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- W3124005493 abstract "The Swiss Treasury has used the sealed-bid, uniform-price auction format for allocating government bonds since 1980. In this study, we examine the authorities' motivation for choosing the uniform-price auction. In addition, we describe how the institutional set-up evolved over time. It includes bidding requirements, class of bidders, pre-auction information, the bidding process, the determination of the cut-off price and the release of post-auction information. Finally, we provide the details of each of the 356 auctions that were held until and including 2014." @default.
- W3124005493 created "2021-02-01" @default.
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- W3124005493 date "2016-01-01" @default.
- W3124005493 modified "2023-09-23" @default.
- W3124005493 title "Uniform-price auctions for Swiss government bonds: Origin and evolution" @default.
- W3124005493 hasPublicationYear "2016" @default.
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