2016 self liquidating fund asp
It is an additional source of funds for banks and financial institutions.
Savers get a wide variety of instruments in money market to invest their savings and reap profits.
Refer to my articles: How might cell phone money change the financial system?
Today, Global economy is lacking of short term funds & many companies are struggling to procure short term capital.
These are used by govt in case of deficit situations.
At present there is only one type of T-bill that is auctioned T- Bill, which are issued by RBI.
The US government could use the vouchers to not only fund its operations but also to reduce its debt.
Businesses that accept credit card payments would prefer to be paid with the vouchers.
It is not a single market but a collection of markets for several instruments.The President could possibly authorize the issue of negative interest rate vouchers without Congressional approval?