Bank of Canada staff discuss replacing all federal debt issues with 3 fungible perpetual bonds paying fixed, floating, and inflation-linked rates

by kiwimancy Main paper: https://www.bankofcanada.ca/wp-content/uploads/2018/12/sdp2018-15.pdf Mentioned in money stuff: https://www.bloomberg.com/opinion/articles/2018-12-11/a-happy-anniversary-for-madoff-s-scam The paper discusses four ways of improving liquidity of canadian government bonds which should lower the cost of their debt. The last of these is pretty interesting, proposing that they would buy …

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