01667cas a2200241 a 4500 AALejournalIMF010474 230101c9999 xx r poo 0 0eng d 15.00 USD 9781451973259 1020-7635 BD-DhAAL BD-DhAAL International Monetary Fund. Research Dept. IMF Staff papers : Volume 40 No. 3. Washington, D.C. : International Monetary Fund, 1993. 1 online resource (236 pages) IMF Staff Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper assesses alternative auction techniques for pricing and allocating various financial instruments, such as government securities, central bank refinance credit, and foreign exchange. Before recommending appropriate formats for auctioning these items, the paper discusses basic auction formats, assessing the advantages and disadvantages of each, based on the existing, mostly theoretical, literature. It is noted that auction techniques can be usefully employed for a broad range of items and that their application is of particular relevance to the impetus in many parts of the world toward establishing market-oriented economies. Mode of access: Internet IMF Staff Papers; IMF Staff Papers ; No. 1993/002 Full text available on IMF http://elibrary.imf.org/view/journals/024/1993/002/024.1993.issue-002-en.xml IMF e-Library