Two case studies on electronic distribution of government securities: the U.S. treasurydirect system and the Philippine expanded small investors program
"The case study on the U.S. TreasuryDirect examines the evolution of the electronic distribution systems for marketable and nonmarketable government securities, the main objectives, and the basic legal infrastructure and the preconditions enabling the system. The U.S. experience highlights that...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
[Washington, D.C]
World Bank
[2004]
|
| Schriftenreihe: | Policy research working paper
3372 |
| Schlagworte: | |
| Online-Zugang: | BSB01 EUV01 HTW01 FHI01 IOS01 Volltext |
| Zusammenfassung: | "The case study on the U.S. TreasuryDirect examines the evolution of the electronic distribution systems for marketable and nonmarketable government securities, the main objectives, and the basic legal infrastructure and the preconditions enabling the system. The U.S. experience highlights that the enabling environment and infrastructure (for example, in terms of information databases such as Pay.Gov) make a large difference in terms of both the security and convenience that customers can expect in the use of the system. The system also achieved important cost savings for the Bureau of the Public Debt. The case study on the Small Investors Program of the Philippines looks at a program that the Philippine government has been experimenting with to sell its securities directly to retail investors over the Internet. The recently revised version of the program called the Expanded Small Investors Program aims to increase access to government securities and distribute them more widely, develop better savings products, and enhance competition in the primary markets for these securities. Glaessner and Kantur analyze whether the programs main goals can be achieved while mitigating the risks. Their analysis suggests that there are good reasons to believe that the new program will succeed. Still, regular and responsive assessments and adjustments will be required as the program moves forward. This paper a product of the Financial Sector Operations and Policy Department is part of a larger effort in the department to provide public goods coming out of the debt management and debt market development program and capital markets practice"--World Bank web site |
| Beschreibung: | Includes bibliographical references Title from PDF file as viewed on 8/12/2004 |
| Beschreibung: | 1 Online-Ressource |
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| spelling | Glaessner, Thomas C. Verfasser aut Two case studies on electronic distribution of government securities the U.S. treasurydirect system and the Philippine expanded small investors program Thomas Glaessner, and Zeynep Kantur [Washington, D.C] World Bank [2004] 1 Online-Ressource txt rdacontent c rdamedia cr rdacarrier Policy research working paper 3372 Includes bibliographical references Title from PDF file as viewed on 8/12/2004 "The case study on the U.S. TreasuryDirect examines the evolution of the electronic distribution systems for marketable and nonmarketable government securities, the main objectives, and the basic legal infrastructure and the preconditions enabling the system. The U.S. experience highlights that the enabling environment and infrastructure (for example, in terms of information databases such as Pay.Gov) make a large difference in terms of both the security and convenience that customers can expect in the use of the system. The system also achieved important cost savings for the Bureau of the Public Debt. The case study on the Small Investors Program of the Philippines looks at a program that the Philippine government has been experimenting with to sell its securities directly to retail investors over the Internet. The recently revised version of the program called the Expanded Small Investors Program aims to increase access to government securities and distribute them more widely, develop better savings products, and enhance competition in the primary markets for these securities. Glaessner and Kantur analyze whether the programs main goals can be achieved while mitigating the risks. Their analysis suggests that there are good reasons to believe that the new program will succeed. Still, regular and responsive assessments and adjustments will be required as the program moves forward. This paper a product of the Financial Sector Operations and Policy Department is part of a larger effort in the department to provide public goods coming out of the debt management and debt market development program and capital markets practice"--World Bank web site Online-Ausg Also available in print Government securities Philippines Data processing Government securities United States Data processing Treasury Direct (Computer system) Treasury bills Purchasing United States Data processing Kantur, Zeynep Sonstige oth World Bank Sonstige oth Glaessner, Thomas C Two case studies on electronic distribution of government securities http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-3372 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Glaessner, Thomas C. Two case studies on electronic distribution of government securities the U.S. treasurydirect system and the Philippine expanded small investors program Government securities Philippines Data processing Government securities United States Data processing Treasury Direct (Computer system) Treasury bills Purchasing United States Data processing |
| title | Two case studies on electronic distribution of government securities the U.S. treasurydirect system and the Philippine expanded small investors program |
| title_auth | Two case studies on electronic distribution of government securities the U.S. treasurydirect system and the Philippine expanded small investors program |
| title_exact_search | Two case studies on electronic distribution of government securities the U.S. treasurydirect system and the Philippine expanded small investors program |
| title_exact_search_txtP | Two case studies on electronic distribution of government securities the U.S. treasurydirect system and the Philippine expanded small investors program |
| title_full | Two case studies on electronic distribution of government securities the U.S. treasurydirect system and the Philippine expanded small investors program Thomas Glaessner, and Zeynep Kantur |
| title_fullStr | Two case studies on electronic distribution of government securities the U.S. treasurydirect system and the Philippine expanded small investors program Thomas Glaessner, and Zeynep Kantur |
| title_full_unstemmed | Two case studies on electronic distribution of government securities the U.S. treasurydirect system and the Philippine expanded small investors program Thomas Glaessner, and Zeynep Kantur |
| title_short | Two case studies on electronic distribution of government securities |
| title_sort | two case studies on electronic distribution of government securities the u s treasurydirect system and the philippine expanded small investors program |
| title_sub | the U.S. treasurydirect system and the Philippine expanded small investors program |
| topic | Government securities Philippines Data processing Government securities United States Data processing Treasury Direct (Computer system) Treasury bills Purchasing United States Data processing |
| topic_facet | Government securities Philippines Data processing Government securities United States Data processing Treasury Direct (Computer system) Treasury bills Purchasing United States Data processing |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-3372 |
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