runs that arise from liquidity transformation and from sudden changes in investor perceptions of the funds' ability to … serve as moneylike assets. Since 2000, MMF runs have occurred in many countries and under many regulatory regimes. The … global pattern of runs and crises shows that MMF vulnerabilities are not unique to a particular set of governing arrangements …

runs in times of stress. In this paper, we investigate similarities and differences between the two, comparing investor … behavior during the stablecoin runs of 2022 and 2023 to investor behavior during the money market fund runs of 2008 and 2020 … historically materialized only in prime funds, with stablecoins, runs occurred in different stablecoin types across the 2022 and …

runs in times of stress. In this paper, we investigate similarities and differences between the two, comparing investor … behavior during the stablecoin runs of 2022 and 2023 to investor behavior during the money market fund runs of 2008 and 2020 … historically materialized only in prime funds, with stablecoins, runs occurred in different stablecoin types across the 2022 and …

runs that arise from liquidity transformation and from sudden changes in investor perceptions of the funds’ ability to … serve as money‐like assets. Since 2000, MMF runs have occurred in many countries and under many regulatory regimes. The … global pattern of runs and crises shows that MMF vulnerabilities are not unique to a particular set of governing arrangements …

runs that arise from liquidity transformation and from sudden changes in investor perceptions of the funds’ ability to … serve as money-like assets. Since 2000, MMF runs have occurred in many countries and under many regulatory regimes. The … global pattern of runs and crises shows that MMF vulnerabilities are not unique to a particular set of governing arrangements …