Missing the Mark on Money Market Funds

22 Pages Posted: 16 Mar 2014 Last revised: 18 Mar 2014

Date Written: March 14, 2014

Abstract

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

Suggested Citation

Fein, Melanie L., Missing the Mark on Money Market Funds (March 14, 2014). Available at SSRN: https://ssrn.com/abstract=2409079 or http://dx.doi.org/10.2139/ssrn.2409079

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