Briefing
Reforming Money Market Mutual Funds: A Difficult Assignment
Haltom, Renee Courtois; Ennis, Huberto M. (2014-02)
The money market mutual fund (MMMF) industry was one of many segments of the financial sector that experienced significant volatility during the 2007?08 financial crisis. Reform efforts have been underway to make the industry more resilient to shocks, but proposals have been controversial. This Economic Brief explores some of the key issues and sheds light on why reforming this industry has been so challenging.
Richmond Fed Economic Brief , Issue Feb