Add to ORKGIn this paper, we examine the primary and secondary markets for German treasury bills. We look in great detail at the rationale behind banks’ decisions concerning the yield they require to be willing to buy treasury bills in the primary market; and we also mention the reasoning behind household and nonbank firm decisions concerning the price they are willing to pay to buy these bills in the secondary market. We use data from real world tenders to show that the bids set by banks conform to what our theoretical framework would predict. In particular, we show that current monetary policy and the markets’ expectations regarding its future path can be used to define a range where the banks bids lie.FC
The paper presents the results of testing the expectations hypothesis and the market segmentation h...
This paper examines the treatment of sovereign debt exposure within the Basel framework and measures...
After the dramatic rescue package for the euro area, the governing council of the European Central B...
We study the yields in the German treasury bills market. We take a detailed look at the yield banks ...
Die Schuldenberge der europäischen Staaten haben seit Ausbruch der Finanz- und Weltwirtschaftskrise ...
The federal treasury bond, of which two variants - Types A and B - have been offered to private inve...
This paper analyzes the individual bidding behavior of German banks in the money market auctions con...
Central-bank money provides utility by serving as means of exchange for virtually all transactions i...
International audienceWe analyze empirically the determinants of Eurozone Treasury bills yields. Mar...
The paper suggests an innovative contribution to the investigation of banking liabilities pricing co...
The U.S. Treasury Department now releases fuller information about its auctions than in the past, in...
This paper provides a study of bond yield differentials among EU government bonds issued between 199...
Financial market offers various possibilities. One of its major elements are debt instruments, inclu...
In this paper we test two theories of the determination of the government bond spreads in a monetary...
Until the existence of financial futures, testing the determinants and the informational content of ...
The paper presents the results of testing the expectations hypothesis and the market segmentation h...
This paper examines the treatment of sovereign debt exposure within the Basel framework and measures...
After the dramatic rescue package for the euro area, the governing council of the European Central B...
We study the yields in the German treasury bills market. We take a detailed look at the yield banks ...
Die Schuldenberge der europäischen Staaten haben seit Ausbruch der Finanz- und Weltwirtschaftskrise ...
The federal treasury bond, of which two variants - Types A and B - have been offered to private inve...
This paper analyzes the individual bidding behavior of German banks in the money market auctions con...
Central-bank money provides utility by serving as means of exchange for virtually all transactions i...
International audienceWe analyze empirically the determinants of Eurozone Treasury bills yields. Mar...
The paper suggests an innovative contribution to the investigation of banking liabilities pricing co...
The U.S. Treasury Department now releases fuller information about its auctions than in the past, in...
This paper provides a study of bond yield differentials among EU government bonds issued between 199...
Financial market offers various possibilities. One of its major elements are debt instruments, inclu...
In this paper we test two theories of the determination of the government bond spreads in a monetary...
Until the existence of financial futures, testing the determinants and the informational content of ...
The paper presents the results of testing the expectations hypothesis and the market segmentation h...
This paper examines the treatment of sovereign debt exposure within the Basel framework and measures...
After the dramatic rescue package for the euro area, the governing council of the European Central B...