000 01923cam  2200301za 4500
0019.865804
003CaOODSP
00520221107161904
007cr |||||||||||
008181210s2018    oncd    ob   f000 0 eng d
040 |aCaOODSP|beng
041 |aeng|bfre
043 |an-cn---
0861 |aFB3-6/2018-15E-PDF
24500|aAlternative futures for Government of Canada debt management |h[electronic resource] / |cby Corey Garriott ... [et al.].
260 |a[Ottawa] : |bBank of Canada, |c2018.
300 |aii, 30 p. : |bcol. charts.
4901 |aBank of Canada staff discussion paper, |x1914-0568 ; |v2018-15
500 |a"December 2018."
504 |aIncludes bibliographical references (p. 28-30).
5203 |a"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.
546 |aIncludes abstract in French.
69207|2gccst|aDebt management
69207|2gccst|aFederal government
7001 |aGarriott, Corey.
7102 |aBank of Canada.
830#0|aStaff discussion paper (Bank of Canada)|x1914-0568 ; |v2018-15.|w(CaOODSP)9.806273
85640|qPDF|s715 KB|uhttps://publications.gc.ca/collections/collection_2018/banque-bank-canada/FB3-6-2018-15-eng.pdf