities regulations, government securities, central bank, securities market, government securities market, open market operations
In April 2001, a survey questionnaire on primary dealers was sent to 47 countries. Of the 39 respondents, yielding a turnout rate of about 83 percent, 20 are advanced economies, 13 are emerging markets, and...
Chapter 4. Implications of Establishing a Primary Dealer System »
Source: Primary Dealers in Government Securities
Series: IMF Special Issues
Author(s): Marco Arnone , and Piero Ugolini
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 25 February 2005
ISBN: 9781589063792
Keywords: Securities regulations, government securities, central bank, securities market, government securities market, open market operations
By selecting certain firms as primary dealers and not others, authorities concentrate market activity in a smaller number of firms, which has both positive and negative implications. On the positive side, es...
Chapter 1. Introduction »
Source: Primary Dealers in Government Securities
Series: IMF Special Issues
Author(s): Marco Arnone , and Piero Ugolini
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 25 February 2005
ISBN: 9781589063792
Keywords: Securities regulations, government securities, central bank, securities market, government securities market, open market operations
In the last 10 years there have been a growing number of countries establishing primary dealer (PD) systems. This paper discusses the role of primary dealers, as well as operational and technical issues rela...
Chapter 6. Key Prerequisites for a Primary Dealer System »
Source: Primary Dealers in Government Securities
Series: IMF Special Issues
Author(s): Marco Arnone , and Piero Ugolini
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 25 February 2005
ISBN: 9781589063792
Keywords: Securities regulations, government securities, central bank, securities market, government securities market, open market operations
In paving the way for the establishment of a primary dealer system, the authorities might want to create an environment conducive to its most effective functioning. Important prerequisites for establishing a...
Chapter 5. Market Structure and Development »
Source: Primary Dealers in Government Securities
Series: IMF Special Issues
Author(s): Marco Arnone , and Piero Ugolini
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 25 February 2005
ISBN: 9781589063792
Keywords: Securities regulations, government securities, central bank, securities market, government securities market, open market operations
In analyzing the issue of primary dealers, it is important to include considerations of securities market structure and development, and coordination of the various players involved. A decision whether to se...
Chapter 7. Operational Issues in Establishing a Primary Dealer System »
Source: Primary Dealers in Government Securities
Series: IMF Special Issues
Author(s): Marco Arnone , and Piero Ugolini
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 25 February 2005
ISBN: 9781589063792
Keywords: Securities regulations, government securities, central bank, securities market, government securities market, open market operations
This section will cover specific operational issues to be addressed in setting up a primary dealer system—namely, selection criteria, obligations, privileges, supervision, and the issue of foreign firms. Als...