Money Market Funds (MMFs) and the Covid-19 pandemic: Has the MMLF benefited money markets?

This paper explores the impact of Covid-19, and that of the MMLF program on US MMFs systemic risk through the CoVaR methodology. Using 149 listed prime MMFs, between January 2019 and April 2020, the results document that while Covid-19 increased their systemic risk, the MMLF facility scheme mitigate...

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Detalles Bibliográficos
Autor principal: Apergis, Nicholas
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier Inc. 2022
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8994440/
https://www.ncbi.nlm.nih.gov/pubmed/35431677
http://dx.doi.org/10.1016/j.frl.2021.102277
Descripción
Sumario:This paper explores the impact of Covid-19, and that of the MMLF program on US MMFs systemic risk through the CoVaR methodology. Using 149 listed prime MMFs, between January 2019 and April 2020, the results document that while Covid-19 increased their systemic risk, the MMLF facility scheme mitigated it.

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