US dollar money market funds and non-US banks

Naohiko Baba, Robert McCauley and Srichander Ramaswamy

BIS Quarterly Review, 2009

Abstract: The Lehman Brothers failure stressed global interbank and foreign exchange markets because it led to a run on money market funds, the largest suppliers of dollar funding to non-US banks. Policy stopped the run and replaced private with public funding.

JEL-codes: E58 F34 G28 G29 (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (124)

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Persistent link: https://EconPapers.repec.org/RePEc:bis:bisqtr:0903g

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