Money markets trade in debt--unsecured overnight loans, commercial bills, treasury bills, and repurchase agreements--of less than a year to maturity. To work efficiently, these basic building blocks in the development of capital markets need liquidity, multilateral trading, and a range of participants. This Note describes the features of a liquid and efficient money market and the benefits it brings to banks, savers, borrowers, other financial markets...
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INFORMATION
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1994/10/31
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Point de vue
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16971
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1
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1
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2010/07/01
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Money markets matter
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Finance & Private Sector Development
TÉLÉCHARGER
RAPPORT COMPLET
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