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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...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Garbade, Kenneth D.
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Cambridge, Mass. : MIT Press, ©2012.
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.