Do Money Market Funds Create Systemic Risk?

Fein, Melanie  L.

doi:10.2139/ssrn.2103887

Abstract

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Do Money Market Funds Create Systemic Risk?

Melanie L. Fein

Fein Law Offices

June 28, 2012

Abstract:
This paper discusses reasons why money market funds do not pose a systemic risk to the United States banking system, highlighting regulatory differences from banking organizations that make MMFs more liquid, diversified, safe, and efficient than banks. This paper is based on the author's oral presentaton at a symposium hosted by the American Enterprise Institute on the subject "Do Money Market Funds Create Systemic Risk?"

Number of Pages in PDF File: 9

Keywords: money market fund, MMF, systemic risk, financial crisis, sponsor support, runs, SEC

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Date posted: July 11, 2012 ; Last revised: July 27, 2012

Suggested Citation

Fein, Melanie L. , Do Money Market Funds Create Systemic Risk? (June 28, 2012). Available at SSRN: http://ssrn.com/abstract=2103887 or http://dx.doi.org/10.2139/ssrn.2103887

Contact Information

Melanie L. Fein (Contact Author)

Fein Law Offices ( email )

601 Pennsylvania Avenue, N.W.
Suite 900 PMB 155
Washington, DC 20004
United States

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