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Alternative futures for Government of Canada debt management / by Corey Garriott ... [et al.].FB3-6/2018-15E-PDF

"This paper presents four blue-sky ideas for lowering the cost of the Government of Canada’s debt without increasing the debt’s risk profile. We argue that each idea would improve the secondary-market liquidity of government debt, thereby increasing the demand for government bonds and thus lowering their cost at issuance. The first two ideas would improve liquidity by enhancing the active management of the government’s debt through market operations used to support the liquidity of outstanding bonds. The second two ideas would simplify the set of securities issued by the government, concentrating issuance in a smaller set of bonds that would each be more highly traded. We discuss the ideas and give an account of the political, legal and operational impediments"--Abstract, p. ii.

Permanent link to this Catalogue record:
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Publication information
Department/Agency
  • Bank of Canada.
TitleAlternative futures for Government of Canada debt management / by Corey Garriott ... [et al.].
Series title
  • Bank of Canada staff discussion paper, 1914-0568 ; 2018-15
Publication typeMonograph - View Master Record
Language[English]
FormatDigital text
Electronic document
Note(s)
  • "December 2018."
  • Includes bibliographical references (p. 28-30).
  • Includes abstract in French.
Publishing information
  • [Ottawa] : Bank of Canada, 2018.
Author / Contributor
  • Garriott, Corey.
Descriptionii, 30 p. : col. charts.
Catalogue number
  • FB3-6/2018-15E-PDF
Subject terms
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