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...

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...

Since the 2008 financial crisis, money market funds (MMFs) have been the subject of ongoing policy debate and targeted for regulatory reform. The US Securities and Exchange Commission(SEC) eventually adopted reforms that have the potential to increase MMF fragility, while, at the same time,...