Missing the Mark on Money Market Funds
22 Pages Posted: 16 Mar 2014 Last revised: 18 Mar 2014
Date Written: March 14, 2014
This paper critiques a study published by the Federal Reserve Bank of New York examining what the theoretical impact on the banking system might be if MMFs implausibly were the only depositors of banks.
Keywords: money market funds, Federal Reserve Bank of New York, banking system, deposits, money market mutual funds, financial stability, Dodd-Frank, market discipline, bank failure, uninsured deposits, diversification
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