Study criticizes banks' reliance on money funds

02/8/2013 | Wall Street Journal, The

A trend of banks relying on money markets as a source of funding could destabilize the financial system, a study by the Federal Reserve Bank of New York says. Money funds have historically been susceptible to runs, which may result in liquidity drying up for banks at the worst possible moments, the study says.

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Wall Street Journal, The

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