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Showing 1 to 1 of 1 for “"SEC 2016 Reforms"”.
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Two essays on money market funds reforms
… funds (MMFs) on their borrowers due to the 2016 Securities and Exchange Commission (SEC) reforms. By exploiting cross-MMF outflow variation, the study documents the financial distress that MMFs transmit to the broader economy. It shows that the MMF, experiencing a one percent more decrease …