Authors:

  • Jonathan W. Lim

Excerpt

Untangling the Money Market Fund Problem: A Public-Private Liquidity Fund Proposal. Jonathan W. Lim, January 10, 2014, Paper. "The 2008 Financial Crisis dramatically highlighted the systemic vulnerabilities of the multi-trillion dollar Money Market Mutual Fund (MMF) industry, which developed over the last 40 years as a vital part of the U.S. financial system. Yet, more than 5 years on, the problem of what to do with MMFs remains unsolved, with no broad consensus in development regarding the best way to address the systemic risks posed by these funds. This paper develops a three-part framework to assess the efficacy of existing..." Link verified March 28, 2014