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BIBLIOGRAPHY

Overview of Recent Events and Potential Reform Options for Money Market Funds (Report of the President’s Working Group on Financial Markets, December 2020)

President’s Working Group on Financial Markets (published by the U.S. Department of the Treasury).

Claims Supported by This Source

  1. In the two weeks from March 11 to 24, 2020, net redemptions from publicly offered institutional prime money market funds (MMFs) were 30% of assets (approx. $100 billion). For three consecutive days starting March 17, outflows exceeded 5% of assets (p. 14).
  2. In comparison, the largest two-week outflow for the same type of fund in September 2008 was approximately 26% of assets (approx. $350 billion) (p. 14).

How to read the verification levels. 'Read' means the material was read in its entirety. 'Bibliography and abstract confirmed' means the bibliographic information and abstract were verified. 'Via course material' means the source was referenced through the main text of a book or a country's monetary history. The text hash is the SHA-256 of the main text from the original source page, excluding tags and whitespace, used to detect if the material has been altered.