Why the Federal Reserve had to step in again to sop runs on money market mutual funds and keep the financial system from imploding.
Topics covered include:
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Show Notes
President’s Working Group on Financial Markets Releases Report on Money Market Funds—U.S. Department of the Treasury
Report of the President’s Working Group on Financial Markets: Overview of Recent Events and Potential Reform Options for Money Market Funds, December 2020—U.S. Department of the Treasury
U.S. Credit Markets Interconnectedness and the Effects of the COVID-19 Economic Shock by S.P. Kothari, Dalia Blass, Alan Cohen, Sumit Rajpal, and SEC Research Staff—U.S. Securities and Exchange Commission
Financial Stability Report November 2020—Board of Governors of the Federal Reserve System
How Vanguard Overhauled a Prime Money Fund by Bernice Napach—ThinkAdvisor
Overnight Index Swap by James Chen—Investopedia
Cash Viewpoint: What do Variable Rate Demand Notes do for Your Money Market Fund—Invesco
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