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.

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Renseignements sur la publication
Ministère/Organisme Bank of Canada.
Titre Alternative futures for Government of Canada debt management / by Corey Garriott ... [et al.].
Titre de la série Bank of Canada staff discussion paper, 1914-0568 ; 2018-15
Type de publication Série - Voir l'enregistrement principal
Langue [Anglais]
Format Électronique
Document électronique
Note(s) "December 2018."
Includes bibliographical references (p. 28-30).
Includes abstract in French.
Information sur la publication [Ottawa] : Bank of Canada, 2018.
Auteur / Contributeur Garriott, Corey.
Description ii, 30 p. : col. charts.
Numéro de catalogue
  • FB3-6/2018-15E-PDF
Descripteurs Debt management
Federal government
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