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Money markets matter (English)

Money markets trade in debt--unsecured overnight loans, commercial bills, treasury bills, and repurchase agreements--of less than a year to maturity. To work efficiently, these basic building blocks in the development of capital markets need liquidity, multilateral trading, and a range of participants. This Note describes the features of a liquid and efficient money market and the benefits it brings to banks, savers, borrowers, other financial markets...
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Wilton,David Earl.

Money markets matter (English). At a glance ; FPD note no. 27|Public policy for the private sector ; Note no. 27 Washington, D.C. : The World Bank. http://documents.worldbank.org/curated/en/668821468762329079

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