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What is regulatory system?

Updated: 8/19/2023
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8y ago

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The fundamental parts of the legal framework supporting an efficient domestic government securities market usually include an explicit empowerment of the government to borrow, budgetary rules for the issuance of government securities, rules for the organization of the primary market, role of central bank as agent for the government, the debt-management framework, rules governing issuance of government securities, and rules pertaining to the secondary market

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Q: What is regulatory system?
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