Proceedings of the New York State Economics Association


Money Market Mutual Funds: Fund Structure and Regulatory Reform

Aiwu Zhao and Jonathan Zeidan

vol. 5, October 2012, p. 263-272


Money Market Mutual Funds, originally designed as a safe channel for investors' money, experienced staggering industry-wide withdrawals during the economic downturn of 2008. In order to prevent Money Market runs, regulatory action is necessary. Following the regulatory structure in the banking industry, this paper empirically examines the possibility and effectiveness of employing two regulatory approaches, an industry-wide insurance system and a fund-level risk monitoring system, in the Money Market industry.


suggested citation:

Aiwu Zhao and Jonathan Zeidan. "Money Market Mutual Funds: Fund Structure and Regulatory Reform." Proceedings of the New York State Economics Association. vol. 5, October 2012, p. 263-272

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