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The Money Market Mutual Fund Liquidity Facility
Anadu, Kenechukwu; Cipriani, Marco; Craver, Ryan M.; La … - 2021
In this article, we discuss the run on prime money market funds (MMFs) that occurred in March 2020, at the onset of the COVID-19 pandemic, and describe the Money Market Mutual Fund Liquidity Facility (MMLF), which the Federal Reserve established in response to it. We show that the MMLF, like a...
Persistent link: https://www.econbiz.de/10012625898
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Sophisticated and unsophisticated runs
Cipriani, Marco; La Spada, Gabriele - 2020
studying the runs on prime money market funds (MMFs) of March 2020, at the beginning of the COVID-19 pandemic. For both U ….S. and European institutional prime MMFs, the runs were more severe in funds for which the imposition of redemption gates and …
Persistent link: https://www.econbiz.de/10012391516
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Sophisticated and unsophisticated runs
Cipriani, Marco; La Spada, Gabriele - 2020
studying the runs on prime money market funds (MMFs) of March 2020, at the beginning of the COVID-19 pandemic. For both U ….S. and European institutional prime MMFs, the runs were more severe in funds for which the imposition of redemption gates and …
Persistent link: https://www.econbiz.de/10012619533
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Is the EU money market fund regulation fit for purpose? : lessons from the COVID-19 turmoil
Capotă, Laura-Dona; Grill, Michael; Molestina Vivar, Luis - 2022
The market turmoil in March 2020 highlighted key vulnerabilities in the EU money market fund (MMF) sector. This paper assesses the effectiveness of the EU's regulatory framework from a financial stability perspective, based on a panel analysis of EU MMFs at a daily frequency. First, we find that...
Persistent link: https://www.econbiz.de/10013390997
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The money market mutual fund liquidity facility
Anadu, Kenechukwu; Cipriani, Marco; La Spada, Gabriele - 2022
Persistent link: https://www.econbiz.de/10013168129
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Is the EU money market fund regulation fit for purpose? Lessons from the COVID-19 turmoil
Capotæa, Laura-Dona; Grill, Michael; Molestina Vivar, Luis - 2022
The market turmoil in March 2020 highlighted key vulnerabilities in the EU money market fund (MMF) sector. This paper assesses the effectiveness of the EU's regulatory framework from a financial stability perspective, based on a panel analysis of EU MMFs at a daily frequency. First, we find that...
Persistent link: https://www.econbiz.de/10014278421
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COVID Response : The Money Market Mutual Fund Facility
Anadu, Kenechukwu; Cipriani, Marco; Craver, Ryan; La … - 2021
In this article, we discuss the run on prime money market funds (MMFs) that occurred in March 2020, at the onset of the COVID-19 pandemic, and describe the Money Market Mutual Fund Liquidity Facility (MMLF), which the Federal Reserve established in response to it. We show that the MMLF, like a...
Persistent link: https://www.econbiz.de/10013211413
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Is the EU Money Market Fund Regulation Fit for Purpose? Lessons from the COVID-19 Turmoil
Capotă, Laura-Dona; Grill, Michael; Molestina Vivar, Luis - 2022
The market turmoil in March 2020 highlighted key vulnerabilities in the EU money market fund (MMF) sector. This paper assesses the effectiveness of the EU's regulatory framework from a financial stability perspective, based on a panel analysis of EU MMFs at a daily frequency. First, we find that...
Persistent link: https://www.econbiz.de/10014236736
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Money market fund vulnerabilities : a global perspective
Bouveret, Antoine; Martin, Antoine; McCabe, Patrick E. - 2022
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 …
Persistent link: https://www.econbiz.de/10013162109
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Money market fund vulnerabilities: A global perspective
Bouveret, Antoine; Martin, Antoine; McCabe, Patrick E. - 2022
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 …
Persistent link: https://www.econbiz.de/10013330024