Bidders' behaviour in government securities auctions : a case study for Colombia

Pamela Andrea Cardozo-Ortiz

Número:

760

Publicado:

Viernes, 1 Febrero 2013

Clasificación JEL:

D44, G18, G28

Palabras clave:

Auctions, government bond markets, uniform-price auctions, discriminatory- price auctions

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The paper examines the bidders behaviour in the Colombian government bond auctions during 2007 for the period in which there is no uncertainty in the supply. Three main findings are presented. First, in contrast with other treasury auctions (Castellanos [

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Bidders' behaviour in government securities auctions : a case study for Colombia