The Latest Fallacy About Money Market Funds

Fein, Melanie

doi:10.2139/ssrn.2118338

Abstract

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The Latest Fallacy About Money Market Funds

Melanie L. Fein

Fein Law Offices

July 2012

Abstract:
A number of falsehoods have emerged during the past two years concerning money market funds and their role in the financial system. The latest fallacy claims that MMFs can cut off the supply of funds to the banking system and thereby imperil the ability of banks to provide loans to the economy. This paper examines this fallacy and explains why it is false.

Number of Pages in PDF File: 82

Keywords: money market funds, MMFs, bank, liquidity, funding, financial markets, Basel, regulators, commercial paper, Dodd-Frank Act, Citigroup, credit availability

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Date posted: July 28, 2012

Suggested Citation

Fein, Melanie L. , The Latest Fallacy About Money Market Funds (July 2012). Available at SSRN: http://ssrn.com/abstract=2118338 or http://dx.doi.org/10.2139/ssrn.2118338

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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