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Diane Publishing Books
Why the U.S. Treasury Began Auctioning Treasury Bills in 1929: A Reprint from the “Economic Policy Review”
Kenneth D. Garbade (au)
Explains that the Treasury began auctioning bills to mitigate flaws in the structure of its financing operations that had become apparent during the 1920s. The flaws included the underpricing of new issues to limit the risk of a failed offering; borrowing in advance of actual requirements, resulting in negative carry on Treasury cash balances at commercial banks; and the redemption of maturing issues in advance of tax receipts, resulting in short-term borrowings from Federal Reserve Banks that sometimes led to transient fluctuations in reserves available to the banking system and undesirable volatility in overnight interest rates. Tables and graphs.
Commonwealth of Science: ANZAAS & the Scientific Enterprise in Australia, 1888-1988
Saddam Hussein: Defying the World: A Visual Biography (video)
Politician Goes to War: The Civil War Letters of John White Geary
For Your Own Good: The Roots of Violence in Child-Rearing
Between Friends: Writing Women Celebrate Friendship
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