Remaking the Money Market
Last month, at a US Federal Reserve Bank conference on the money market, officials lamented the market's enduring fragility. Six years after a run on the money market nearly brought the US – indeed, global – financial system to its knees, why has it still not been brought under control?
https://prosyn.org/ZQ0IcA7
CAMBRIDGE – Last month, at a US Federal Reserve Bank conference on the money market, officials lamented the market’s enduring fragility. Indeed, six years after a run on the money market nearly brought the United States – indeed, global – financial system to its knees, critical risks that underpinned that crisis still have not been brought under control.