Download This PaperDo Money Market Funds Create Systemic Risk?
9 Pages Posted: 11 Jul 2012 Last revised: 27 Jul 2012
Date Written: 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?"
Keywords: money market fund, MMF, systemic risk, financial crisis, sponsor support, runs, SEC
Suggested Citation: Suggested Citation
Fein, Melanie L., Do Money Market Funds Create Systemic Risk? (June 28, 2012). Available at SSRN: https://ssrn.com/abstract=2103887 or http://dx.doi.org/10.2139/ssrn.2103887
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