0 a company, government, or organization that offers shares, bonds, etc. for sale:
1 a person or company that supplies, publishes, or makes something available:
2 a bank or government that officially makes available currency and coins:
Inflation payers (issuers) gain the benefit of a disaggregated inflation market without the risks and logistical difficulties associated with creating it themselves.
Among the issuers that have taken part in the rapid expansion of the global bond market are a growing number of sovereign governments.
A certificate in this work is signed by some issuer and contains some claims about a subject.
Moreover, it is not required that certificate issuers be known in advance.
The key model feature is that there is imperfect monitoring of issuers of inside money.
The process of role assignment and access provision is performed in a fully distributed manner, where any party or agent may be a certificate issuer.
This is because inside money provides instant liquidity to its issuers.
And issuers came to see the agencies as points of access to international capital flows.
