Bidding Strategies in Brazilian Treasury Auctions
Most empirical work in treasury auctions use aggregate auction results to examine bidding behavior. We investigate the strategies of bidders in Brazilian treasury auctions using both aggregate and bidder level data and find that more detailed information allows great improvements in the understandin...
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| Format: | Article |
| Language: | English |
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Brazilian Society of Finance
2003-06-01
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| Series: | Revista Brasileira de Finanças |
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| Online Access: | http://virtualbib.fgv.br/ojs/index.php/rbfin/article/view/1127 |