Download This PaperMoney Market Mutual Funds: Runs, Emergency Liquidity Facilities, and Potential Reforms
12 Pages Posted: 4 Feb 2025
Date Written: May 21, 2021
Abstract
This note describes past runs on non-government money market mutual funds and official sector actions that were taken to stem the runs. In addition, it highlights other cash management vehicles that may have vulnerabilities similar to those of non-government MMMFs. Finally, it proposes that converting all non-government MMMFs into government MMMFs could substantially reduce the likelihood of future official sector support for MMMFs.
Keywords: Money Market Mutual Funds: Runs, Emergency Liquidity Facilities, and Potential Reforms
Suggested Citation: Suggested Citation
Anadu, Kenechukwu and Sanders, Siobhan, Money Market Mutual Funds: Runs, Emergency Liquidity Facilities, and Potential Reforms (May 21, 2021). FRB of Boston Supervisory Research & Analysis Unit Notes No. 2021-03, Available at SSRN: https://ssrn.com/abstract=5124259 or http://dx.doi.org/10.2139/ssrn.5124259
Kenechukwu Anadu (Contact Author)
Federal Reserve Bank of Boston ( email )
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