Since the 2008 financial crisis, in which the Reserve Primary Fund "broke the buck," money market funds (MMFs) have been the subject of ongoing policy debate. Many commentators view MMFs as a key contributor to the crisis because widespread redemption demands during the days following the Lehman...

The financial crisis is a multidimensional phenomenon. It involves private and state actors. It touches on private, public, national, constitutional, European, and international law. It is embedded in political visions of peace, prosperity, and solidarity that to a certain extent collide with...