Money Market Funds (MMFs) and the Covid-19 pandemic: Has the MMLF benefited money markets?

Nicholas Apergis ()

Finance Research Letters, 2022, vol. 46, issue PA

Abstract: This paper explores the impact of Covid-19, and that of the MMLF program on US MMFs systemic risk through the CoVaR methodology. Using 149 listed prime MMFs, between January 2019 and April 2020, the results document that while Covid-19 increased their systemic risk, the MMLF facility scheme mitigated it.

Keywords: US MMFs; Covid-19; MMLF facility; CoVaR systemic risk (search for similar items in EconPapers)
JEL-codes: G11 G21 G23 Q54 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:46:y:2022:i:pa:s1544612321003184

DOI: 10.1016/j.frl.2021.102277

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