Declining Treasury Debt A Conference Sponsored by the Federal Reserve Bank of Cleveland October 24-26, 2001

Joseph G. Haubrich, Special Issue Editor

Joseph G. Haubrich and James B. Thomson, Introduction, pp. 701-706

Michael J. Fleming, "Are Larger Treasury Issues More Liquid? Evidence from Bill Reopenings," pp. 707-735
Comment by Narasimhan Jegadeesh, pp. 736-739

Leslie Boni and J. Chris Leach, "Supply Contraction and Trading Protocol: An Examination of Recent Changes in the U.S. Treasury Market," pp 740-762
Comment by Sugato Chakravarty pp. 763-766

Sam Thomas, "The Saga of the First Stock Index Futures Contract: Benchmarks, Models, and Learning," pp. 767-808
Comment by Ed Stevens pp. 809-811

Brent W. Ambrose and Tao-Hsien Dolly King, "GSE Debt and the Decline in the Treasury Debt Market," pp 812-839
Comment by Toni Gravelle, pp. 840-847

Stacey L. Schreft and Bruce D. Smith, "The Conduct of Monetary Policy with a Shrinking Stock of Government Debt," pp. 848-882
Comment by Athanasios Olphanides, pp. 883-886

Henning Bohn, "Government Asset and Liability Management in an Era of Vanishing Public Debt," pp. 887-933
Comment by Jagadeesh Gokhale pp. 934-940

Panel Discussion: Implications of Declining Treasury Debt

Donald L. Kohn, "What Should the Federal Reserve Do as Treasury Debt Is Repaid?" pp. 941-945

J. Alfred Broaddus, Jr., and Marvin Goodfriend, "Federal Reserve Asset Acquisition: A Proposal," pp. 946-951

Robert Neil McCauley, "International Market Implications of Declining Treasury Debt," pp. 952-966

Click here to return to the list of recent JMCB issues.