Birth of a market : the U.S. Treasury securities market from the Great War to the Great Depression /
The market for U.S. Treasury securities is a marvel of modern finance. In 2009 the Treasury auctioned #8.2 trillion of new securities, ranging from 4-day bills to 30-year bonds, in 283 offerings on 171 different days. By contrast, in the decade before World War I, there was only about #1 billion of...
Clasificación: | Libro Electrónico |
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Autor principal: | |
Formato: | Electrónico eBook |
Idioma: | Inglés |
Publicado: |
Cambridge, Mass. :
MIT Press,
©2012.
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Temas: | |
Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Introduction
- The payments system before World War I
- Treasury debt management before World War I
- Treasury finance during World War I
- Designing the liberty loans
- Marketing the liberty loans
- Treasury cash management : certificates of indebtedness
- Treasury cash management : war loan deposit accounts
- Federal Reserve support of the treasury market during World War I
- Coda on treasury debt management during World War I
- Treasury finance during the 1920s
- Paying down the war debt
- Revival of the over-the-counter market
- Evolution of the primary market and the introduction of treasury bills
- Coda on treasury debt management during the 1920s
- Treasury finance during the Great Depression
- Non-marketable treasury debt
- Treasury debt management during the Great Contraction
- Treasury debt management during the New Deal
- The primary market during the Great Depression
- Statutory control of treasury indebtedness
- The brief revival and subsequent extinction of national bank notes
- Coda on treasury debt management during the Great Depression
- Treasury debt management since 1939.