The Unintended Consequences of the 2014 Reform of Money Market Funds

Courtesy of Ramin Baghai, Mariassunta Giannetti and Ivika Jäger Financial regulation can have far-reaching consequences, some of which may not be intended by the regulator. In a new paper, we trace out the effects of recent money market regulatory reform, which had the objective of increasing the resilience of the US money market industry. We […]