Investor Base and Prime Money Market Fund Behavior

Lucas Epstein and Lei Li

No 2022-04-19, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: Prime money market funds (MMFs) represent a key vulnerability in the financial system. During the last 15 years, they have experienced two severe investor runs, in September 2008 and March 2020, both of which contributed to full-scale financial crises.

Date: 2022-04-19
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2022-04-19

DOI: 10.17016/2380-7172.3116

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