Shadowbanking and its importance in money creation. This is the first in a series of posts I will do on the topic.
After the "buck was broken" money maekt funds are still trying to prevent regulation.
From the NY Times.
"Currently, money market funds — unlike all other mutual funds — try to appear to be risk-free. The funds have net asset values per share of exactly $1, and “breaking the buck” is widely feared. The S.E.C. rules allow the funds to maintain that dollar value so long as the real value is at least 99.5 cents".
After the "buck was broken" money maekt funds are still trying to prevent regulation.
From the NY Times.
"Currently, money market funds — unlike all other mutual funds — try to appear to be risk-free. The funds have net asset values per share of exactly $1, and “breaking the buck” is widely feared. The S.E.C. rules allow the funds to maintain that dollar value so long as the real value is at least 99.5 cents".
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