Do Money Market Funds Create Systemic Risk?
Melanie L. Fein
Fein Law Offices
June 28, 2012
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, SECworking papers series
Date posted: July 11, 2012 ; Last revised: July 27, 2012
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