Overview

"The events of September 2008... proved that runs on MMFs not only harm fund shareholders, but may also... ultimately result in a decline in economic activity."" --President's Working Group on Financial Markets, 2010 The September 2008 run on money market funds (""MMFs""), during the financial crisis underscored the vulnerability of the financial system to systemic risk. Upon the Treasury Department's request, the President's Working Group on Financial Markets prepared the report, Money Market Reform Options (2010), explaining the concept of MMFs and addressing the systemic risks of MMF runs. Students of financial history, journalists, politicians, and anyone interested in the workings of financial markets and the Plunge Protection Team, will find this vital background reading."

Full Product Details

9781646790265

Table of Contents

Reviews

Author Information

PRESIDENT'S WORKING GROUP ON FINANCIAL MARKETS-a.k.a. the Plunge Protection Team-was created after the financial crash on October 19, 1987, by President Ronald Reagan in 1988. Its goals are to enhance the integrity, orderliness and competitiveness of the U.S. financial markets and maintaining investor confidence. Members of the Working Group are the Secretary of the Treasury and the Chairpersons of the Federal Reserve System, the Securities and Exchange Commission and the Commodity Futures Trading Commission.

Tab Content 6

Customer Reviews

Recent Reviews

Countries Available