TY  - BOOK
AU  - Schinasi,Garry J.
AU  - Kramer,Charles Frederick
AU  - Schinasi,Garry J.
AU  - Smith,T.Todd
TI  - Financial Implications of the Shrinking Supply of U.S. Treasury Securities
T2  - IMF Working Papers; Working Paper
SN  - 145184817X :
SN  - 1018-5941
PY  - 2001///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Bonds
KW  - imf
KW  - Financial Markets and the Macroeconomy
KW  - Government Securities
KW  - Hedging
KW  - Securities Markets
KW  - Treasury Securities
KW  - United States
N2  - Recent improvements in fiscal positions in advanced countries have sharply curtailed the issuance of government securities and created the possibility that government securities could disappear in some countries. The possibility that this might occur in the United States has attracted the most attention, in large part because of the international role of the U.S. dollar and the widespread perception that U.S. treasury securities have the lowest total financial risk (the combination of credit, market, and liquidity risks) among U.S. dollar assets. This paper analyzes the unique features of government securities and links them to the important roles that government securities, in particular U.S. treasury securities, have come to play in national and international financial markets. The paper then identifies and examines financial market-oriented public policy questions raised by the shrinking supply of U.S. treasuries
UR  - http://elibrary.imf.org/view/IMF001/02351-9781451848175/02351-9781451848175/02351-9781451848175.xml
UR  - http://www.imfbookstore.org/IMFORG/9781451848175
ER  -