US dollar money market funds and non-US banks

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.

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Year of publication:	2009
Authors:	Baba, Naohiko ; McCauley, Robert N ; Ramaswamy, Srichander
Published in:	BIS Quarterly Review. - Bank for International Settlements (BIS). - 2009, March
Publisher:	Bank for International Settlements (BIS)

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Extent:	application/pdf text/html
Type of publication:	Article
Classification:	E58 - Central Banks and Their Policies ; F34 - International Lending and Debt Problems ; G28 - Government Policy and Regulation ; G29 - Financial Institutions and Services. Other
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005063281